Apologies, Rob, for misspelling your name. I know how to spell it. And I
should have written more about the weaknesses evident in the US economy.
But off it went.
Gene
Eugene Coyle wrote:
> The Minsky zone piece reminded me that I've been thinking that Rob
> Scaap's moment has arrived. US consumers have been living on the edge
> and now face much higher costs for commuting, home heating, electric
> power --- all busting the budgets.
>
> Meanwhile car and truck sales have been sustained only by large and
> larger price cuts, and now profits are topping out and slipping. Stock
> prices aren't going up, and lots are going down.
>
> If the US goes, can Europe and Asia be far behind?
>
> This may be the moment that Rob has foreseen.
>
> Gene Coyle
