Is this the end? I don't know. I doubt it. Ever watch the movie "The Hitcher" with Rutger Hauer? It's never over. Until it is.
My title comes from a comment on the linked article from TruthInSunshine:
China + Japan (now both in full blown economic contraction as measured in real terms) are leading the way in what is the next global economic crisis, although they'll be getting a huge assist from the EU (PIIGS+FUK), India, Russia, Brazil, Australia, Canada...and the U.S.
This is what happens when China boils its books, Japan goes Full Krugman Retard, and the U.S., UK and much of the EU block of Member States wipe out the formerly large % of their consuming population that used to comprise their middle class.
Retail massacre (brick & mortar AND e-tailers) happens like never before after this Christmas, then the historic real slam-down in equities, bonds and other credit instruments floated on a sea of CB liquidity follows.
There is so much empty air propping up all "asset" valuations (especially vaporware equity and HY bond asset classes), it's like a house built on a foundation of whipped cream (or cards)...
Worse than 1999, worse than 2007...we now not only have overly-indebted slaves by the record full, and massively over-inflated equity/bond/RE valuations, but the middle class has already been decimated.
I think he sums up my feelings about the situation. I'm not betting against the big boys, though. They have options I can't imagine. War in the Ukraine? War with Iran? The Russian Navy blockading the Strait of Hormuz?