via Trader Mark, Fund My Mutual Fund
A pretty interesting roundtable Sunday morning on NBC's Meet the Press, but the opening salvo by Tom Friedman was excellent - amazing when smart people who are not partisan really look under the surface and ask what has changed structurally. He nails it on so many angles, especially the point so many people are missing - our issues did not start in 2007-2008 with subprime, they have been building in the wings for decades.
This is a 21 minute video, but if you only have 2-3 minutes, skip to minute 1:30 and absorb the opening statement by Friedman. Looks like he has a new book out which addresses 'how we got here' in further detail. The only thing I think he missed was the role of automation.
