Mon 2008-06-30 00:00 EDT

Mish's Global Economic Trend Analysis: Shiller's Keynesian Claptrap

"We are in this mess because consumers and the government were both spending more money than they have, year in and year out, racking up debts well beyond their ability to finance them."

Mish's Global Economic Trend Analysis; Shiller's Keynesian Claptrap.