Individual families may be excited to be getting a few extra hundred dollars back from the IRS this summer, thanks to an economic “stimulus” package passed by what appears to be a desperate government…but will it help in the long run? An article in the Los Angeles Times suggests that we’ll need to do more than put a few band-aids on the problem:

“People are going to have to buckle up their seat belts and expect some dicey economic times for much of the year,” said William Grenier, chief investment officer at UMBS Management, a $12-billion asset management firm in Kansas City, Mo. “We’re going to have to let the excesses wash out of the system.” Read more