Article Review #3

Once again, the article review is about David Stockman and his hatred towards the Feds. In this week's article, Stockman is now looking at the global economy and the impact the Feds are having on it. To start off, Stockman is basically telling us, the reader, that the whole world is screwed and their is a potential global recession coming our way. The reason why there is a potential recession about to happen is due to the huge financial bubbles in the labor market that were caused by the different countries and the Feds. Basically, the countries all supported each other to fund trades with money that was already being blowing up with debt costs, just like China's economy. All of these ideas of debt costs are connected to the idea that the credit boost in the twentieth century is barely going to create an impact in today's world. Stockman also goes into detail about how the European countries tend to not mix their money funds with helping their economies come out from debt. 

Overall, the article was okay to understand but it did include a lot of abbreviations and charts that were confusing and a hassle to look up. It was a hassle to look them up since there were so many of them in the piece. For example, Stockman kept on writing Bernanke; who is this person?