The 1929 model or the Japanese model?.............from Rico

I cannot yet tell whether there is another "crash" ahead vis 1929, or if we will copy the Japanese model.

It's NOT getting better, despite the cheeleading and applause from the financial and mainstream media. I think the soundtrack is dubbed. Fake. We are not coming out of the Great Recession, and the question is "would you like two scoops or three?" on the crap sandwich we are all going to be taking a huge bite from.
- The EUrozone is swirling the ceramic bowl and will take U.S. corporate profits along for the ride.
- Thirty two States are officially bankrupt and borrowing from Treasury to fund unemployment benefits.
- Jobs will continue to be shed, and the expiry of ARRA in a week tells me that millions will be losing unemployment benefits. The extension clock may have run out for the long-term unemployed. There will be no extensions for the recently unemployed.
- We are heading for a 'new' wave of mortgage rate resets, and I think housing may implode.

Batten-down the hatches, mateys!!!