tom Andersen

Great Depression Not Imminent, But Inevitable

One sign of the top - when people are saying "this time its different". The sign for the bottom is the same. 1981 was pretty bad with 20% interest rates. This just does not seem as bad as that.

A good downturn will help clean out the 'stupid economy' - wind power, solar panels, defense overspending, silly government spending, people who can't read and add getting expensive mortgages, e-zee corporate credit, etc...