Midas Mulligan

The Great Consumer Crash of 2009

Well done. A thorough, well-researched article. I would dispute the author's suggestion, however, that the penurious and prudent will emerge relatively "unscathed." Those ( or perhaps, "we" ) who invest will likely experience a degree of "collateral damage" of a kind, in terms of meandering or lower indexes ( lower equity prices ), resulting from a consumer-led slowdown of undetermined depth and breadth.

"May you live in interesting times," the old Chinese admonition goes. Investors are headed for some interesting times indeed.