Below is a link to an article that will rattle some bond investors. It also emphasizes something we've been alluding to for some time and just mentioned in yesterday's post, Treating Lab Numbers.
It's called fiscal accountability or letting a financial fever run its course. Fevers spike to help fight off unwanted bugs. More often than not fevers spike owing to excesses. It's one of the most basic built-in protection mechanism the human body has. Most are self-limiting and will do just fine without human intervention.
Too bad the same can't be said for recessions.
http://www.cnbc.com/id/100836919
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