Again, I'd disagree and say not semantics. The reality is that the collapse has already happened. The only way the pain is being pushed out is endless borrowing to avoid dealing with the collapse. I'd argue the real economy stopped in the early 90's. Since then it has been bubble after bubble with the final bubble being government bonds resulting in massive currency devaluation and finally default in various forms. The fed has been printing and buying our own debt for...
10/4/13 at 12:22pm
- My snark goes to 11.