Yes, the sky actually IS falling

Wanna read something really depressing? Also informative, of course, but also pretty much of a down trip -- Mike Whitney's wrap up of the economy, Picking Through the Rubble in Post-Bubble America highlighted by this prediction:

Expect to see the Dow hugging 7,000 by year end.

I might think he is being unnecessarily gloomy if I wasn't also reading Ian Welsh and Bonddad and Stirling Newberry. Keep your chin up!