I stand by everything I've written over the last 2 years. In fact, the reason I don't have more recent posts is because the situation hasn't changed. Titanic. Iceberg. Full speed ahead.
The whole world -- not just U.S. Americans -- has decided the best way to solve intractable debt and glutted supply is by promoting demand among over-saturated consumers via massive new borrowing and investment in infrastructure that fosters more supply.
Even Germany now seems to recognize it is over-leveraged. Still waiting for that apology, Klaus.
Bonus coverage on Terrorism (prophesy at it's best, people) and the Environment (jury's still out, but I stand firm).
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