Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
As I noted on Yves Smith's blog, bubbles are necessary only because we've deliberately dismantled anything that can truly be called an economy and replaced it FIRE.  Generating nothing but paper, hot air, and econo-Quatsch is not an economy.  But if we actually started making things again, we might have the masses living other than hand-to-mouth, and people might actually live decent lives.  Can't have that.
by rifek on Wed Nov 20th, 2013 at 09:38:41 PM EST

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