Here is a series of videos on Tech Ticker that feature the economist Gary Shilling. He's an older dude that's been around the block a few times and, unlike most of the MBA types that caused this mess, remembers when debt was considered slavery and saving a virtue.
Everyone would do well to adopt those attitudes. I've been saying it for a very long time: get fast, get small. The comet has hit, but the blast wave (wide-spread state and municipal bankruptcies) isn't here yet. Now isn't the time to stand up on your hind legs to see what that bright flash of light on the horizon is all about. It's time to duck.
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