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Thursday, January 15, 2009

The Death of the Largest Credit Ponzi Scheme

I drew inspiration for this chart from a post over at Sudden Debt titled End of an Era:

"Yes, most people may wish the party to go on, but deep down they know it's over. And this knowledge affects their behavior very significantly. When it's over, it's over."

I couldn't agree more. The death of the world's largest credit ponzi scheme does not look pretty on the charts... but it will look much much worse out on the streets.

2 comments:

TulsTime said...

Jeeze, you can hear the bubble pop with that one. And see the plunge too...in the immortal words, that's gonna leave a mark!

Pickdog said...

"but it will look much much worse out on the streets."

may God have mercy on our souls.