Imagine the cost to small businesses, retailers in general, local and state governments (lower taxes), landlords, restaurant chains, mutual funds, churches, etc., as retiree and welfare benefits are cut and more and more people are laid off of from contingently affected employment. Without the sustainable cyclicality of income/outgo funding, America will collapse.
The high cost of health insurance, rents and gasoline are harbingers of future dysfunctional economic cyclicality.

David Merkel submits: 1) Let’s start out with my forecast. I’ve given it before, but it has become the conventional wisdom
— at the next FOMC meeting at the end of April, the Fed will cut by 25
basis points. They will make the usual noises about bot…