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.
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Friday: No Major Economic Releases
4 hours ago
2 comments:
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!
"but it will look much much worse out on the streets."
may God have mercy on our souls.
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