ping
Predicting the obvious by one of the leading consultancy practices that made their bundle helping to leverage everyone into this mess in the first place.
Who’s got the Hayek quote? Something about how delaying the inevitable only ensures that the pain which will come will be that much greater when it eventually arrives.
~~Ludwig Von Mises
This is shocking news, blam. \s\
Household deleveraging is difficult without a job.
But that takes brutal competitive honesty within (like Affirmative Action Not), and opening of energy assets. And of course the Harvard, CFR, crowd are so arrogant, and self-projected, they can never let it happen.
The United States as a geoconstitutionally determined nation is potentially fine, like Canada, like Australia. But the global elite will do everything possible to obfuscate this - there were others who warned so.
National self sufficiency is not isolationism, just self improvement. It might also be called conservatism.
We’re in some kind of historical time-warp:
1. Russia implodes, while America approaches the verge of a huge bubble.
2. America bubblizes, then implodes, becoming the new Russia. Meanwhile, China is in full bubble-mode.
Hypothetical:
3. China implodes, India approaches a bubble...?
Bascially, what McKinsey is saying is that “we’re phocked.”
Nothing that Karl Denninger http://market-ticker.org/ and a host of others haven’t been screaming about for years...and only now do these “geniuses” finally get it?
mature economy and demographics...
Yes, we’re pucked...
30 years ago, during a severe downturn, we couldn’t buy a job so we started our own business. Now, all we want to do is hybernate and make it through the next 10 years.
The math never lies.