Better late than never - is America about to follow Japan

On Friday the NP issued this editorial that suggests with Money Supply falling into negative growth the US is about to fall into the worst case of expansive Fiscal Policy and restrictive Monetary Policy.

Further to this, I found this debate (March 23, 2010) at Grants Interest Rate Letter between eponymous and well known strategist James Grant (of Grants Interest Rate Letter) and David Rosenberg, Chief Strategist  - Gluskin Scheff (but formerly, Chief Economist/Strategist at Merrill Lynch - before it blew itself up).

Courtesy:  Investors Business Daily