Johnson: How Much Will the Economic Recovery Cost Us?     Text
Size   Published: Tuesday, 14 Feb 2012 | 12:16 PM ET By: Ivory
Johnson |Scarborough Capital Management, Inc  The United States
has a renewed sense of optimism.  There are 3.4 million unfilled
positionswaiting for qualified applicants and jobless claims
have fallen to their lowest level in four years. Meanwhile,
manufacturing jobs are being created for the first time since
1997, corporate profits are at their apex and General Motors is
the world’s best-selling automaker.  Who’d of thunk it? In
September of 2009, El Erian, president of the largest bond
manager in the world, called his wife and asked her to withdraw
as much money from the bank as she could because he thought the
financial system was about to collapse. That's where we were,
teetering precariously on the brink of the abyss, just a stone's
throw away from everything we thought we could never become.
What ensued was a chorus line of knee jerk reactions, best
described as being in a room