Here is a clip to watch, the interesting part is about 7 minutes in, so forward to it and don't waste your time with the rest of it.
I have posted interviews with Mr. Rosenberg before, because our views are very similar.
This is a blog, you know, I feel no journalistic responsibility to be fair and balanced...at all.
Notice how at the end how the other commentators on the show almost apologizes for Mr. Rosenberg's "depressing" view.
This really bugs me. He is doing not being "depressing", he is simply pointing out facts to an audience that is in complete denial.
Denial will not help you. It is like a drug. It will make you fell better for a few minutes, or hours, but it can't save you from reality.
We must accept what is coming, prepare for it, deal with it, and find innovative ways to prosper within it.
A protracted period of falling prices (a depression)is the only thing that will "heal" this overstimulated, over consuming economy we live in. It is a healthy correction.
We must accept it, learn from it, and evolve accordingly.
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