Wednesday, March 15, 2006

 

Need + Urgency

In a Comment, William P. Fisher, Jr. adds "need + urgency" to the requirements for a "tip" to occur. Perhaps those will be the implosion of the Housing Bubble:

combined with the huge personal debt, trade imbalance and overspending by tax authorities. When the crunch comes, there will be an urgent need to fund "what works" in a measureable way and ditch the rest.

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