DougL

Warning Signs of a Modern Depression: See 1990 Japan

I'm new to this blog site, and enjoyed this read greatly. The autor is correct on many items. What is interesting, is how many of the comments are about "george bush" and how this is all his fault. That is rubbish. This bubble and all the debt behind it has been brewing for years, far before GB ever took office. Besides, if US consumers didn't spend money like it grew on trees, we'd not be in this situation in the first place. Politicians and Ben Bernake alike are standing on the sidelines of this one, unable to do anything.