Less oil, less credit: Forecasts 2009, Part II
Jan 2nd, 2009 | By James Howard Kunstler | Category: Featured, Macro Economics, Oil
We'll turn around early in 2009 and discover that we are a much poorer nation than we thought because from now on credit will be extremely hard to get for anyone for anything. The businesses that survive will have to keep going on the basis of accounts receivable. This is ...read more
