A Crisis of Affordabiliy

Tim Watkin’s latest post in his blog “The Consciousness of Sheep”  concludes that:

The temptation is to rush out and predict the end of industrial civilisation immediately. But it is worth heeding John Maynard Keynes’ lament that: “The stock market can remain irrational longer than you can remain solvent.” As Tim Morgan at Surplus Energy Economics cautions, we should be careful not to mistake inevitability for imminence. This whole shitshow is going down sooner rather than later; but rather like the game of musical chairs, we will only discover who the winners and losers are when the music stops playing.