Comrade R writes asks:
"Anyone care to place a bet on how many warnings like this it's going to take?"
I believe I may place that bet and I have the view of a well-regarded financial advisor to tell me when. Jim Cramer responded to one of my emails about the potential dangers of the tax cut one time with a single line. He answered my question and I think he nicely answered R's question on behalf of American capitalism as well as foreshadowing some ideas in Krugman's new book when he wrote, simply:
"We have a big economy, i am not worried until the bonds move against us."
'Nuff said, I guess.
peace,
boddi