The new year could well bring the "last blowout of the credit card era", and with it a "fire sale" of U.S. real etate, predicts James Howard Kunstler.
"Investment, after all, is a judgment about future prospects. What are the prospects of a nation that spends way more than it produces, has hocked itself to the eyeballs, and has to pay around two billion a month premium for military security in the Middle East in order to keep those overfed, over-extended "consumers" gassed up for easy motoring between the WalMart and the Home Depot in the suburban gloamings?"
[Language warning.]
Thanks to Michael Dudley
FULL STORY: The Final Blowout
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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