My response to this Business Week article:
MindfulCapitalClub
Jul 28, 2009 3:35 PM GMTThe lack of resources will eventually force us to make the switch from a credit-based system to an equity-based system. Instead of possessing Mini-Coopers, we'll have access to Mini-Coopers. When we stay at short-term lodging, the capital cost of the stay will go into a capital account -- our own -- rather than going towards debt service and building up equity for investors who are taking huge risks due to the prevailing capital structure. Boomer retirement funds -- indeed, all retirement funds -- have up to this point gone towards making a few folks and their interior designers ultra-wealthy. It's not sustainable and it's not even that gratifying.
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