Submitted by Howard Kunstler via Kunstler.com,
It ought to be a foregone conclusion that Mr. Obama’s replacement starting January 20, 2017 will preside over conditions of disorder in everyday life and economy never seen before. For the supposedly thinking class in America, the end of reality-optional politics will come as the surprise of their lives.
Some readers can’t figure out why I said over the weekend that my first reaction upon hearing of Justice Scalia’s death was fear for the country. Really? they ask, not unreasonably. He was only one justice on a court of nine, and when you think about it, he was on the losing side of the high-profile issues that religious and social conservatives most care about (that is, abortion and marriage).
Well, I’ve thought about it, and here’s why I still believe my gut reaction was valid. In fact, I believe it now more than I did over the weekend.
Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
“Massive Deterioration” – Worse Than 2008
The Dow is down by almost 9% since the start of the year.
“These developments, if they prove persistent, could weigh on the outlook for economic activity…” proffered a nervous-looking Janet Yellen in her testimony on Capitol Hill. She was signaling to investors.
Smoke signals…
As you might have noticed, Bernie Sanders isn’t exactly enamored with the growing divide between the rich and the poor in America.