dow has crashed, page-22

I just came across this excellent quote in an article at

http://www.financialsense.com/fsu/editorials/sutton/2009/0227.html

It sums up the situation fairly well:


"In the end, the financial crisis of 2007-? will be summed up as a fairly simple process:

1) Confidence shaken
2) More debt accumulated to maintain confidence
3) Confidence further shaken
4) Even more debt accumulated
5) Confidence lost BECAUSE of all the debt accumulated ""