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No. of Recommendations: 1

I agree--I hadn't read anything else quite that dire.

I think it was a good interview, with lots to chew on, but while I was reading, I could hear Peter Lynch's disembodied voice in the back of my head, talking about how people in the 70s underestimated the resiliency of the U.S. economy, discussing the impending collapse of the U.S., etc. (wish I could cite the page, though it must be One Up on Wall Street, as I just re-read it).

I'm not dismissing the arguments out-of-hand, to be sure--frozen capital markets sure are a pickle. I just can't help but think this is within spitting distance of the kind of unlikely worst-case scenario that is debated during difficult times.

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