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A must read.. If you want to know where US economy is going!


The Great Consumer Crash of 2009 - Seeking Alpha

The pseudo-wealth that has been created in the last seven years has begun to unwind, but will increase in speed in 2009. You only know how you’ve lived your life over the last seven years. Your neighbor who has been getting their house upgraded, sending their kids to private school, driving a BMW, and taking exotic vacations may have been living the high life on debt. As usual, Warren Buffet’s wisdom comes in handy.

“Only when the tide goes out do you discover who’s been swimming naked.”