[quote=davelj][quote=UCGal]Brian – I think you’re missing Arraya’s point. Arraya is saying there WILL be a collapse… Just when and the depth are in question.
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Sure, but… the “when” and the “depth” are the only important considerations.

For example, I know I’m going to die. But the “when” and the “how” are the important issues. Simply noting that I’m going to die doesn’t convey any useful information.

Sure, there will be a collapse… but without any idea of timing (which could be many decades in the future – or longer)… I fall back on Keynes’ quip that, “In the long run we’re all dead.”

[Sorry for butting in.][/quote]

FWIW, I think “when” is sooner, rather than later. The depth will be deeper than if we had let things fall in 2008. Not only that, but the damage will now be more widespread, and those who caused the disaster will be as far from the center of the storm as their yachts can take them. Just my 2 cents.