Analyzing The Bailout

Man, does this paint a bleak picture of how we got here and what's ahead. It's worth your time, though, since it puts everything in perspective.

“That Future You Sold?” said the Devil, “I’m here to collect”.

Here's the simplest way to look at what has happened over the past thirty years and just peaked. Americans wanted to live beyond their means. They wanted the good life. They wanted to consume and they wanted to have lots of rich people and they wanted to have the unearned wealth that comes from real-estate [...]