Title: U.S. MAY S&P/CASE-SHILLER HOME PRICES RISE 4.6% VS YEAR AGO [African American Hating Nebby on Suicide Watch] Source:
BBG URL Source:http://www.bloomberg.com Published:Jul 27, 2010 Author:CARLOS TORRES Post Date:2010-07-27 09:07:11 by war Keywords:None Views:21049 Comments:39
Let's call this whatever-you-want-to-call-it(today's pundits/economists/soothsayers/courtesans;}
a compressive deflationary contraction, because that's exactly what it is, an accelerating systemic collapse of activity due to over-investments in hyper-complexity (thank you Joseph Tainter). A number of things are going on in our society that can be described with precision. We've generated too many future claims on wealth that does not exist and has poor prospects of ever being generated. That's what unpayable debt is.
And at some point the US has to stop. Bring ALL the debt on it's books and announce that no more is being created. That day is not today.
But within months. Think the day before the NEXT False Flag. Like Rummy's announcement that $2.3 Trillion is missing from the Pentagon. ;}
