Forewarned Is Forearmed

I accidentally put the link to Mish's blog up here while learning a bit more about blogging - I was hoping to bring it up as a URL on the left hand side; still, it really is a very good piece, and although you would need to go through some of Mish's previous blogs to get some of the references, it is worth reading this one on it's own. If there was ever a warning from history, Mish has identified it.

The doomsayers have been firmly relegated to the sidelines for the past few years; economists are scratching their heads and wondering how everything has managed to keep going for so long - why no economic correction has occurred following the mal-investment of the dotcom period; well, folks, it will be visiting a city or town near you this year (that's my prediction).