Instead, I'm going to write about what I fear will be the more likely scenario, deftly summarized by the author of "The Long Emergency," James Howard Kunstler.
Why present such a negative view when I could write about things so much more positive? Because we simply must look at all of the possibilities, and Kunstler's been dead-on for years.
Heres' a sample:
"I shudder to imagine how things will play out now as we turn the corner into 2008. Not to put too fine a point on it, but my little walnut brain can't imagine any scenario in which the US economy doesn't end up on a gurney in history's emergency room. It's not necessary to rehash the particulars of the Greenspan bubble-blowing disaster. The outcome is what concerns us. The web cables have been blazing for months with arguments as to what form the workout will take. There's little disagreement about the fundamentals at the housing end of things."Read the whole enchilada here.
The shift we've hoped and prayed for may not look anything like we imagined, and could be very, very expensive and dear.