Monday, October 19, 2009

The next bubble is inflating

When it bursts, things are going to get ugly, fast. Somehow I get the distinct impression that our political elites neither know nor care. I'm no economist, but rather a layperson who has some interest (largely that interest amounts to surviving in a system built to redistribute wealth from those of us with the least to those who already practically rule the world). That said, for what it's worth, I will repeat that a second "Great Depression" is a distinct possibility. As I said, when this bubble bursts, things will get ugly, fast.

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