Wednesday, January 6, 2010

Brilliant post by Denninger

I am a chart twittler, trader, portfolio manager and business person. I talk about moral hazard, unsustainable policy and the fact that WE HAVE LEARNED NOTHING from the crash.

But here is Karl Denninger digging deep and explaining the mechanics of why the system is doomed in a way that people can understand. If this does not force people to connect the dots and get pissed off, I don't know what will. This guy goes much deeper than the usual cartoons out there all over the major media.