Steve Rosenbaum: "Stimulus? The Dollar Is Toast" Says Harvard MBA Juan Enriquez: "Said Enriquez: 'We're living in a debt crisis not a liquidity crisis. The fundamental problem is too much debt. And now we're adding debt and adding debt and adding debt. We're adding that debt in places that are not going to generate more jobs or economic output.'
What is critical here is to know that Enriquez isn't preaching pop-economics. Rather, he's presenting a deeply analytical and carefully researched argument. And with his triple threat background in business, economics, and science - he's got the processing power to actually lay out a cool and calculated argument that bears investigation. In his view, the stimulus is going to pour gasoline on the fire. Otherwise, in his words: 'the Dollar is toast.'"
(Via Huffington Blog.)
