Links – 5 Doomsday Scenarios for the U.S. Economy, the “Good Life Card”

Originally published at Notes from the bunker…. You can comment here or there.

Interesting article about some rather likely-seeming events that could be the death knell to what is left of our economy.

To see where this re-recession might begin, my colleague Dan Indiviglio and I imagined five financial earthquakes, each with a single epicenter: housing, consumers, toxic assets, Europe, and the debt. The following five scenarios are listed in order of likelihood.

And once your economy does start going south in a big way how do you keep the populace on board with your hope-n-change? Introduce a ration card with a catchy name:

Presented by President Hugo Chávez as an instrument to make shopping for groceries easier, the “Good Life Card” is making various segments of the population wary because they see it as a furtive attempt to introduce a rationing card similar to the one in Cuba.

When the rationing starts (like, oh, say, health care rationing) thats the canary in the coalmine telling you its time to make for the lifeboats. You do have a lifeboat, right?