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>Systemic Turmoil, Structural Reform  - James Howard Kunstler - 
According to JP Morgan: "We are genetically evolved to waste gasoline, this is what we want to do as a people," he said. "And when the prices gets low enough, we will do that. But you can't do much of that immediately." - David Kelly, JP Morgan Funds chief strategist 17 July 2015 from CNBC.
Seems to me we are doing just fine with the wasting right now! As Saudi Arabia ramps up their fight against ISIS and Iran, they will also contribute a significant share. - Ron


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Début de l'article :“The problem with the post-2007 world is that we are not in a cyclical recovery; we are in a structural depression defined as a sustained period of below-trend growth with no end in sight. The U.S. has caught the Japanese disease. Structural depressions are not amenable to monetary solutions, they require structural solutions.” –James Rickards Can anyone stabilize this bitch? At daybreak, anyway, the Federal Reserve governors were all bagging Z’s in their trundle beds. Maybe after a few pumpkin... Lire la suite
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