I've linked to Karl Denninger's comments on our economy and fiscal situation on many occasions in the past. Now, in a video interview with USA Watchdog, he lays it out very bluntly and very clearly. I can't add anything to what he says here, because I agree with it completely.
You really need to watch this.
That really is the way it is. No flannel, no fooling. Plan accordingly.
Peter
No man must pay for their sins, say the Gods of the Marketplace, and so it has been with GM, MF Global, AIG...
ReplyDeleteThe Gods of the Copybook Headings are all but caught up to the Gods of the Marketplace, we can hear the sound of their limp.