Fantastic short article on why the economy is in the shitter.
[The New Austerity - What's Next 2008 - TIME](http://www.time.com/time/specials/2007/article/0,28804,1720049_1720050_1721656,00.html)
The New Austerity - What's Next 2008
heads up: this is a pretty old post, it may be outdated.