Economics – Dec 18

Kunstler: Failure beyond finance
Krugman: After the money’s gone
Consensus is moving towards how severe the hard landing (recession) will be
Peak oil and portfolio prudence
Congressional report: Rich are getting richer faster, much faster
WTO director: “Capitalism cannot satisfy us”

Middle class angst: The politics of lemmings

The deepest fear in suburbia, never spoken aloud, is that when this epoch unravels, Suburbia’s citizens quite simply will not know how to survive… The real choice that Suburbia will face is one between fascism or self-sufficiency, which is a choice – as well – between spiritual death or spiritual renewal.