The Keynesian Recovery Meme Is About To Get Mugged, Part 2 | Stockman

``When the bust comes, these foolish Keynesian proponents of everything is awesome will be caught like deer in the headlights. That's because they view the world through a forecasting model that is an obsolete relic--one which essentially assumes a closed US economy and that balance sheets don't matter. By contrast, we think balance sheets and the unfolding collapse of the global credit bubble matter above all else. Accordingly, what lies ahead is not history repeating itself in some timeless Keynesian economic cycle, but the last twenty years of madcap central bank money printing repudiating itself.''