A Dismal Science is pretty great.
"It's a beautiful, black mountain of waste, greed, and debt. We haven't even begun feeling what liquefying that is going to feel like, and already the masses are restless. This is more than unwinding Bush's bubble. This is setting the national financial clock back to the 80's, when the credit boom began. Maybe all the way back to 1934, when the modern financial system last began anew.
Hell of a time to be alive." LINK to A Dismal Science
A beautiful, beautiful post from a great blog.
Labels:
doom,
housing bubble,
US economy,
US government
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