Most Americans are probably pretty smart, but as consumers, I believe many of misled and deluded ourselves into leading a lifestyle we can't afford
Well that's nothing new...been going on for decades...and will continue
(I'm not one of these, I drive an even older crappier car than you do)
Hey...My Explorer is not crappy....lol
and the effects of the fallout are going to be huge. I'm talking worldwide economic shock of a proportion never seen before in history and ALL of us will be affected somehow. So with my limited knowledge, I'll degress to the so-called experts, because hey, maybe I'm the one being fooled here and by not consuming, I'm missing out on the gluttonous feast that's been going on.
Once we all succumb to the doomsday scenario...it's all over...
Wall Street Journal
http://online.wsj.com/public/resourc...og08312005.htm
Morgan Stanley's, Stephen Roach
http://www.morganstanley.com/GEFdata...i.html#anchor0
Part II
http://www.morganstanley.com/GEFdata...50829-mon.html
Andy Xie's viewpoint (and after all, it's only a viewpoint, but if you dig and do the research, the numbers are there) But if it's true, it's pretty friggin' radical. Think big picture.
http://www.morganstanley.com/GEFdata...50830-tue.html