Phoenix and Las Vegas have grim long-term prospects. On top of oil-and-gas problems, they will have TERRIBLE problems with water and the ABILITY to produce food locally. I SUPPOSE it shows how delusional the public is, and how our institutional CONTROLS have decayed - for instance, lending standards.

Author - James Howard Kunstler

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Phoenix and Las Vegas have grim long-term prospects. On top of oil-and-gas problems, they will have TERRIBLE problems with water and the ABILITY to produce food locally. I SUPPOSE it shows how delusional the public is, and how our institutional CONTROLS have decayed - for instance, lending standards.
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