We have to pay the piper! Endgame!

Hold On to Your Seat: America and Its Debt Based Economy

by John Kelley / July 31st, 2007

Yesterday, the Dow Jones dropped 300+ points, down over 400 at its low for the day. Today, it will probably be just as volatile as it has been, but the shape of things to come is not good. We can only ride this irrational over-exuberance about the market for so long before we have to pay the piper. It’s quite simple. While the market was setting a new record July 20th by breaking 14,000, the actual financial underpinnings of the country were growing quite bleak. (Full article …)