outtafavr

Roubini Attacks Bailout, But Misses Boat on Regulation

I'm afraid there is no way to dismantle the current system in an orderly fashion. The system is currently on life support and I believe there is substantial risk that the end may involve significant disruption.

Meanwhile, the socialist/class envy/every man a king/utopians (User 256999 this is you) remain at the helm. Even Dr. Roubini is afraid to take them on, but Michael Shedlock is not.

Many thanks to you, Michael, for your excellent analysis. Hopefully, those who construct the next system will have similar insight into America's sins of the past.