[CaptainK]

Last year he was extolling our economy.

[Zhang Fei]

Last year he was extolling our economy.

Evans-Pritchard is a great admirer of the way the US economy is organized. What he sees here is not the collapse of the US economy into a Mad Max-like state - it's a credit bubble-related collapse. What he's saying is that we might be seeing our first serious recession since the early 1980's.