by Karl Denninger
Market-Ticker.org
…. the gathering gloom.
Plenty of people — including obviously the stock market and its commentators — believe everything will be ok.
Deficits don’t matter.
The government cannot go broke.
There will never be a loss of confidence.
I travel quite a bit. Like most people I have my habits — places I like, things I go to do and if I enjoy them I’ll go back and do them again. This means I see patterns and, unlike many, I tend to notice them immediately. Perhaps its a blessing — or perhaps a curse.