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Good medicine is bitter.
by Katrin on Fri Jan 27th, 2012 at 02:09:00 PM EST
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And suffering is virtuous. We must now repent for past sins overspending with a really deep cathartic episode in purgatory recession. Running our factories at half output for so long will appease the angry gods of the Market.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Fri Jan 27th, 2012 at 02:27:50 PM EST
[ Parent ]
Exactly. And when the lazy Greeks have learned their lesson and are becoming virtuous it is time for the next round in Germany...

People tend to forget that every race to the bottom has a predictable end: hitting the bottom.

by Katrin on Fri Jan 27th, 2012 at 02:33:55 PM EST
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