It will get better, despite the government.

It seems more than appropriate to share a depression era photograph of Norma Shearer, by the great Cecil Beaton, at a time when America is leading the world into a massive depression, one likely to compete with the Big One for the worst ever.

The coming depression is a good thing, contrary to what our ‘business as usual’ leaders tell us. America is over-levered, over-retailed, over-car’d, over-banked, over-housed, over-medicated, over-lawyered and over-fed. We need a large percentage of the related businesses to fail, bringing down inflation and encouraging savings and capital formation. Because, sure as hell, if you don’t provide for yourself you know the government will not. And I can assure you that no conceivable form of government stimulus will fix what ails us until a broad swath of bankruptcies cleans the Augean stables known as American Retail and Residential Housing. Face it – most people are designed to rent, not own. And no one needs a new iPod.

So enjoy the picture, look forward to going to the movies for $1.50 (it’s called Netflix and you don’t have to drive your foul SUV to see one), forget the vacations (you have had too many as it is) and save your money. You are going to need it.