Flirting with Disaster

Exports are in collapse. The global consumer is in big trouble and soon the US consumer will be as well. When 3 sigma control is lost the process is out of control. And...as global crops fail, societies will fail. Which will fail first? Developed civilizations or the 3rd world? My guess is that Rome will fail first.

Bernanke and Obama have thrown everything but the kitchen sink at the "Lehman event". Once the sink is gone then what? U6 is 22.6%. One in five americans are sitting at home, broke and  stewing in their juices. Very bad!