Apparently we’re doomed, and this coming year will be terrible. Now where have I heard that before?
Nice read...Happy New Year!
Happy New Year B-Chan! (posting with out reading the article).
"Anyway, here at home the US still faces the prospect of an economic meltdown of our own. All the wishful thinking in the world will not stop nature from wringing out the debt-hobbled American economy with its tragic dependence on recreational shopping, tourism, excessive motoring and the accompanying addiction to imported oil. We are going down the path to a long and harsh period of austerity, whether Wal-Mart and Michael Eisner like it or not, and we are not prepared. After Christmas, we are going to see a retail work-out that will make your heads spin, including (Kunstler predicts) the tanking of some major national chains. Duck and cover."
Maybe this stopped clock will be right sometime.
The profanity in the last paragraph is almost as disturbing as the cluelessness.
(He called for Dow 4000 in 2006???? Bwahahahaha!)
I agree with some of what Mr. Kunstler wrote.
IMHO, we, the American people, have been a little to big for our britches for awhile. It is past time for us to be:
- yanked up short
- spanked but good for believing the lie that prosperity is exponential, ever growing and never ending
- given a major timeout to consider our folly and foolishness.
Get out of the way. The house of cards oh so carefully built by the geniuses on Wall Street and in the hedge funds is about to collapse big time.
IMHO, YMMV, flame away.