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A Disney world of wealth produced by debt.

2008-10-05 14:43:41.874267+00 by ziffle 1 comments

The Last Bubble

That was it. The housing boom. The leveraged buy-outs. The high flying hedge funds. Mega houses. Super cars. Big dreams of endless credit. All gone. All over. Done, once again.

As we face the economic wreckage of the second credit bubble in a century to rebuild, our leaders will promise restoration of the mirage. But our old debt based reality was a fantasy, a dream. We have no more chance to recreate it than we have in the morning after waking from a lovely dream to fall asleep again back into it while the alarm is ringing.

A site I like is itulip.com

The parties over. Now back to work.

[ related topics: Erotic Aviation Work, productivity and environment Economics Real Estate ]

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#Comment Re: made: 2008-10-06 11:51:06.206111+00 by: meuon

It won't be the "last bubble". There will be more, different, hopefully smaller.