fasten your seatbelts its gonna be a bumpy ride

at a receent speech Atlanta Fed Vice President and Senior Economist John Robertson commented about the report, " NFIB small business economic trends"

http://www.nfib.com/Portals/0/PDF/sbet/SBET200911.pdf

looking at that report and capital outlays and inventories current and projected

pages 16-18

robertson's optimism is not supported

the data and graphs indicate over supply and lack of demand

small businesses responding to the survey not expecting much change too soon

heres my take

we, as a country embarked upon a supply side strategy more than a quarter century ago

im not arguing that supply side or demand side, is either, better than the other..both have their place

but this is what we get when we go all the way down the road to the bitter end following any one paradigm

supply side taken to the limit leaves us with declining wages, declining prices (until the dollar is destroyed then... we go stagflation

and ebbing demand, leaving the BRIC countries to fill in the void

and wasnt that the plan all along...hahahaha

fasten your seat belts its gonna be a bumpy nite

(as bette davis said)

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