Next came the Bush bubbles—in housing, equity funds, commercial real estate, and hedge funds that have been deflating while threatening to destroy altogether the economic viability of what was once the world’s greatest industrial democracy.
After this, the only bubble left for an economy that appears to be entering terminal depression may be the current fuel/food bubble that could result in the starvation of millions worldwide.
Quelle: Extraordinary Times, Intentional Collapse, and Takedown of the USA – Part 1
Drüben bei Kunstler hingegen:
Risk, as a pure abstraction unconnected to any real capital activity, is all that’s left to buy and sell after all other plausibly practical vehicles for finance have failed.
Quelle: THE RISK ECONOMY
