RE: edge of the cliff

Hi, Glenn-  I tend to go with my guru's (CPL) assessment as to history, politics, the market, bond prices, and roughly everything else in the public sphere, which can be roughly summarized as the "hell in a hand basket" approach.  Why a hand basket rather than, say, a supermarket cart, I haven't yet figured out.  Or as he has also been heard to mutter, "Would that the country were going to the dogs!  It would be much more sensibly run."  Hard to argue with, whether one takes the short run or the long historical look.