Plastic Green Shoots

Most investors and pundits are celebrating the green shoots of economic stabilization and the belief that there will be a “V” shaped recovery in GDP growth. I believe, however, that what we are experiencing is just an artificially derived respite and that we have only entered the eye of our debt induced hurricane. There should be no mistaking what was the progenitor for near collapse of the economy late last year. It was clearly the overleveraged consumer and financial sectors, which was the

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