I've been following Karl Denninger's blog for the past year. The guy is a major ranter, but he is also one of the most intelligent writer's out there when it comes to understanding this mess and how to correct it. His latest post is excellent and he eloquently describes the "confidence" game that I've ranted about in the past. Please read:
http://market-ticker.denninger.net/archives/651-Yes-We-Will-Have-A-Depression.html
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