{"id":194984,"date":"2008-08-05T17:34:00","date_gmt":"2008-08-05T22:34:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/05\/if-you-want-nightmares\/"},"modified":"2008-08-05T17:34:00","modified_gmt":"2008-08-05T22:34:00","slug":"if-you-want-nightmares","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/05\/if-you-want-nightmares\/","title":{"rendered":"If You Want Nightmares"},"content":{"rendered":"<p>Read Mike Morgan&#8217;s essay <a href=\"http:\/\/realestateandhousing2.blogspot.com\/2008\/08\/worlds-grandest-ponzi-scheme-unravels.html\">The World\u2019s Grandest Ponzi Scheme Unravels<\/a>.<\/p>\n<p>He makes Nouriel Roubini, and for that matter me, look like Panglossian optimists, though he does appear to be a short seller, which means that pessimism is his job.<\/p>\n<p>I&#8217;ve shown this scare chart, but it&#8217;s time to show it again:<\/p>\n<div style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/img244.imageshack.us\/img244\/1295\/mootd1.png\" \/><br \/>Total Fed lending to financial institutions.<\/div>\n<p>Pleasant Dreams.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Read Mike Morgan&#8217;s essay The World\u2019s Grandest Ponzi Scheme Unravels. He makes Nouriel Roubini, and for that matter me, look like Panglossian optimists, though he does appear to be a short seller, which means that pessimism is his job. I&#8217;ve shown this scare chart, but it&#8217;s time to show it again: Total Fed lending to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,1004,1089,1164],"tags":[],"class_list":["post-194984","post","type-post","status-publish","format-standard","hentry","category-bubble","category-finance","category-recession","category-teotwawki"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194984"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194984"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194984\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}