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Parsing Paulson's pablum

Henry Paulson, former CEO of Goldman Sachs Group (NYSE: GS) and current Treasury Secretary, has been spouting pablum about how he's never seen such a strong global economy. He's just following in the footsteps of cheerleader-in-chief, George W. Bush.

But Paulson is no dummy. He knows that his words have a tremendous impact on investors around the world who are nervous about the recent rapid market break. The key question is whether he knows enough to keep all the economic imbalances in the global markets from making his optimistic comments look foolish.

I'd like to hear how he would keep the massive debt load which the U.S. economy is carrying from creating a sharp economic reversal. Specifically, if the economy is so strong, I'd like to hear Paulson explain away these questions:

Continue reading Parsing Paulson's pablum

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