Tuesday, October 7, 2008

Depression thoughts

Today a veritable mushroom field has sprung up using the debt to GDP figures I noticed several weeks ago that compelled yesterdays post. There is a an excellent article by James Quinn on the seekingalpha investment website which lays it out far better than I did and he gives detailed historical perspective to the problem which is illuminating. Dupont and JP Morgan trying to raise an army? MY, MY. The ad hominem attacks which follow in the comments were ludicrous but good for a few laughs. People simply cannot abide a messinger of bad news. I am sorry that my graph of debt to GDP did not display the years after 2002. Use the link here to see them better.

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