Wall Street Journal on Our Current Situation

If you are wondering how the Great Depression relates to our current financial downturn, read this article in the Wall Street Journal. In fact, read it even if you're not wondering about it. This line from the article sums it up for me.

"Leverage," as the laying-on of debt is known in the trade, is the Hamburger Helper of finance. It makes a little capital go a long way, often much farther than it safely should.

Well said. I haven't become a survivalist yet, but I am becoming more convinced every day that we are headed for some tough times.