What Will Cause The Downturn To Resume? - 08/20/12

The Wake Up Call show

Summary: The story of the sand pile, the final grain that causes the avalanche. Interesting analogies to earthquakes, eco-disasters, political upheavals. Stability leads inexorably to instability. How to deal with uncertainty. Deleveraging will take many years to complete. All aspects of the economic breakdown are interrelated. Greed led to too much risk and now we must face the consequences. Examining what was behind the meltdown and the financial crisis four years ago. Bad behavior was universal throughout the system – and still is. The Federal Reserve was the major culprit