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View Diary: Welcome to the Wonderful World Of Commodity Inflation (175 comments)

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  •  Endgame coming (2+ / 0-)
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    3goldens, sravaka

    This is where we are now:

    It was always possible that in a consumer economy people would spend more than they earned until it was no longer possible to do so.

    Most of the consumers below the top ten percent or so have given up on the long term.  They're just getting through today, whatever they have to borrow to do it.

    With all his noble still bears in his bodily frame the indelible stamp of his lowly origin--Darwin

    by MadScientist on Tue Sep 25, 2007 at 11:25:43 AM PDT

    [ Parent ]

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