Subject: Re: [Homestead] Half of U.S. "on the dole"
Date: Sun, 9 Nov 2008 15:10:18 EST
> >James, the housing bust and the subsequent Wall Street chaos and loss
> is not causing societal meltdown.
>
Yet.
In and of itself it won't. But it is the cause and occasion of what might
well be the end of the credit/consumerism economy. And THAT will cause a
social
meltdown.
> > Life is too short for me to depress myself by focussing on
> such an improbable disaster.
>
I remember people saying that life was too short to worry about a housing
collapse too. Happened anyway.