What Lies Ahead?

Expected Returns announces that austerity and the worldwide debt crisis we are now experiencing is belied by the 2011 budget.

The editorial is quoted as saying:

The recession officially ended in June 2009, yet our annual budget deficits keep rising. Home prices are hitting fresh lows as mortgage rates start creeping up. Protests are ratcheting up globally, yet most Americans still aren’t seeing the bigger picture. We are witnessing a global contagion that will bring with it huge changes. Here are some things to think about in that regard.

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