kunstler is having an ideal time of saying i told you so, but then again many of us have. the supply and demand sides are both in free fall and where they stop, nobody knows, like a carnival game;

Around the same time that most Americans set their clocks ahead this weekend, something more momentous shoved the world into an epic phase-change, and the modern era, with all its mighty baggage, was finally swept away, along with that single lost hour of darkness. We’re in a new world, and one night later, out on the freeway of history, the engine of the global economy threw a rod. The chauffeur is still standing alongside the stricken vehicle in the breakdown lane, scratching his head while sour-smelling smoke wafts up from the hood.

You’d think that truly earthshaking events like that might change the so-called narrative, but The New York Times was at it again this morning with this front-page op-ed purporting to explain all the sorrows of our times:......read more..........