Rather long but interesting financial and economic analysis.
Entering the Greatest Depression in History
More Bubbles Waiting to Burst
by Andrew Gavin Marshall
While there is much talk of a recovery on the horizon, commentators are
forgetting some crucial aspects of the financial crisis. The crisis is
not simply composed of one bubble, the housing real estate bubble, which
has already burst. The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Indicators show that the next possible
burst is the commercial real estate bubble. However, the main event on
the horizon is the “bailout bubble” and the general world debt bubble,
which will plunge the world into a Great Depression the likes of which
have never before been seen.
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Duct tape is like The Force: There's a Light Side, a Dark Side, and, of
course, it holds the universe together.
EarthNSky Farm, NW Georgia, USA
[Homestead] The Great Depression, V 2.0,
EarthNSky, 08/07/2009