I agree about the day of reckoning. Make no mistake, it will come. Hard to say if it will be a high speed wipeout, like a full on collapse of the bond market, or a slow painful squeeze of the monetary supply contracting and rates rising over a 5 or 10 year span. Where I disagree with the doomsday sentiment is when. I do believe that we can kick the can down the road for many years. Maybe 2, maybe 5, maybe 20. If the world keeps wanting to play then there is no problem.
