The insights presented at last week’s Agora Financial Investment Symposium, were both scary and hopeful. The event, entitled “Fight or Flight,” featured gifted minds like John Mauldin, who put an exclamation point on the dire fiscal situation the country is in.
A proverb derived from ancient Greek drama asserts: “Those whom the gods wish to destroy they first make mad.” And truly, the drama of the debt resolution impasse in D.C. (I’d rather not associate the place with George Washington’s good name at this time) reveals a particularly perverse madness.
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There Is No Recovery… It’s All Been Just More Debt
There’s plenty for DR readers to disagree with in this newly-released video from the Post Carbon Institute which examines whether or not we’ve entered a “new economic reality.” It’s especially timely given current swings in financial markets… including this morning’s 400-point free fall in the Dow (so far)… and the ongoing correction in the economy.
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