Monday, October 27, 2008

The Standard of Living Bubble (And Why It’s About to Go Pop!)

Posted by Karen De Coster on October 22, 2008

Our representatives in Washington, alongside the easy-credit Federal Reserve and its Wise Leader, “Helicopter Ben,” have essentially subsidized a rash of misguided investments and profligate spending-sprees by consumers who’ve bought into the illusion of endless prosperity.
Everyone knows about the Housing Bubble. Well, get ready for the even bigger Standard of Living Bubble, whose bursting is now upon us.
(read full article)