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April 12, 2005

Today's Housing Bubble post

-- by Dave Johnson

Everyone should read James Wolcott: We Can't Say We Weren't Warned even though it doesn't mention housing.

There's a pattern here. As with Peak Oil, global warming, the real estate bubble, and the various US deficits, there's a general awareness of Trouble Coming and yet no sense of urgency or battle plan. It isn't that the media, the political class, and the media are paralyzed by fear or overwhelmed by alternative solutions, it's as if everyone is assuming that we can sleepwalk through the next crisis and muddle through as we always have with only minor hiccups, if any, in our lifestyles.

Posted by Dave Johnson at April 12, 2005 9:44 AM

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They're just following GW's lead. Borrow money or find something else to talk about.

Posted by: zhoward at April 12, 2005 12:53 PM

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