For those with no time or disposition to read, the central point of the article is that we are all fuked. But he is very good at making that point. Interesting read.
Not sure I agree with his argument. He used the 2000-2003 era as an example, and concluded that the cut in fund rate did not help. If the rate was not cut, would it have helped? No one knows.
Look at past articles (last year), he was calling for a end of bull market
then, if you listen to him then you missed out on 2006. Just because
the guy has a column doesn't make him smart.
BTW, if you keep making predictions of a recession, someday you
will be correct.
TJ