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We are only part way through the greatest deleveraging this country has ever seen. This is classic perma-bull spin, now that everything the bears have said has come true, the only left for perma-bulls to cling to is to say hey, don't worry, it's not going to be that bad. The reason the stock market is plunging and the financial markets are imploding is because it REALLY IS THAT BAD OUT THERE ON A FUNDAMENTAL BASIS.
Mar 18 17:34 pm
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All Comments by DC Housing Bear »The End of U.S. Investing as We Know It? [View article]
Americans need to come to grips with the fact that you can't borrow your way to prosperity. The past six years was make believe and the only way we can move forward is to give it all back and start over.