Thursday, February 07, 2008
Nuthin' But Blue Skies Ahead!
Not. The article paints a grim picture of the factors which point to an imminent massive unwinding of our glorious credit/"debt slave" system. Also, it turns out that folks aren't gonna just sit there and take it when their survival is on the line. More analysis here. The financiers richly deserve what's apparently about to hit them. Not because they are financiers, but because they have been so massively shortsighted, reckless, and engaged in nothing but magical thinking.