I will be clear. The economy in the United States is much worse now than it was in 1929 or in 1973. This will be the first economic collapse to occur following forty years of government intervention in the economy. Government has been supporting asset prices since 1987, off and on at first and finally on a daily basis. Given the gravity of the current circumstances, the coming trouble will likely exceed what was experienced following 1929 and of course 1973. Continue reading