Prudent Investor hit half the nail on the head. There is another recent article on this site that illustrates an inverted triangle. That depicts to perfection what state the US economy is in. At the wide top is the capacity of the economy which has been overbuilt due to too much easy money sloshing around in the economy for far too long, giving the appearance of a never ending panacia of consumption feeding consumption. At the bottom is the contracting consumer who has been slapped in the head with reality (finally) and is crumbling under the weight (increasing as the consumer is forced to retrench). Their is nothing this economy can do but shrink. This is going to be ugly!
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