I'm surprised at the candid quality of the article that you cite. Now and then a doom-and-gloom financial article hits the intertubes over here, probably just to show fairness-and-balancedness. Is that what is going on with your source article? Or is there some advantage to be gained by a more value-based segment of the financial "industry" that is being test-marketed here? Or is it just accidentally good journalism?
In any case an article like that - especially spiced with your comments - could cause a panic, if widely disseminated and believed. It's a titillating prospect - publicize and perhaps tip the tottering mess into the crash that will come anyway. Are we ready for creative destruction? paul spencer
The information has been there all along - it's just not been processed into common wisdom yet, because it doesn't fit the narrative (and is thus discounted) and because it is hard to understand and happens mostly behind the scenes anyway. Who cares about CDS spreads when the Dow Jones is at 14,000?
As to dKos, it was a close thing - a bit of unlucky timing. In the long run, we're all dead. John Maynard Keynes
