Controlled Demolition - Kunstler

`` Janet Yellen and the rest of the crew in their conical hats might want the markets to fall by a manageable ten or maybe even twenty percent. After all, they probably believe they can tweak them back up in another six months, like the last couple of times. But they can only pretend to calibrate that tumble, just as they pretend to regulate the employment numbers that supposedly represent the real economy of thing, activities, and people. What if the demolition gets out of hand? What if the markets sink fifty percent, seventy? What if the bond market, which is way bigger than the stock markets, catches the infection and goes kerblooey? What if congress, in its raging idiocy, shoots the credibility of the nation in the head by failing to raise the debt ceiling?''