Georgiaright.com June 28, 2010: If you have been waiting for the Fed to start the printing presses, your wait may be over according to the British press.

                Good time will be had by all according to those who suffer from the normalcy bias.  The antidote may well be a dose of reality: “Economic Cycle Research Institute plummeted yet again last week to -6.9, pointing to contraction in the US by the end of the year.” Not everyone is so negative on the economy, but those who are,  aren’t pulling any punches. “Andrew Roberts, credit chief at RBS, is advising clients to read the Bernanke text very closely because the Fed is soon going to have to the pull the lever on "monster" quantitative easing (QE)". He see the cliff edge and it is just a few strides ahead.

                Societe Generale's uber-bear Albert Edwards said: “"The response to the coming deflationary maelstrom will be additional money printing that will make the recent QE seem insignificant," If Congress must cut off the unemployed then an additional 1.3 million will have no means of support. That might create some problems not only for the economy but for the police.  Next year when the tax increases kick in businesses we will see if the government collects more tax revenue. Supply side economists expect the worst.