[ThePythonicCow]

bttt

I've been saying we are entering a serious depression. But this article says it far better than I am able.

[wideawake]

Irrational moroseness is the flipside of irrational exuberance.

Everyone who bought the dotcom snakeoil was gullible, but everyone who buys the economic doomsday scenarios these guys are peddling are just as gullible.

For 50 years our tax system has encouraged borrowing and spending and penalized saving and investment. The Washington bureaucrats are beginning to realize that.