It might seem crazy to talk about about abundance when the S&P is now down 5% on the day. But it is a symptom of an overstretched system. "Demand" is inadequate to employ people. Discounted future liabilities - a matter of social and political promises - are out of control. Confidence is fading.
Still, it is frightening. The political system is going to a crisis of legitimacy if we go on like this.
No comments:
Post a Comment