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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.


TulsTime said...

Jeeze, you can hear the bubble pop with that one. And see the plunge 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.