John Hussman is nearly always a great read and his post on Post-Crash Dynamics is no exception. Here are a few snips. If you look carefully at the economic data that shows improvement, and correct for the impact of government outlays, it is difficult to find anything but continued deterioration in private demand and investment. What we do see is a government that has run what is now a trillion dollar deficit year-to-date, representing some 7% of GDP. That sort of tab will undoubtedly buy some …

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Hussman on Post-Crash Dynamics