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no denial about speculative bubble but with abysmal savings, lack of educational resources, and near certain evaporation of low skilled jobs not sure - when it bounces back to what level it can go and how sustainable bounce back will be.. fundamental problems must be acknowledged and tackled..

One similarity certainly has to be zombie companies that the government props up, to the hindrance of creative destruction.

I think the industries that are affected aren't the most innovative in the US. No zombie web companies are getting bailed out, right?

A lot of economists have been saying for a long time that overinvestment in real estate is a structural problem of the United States economy. It's sure not clear to me how buying a McMansion in a sprawling exurb increases productivity.