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>Nowhere to Run, Nowhere to Hide  - James Howard Kunstler - 
When reading JHK posts, I often get the impression of a cynical Chicken Little or Kermit the Frog, "the sky is falling you a-holes, ahhhhhhh." Waving arms with middle fingers extended. He obvously hates modern America, and longs for the early 1800's.

However, I did enjoy the last paragraph's metaphor of the tide of $$$$'s that will inundate our shores when the Credibility Bubble bursts on the bond market.


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Beginning of the headline :The Federal Reserve answers only to God, but Ben Bernanke’s must not have known that his boss was such a prankster. All of a sudden here is the interest rate of 10-year Treasury paper rising like an angry carbuncle on Ben’s pale tuchus just when he thought he could sit back and watch the mud wrestling contest between Larry Summers and Janet Yellen.      Poor Ben, sedulous student of the Great Depression, who didn’t notice that the country had changed from a nation of farmers and factory workers... Read More
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