Mike Krieger, formerly a macro analyst at Bernstein, and currently running his own fund, KAM LP, summarizies the pretend reality we are all caught in now, knowing full well America is set on a crash course with reality at some point, yet sticking our collective heads in the sand, as the collapse will be some time in the "indefinite" future. In the meantime, banks will continue to boost US GDP by peddling "financial innovation" and restructuring advice to countries like Greece... and nothing else.
This is one of the most amazingly dead on articles I have seen in print...
"We Must Move to a Free Market and Shun the Welfare-Warfare State or all will be Lost"
Please read it in it's entirety on zerohedge by clicking here