In retrospect we should never have allowed consumption to be 2/3 of the economy the last 40 years, probably 50% would have allowed the economy to balance out, but as long as Morgan& Goldman run the world in the West, economic turmoil will prevail!

I pity the people that have retired the last 15 years and their real purchasing power has been cut in half, many of those relying on a 6-8% yield on their CDs, and now have to settle for 1% or so.