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Great post.
I see everything more as a changing of the guard.
There will be plenty that survive, but there will also be new big players in town.
Those that roll with the punches, never give up and keep their costs as low as possible will weather the storm.
There are going to be plenty that wake up and see themselves on the outside looking in, but that is happening across the US and in many parts of the world in all types of industries and across all walks of life.
The people I feel sorry for are the ones who tried to do everything right but still fell victim. I do not feel sorry for the ones that pissed their money away and took things for granted.
Money is a drug and it is easy to abuse.
These times are going to be a wake-up call for many. It can also be a great learning experience to those that are humble enough to recognize it as such.
Karma will start biting a lot of people in the ass. It will also start paying off for some worthy folks.
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