I read this article yesterday on a yahoo news link posted on some bulder stock quotes and it made me think of one thing. What a bunch of geniuses we are on this site. Look at the numbers, they get progressively worse and the past few months they are dropping like a rock. Anyone looking to invest can read dozens of stories like this every day and see how obvious the decline is and how it is picking up downward steam. Looking back to earlier in the year, the numbers were pretty flat and they weren’t obvious, yet if you had read the threads here in March, there was absolute certainty from the majority that this is where things were headed. I like the authors style but he has the benefit of looking into a rear view mirror, I would have been more impressed if he had written this in March, because Roubini and Shiller were writing and saying exactly this. On those two, have you noticed the increased respect when doing interviews they now get, no longer are they regarded as crackpots and few even dare challenge them.
