...I know I'm not alone in the creepy feeling that really nothing has been sorted out and the world is waiting to get hammered six days to Sunday by the consequences of living too large for too long...
... My guess is that the gestures of reform will leave reform completely unfinished by the time the high water of events starts rushing back in. All the structural fault-lines will remain as even more decay sets in and new cracks appear. Something is gonna give this summer.
It all comes down to one thing: the world is mismanaging contraction. The world will not solve the problems of massive over-complexity with more complexity. But scaling down is apparently not an option, though it will happen whether we participate or not. The USA is like Herman Melville's Bartleby the Scrivener who, when asked to do anything, replied, "I prefer not to." His preference led him to a pauper's grave..."



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