Michael Gracie

I thought I was dead, and looking down at myself reading the laptop screen. There is a pretty carefully crafted post on US economic uncertainties lying here - it almost seems out of place. Even the comments are uncharacteristic, and I have to say I agree with most of it.

Debt at all levels, no savings. And funky numbers being reported everywhere.

These issues are not going to just disappear, and I’d be hard pressed to think it can just be “worked out.” The problems run deeper than even the face value numbers suggest.

As for solutions, well that is anyone’s guess. But if you could encapsulate the situation into a corporate entity, I might start by taking a walk down to US Bankruptcy Court (and hopefully I was doing some business in New York so I could file in the Southern District).