On: China's Subprime Crisis Is Here

[lmm]

Those of us who grew up in the '90s naturally compare to that. No Cold War, "the end of history", little in the way of foreign wars (and a remarkably successful one in Serbia where it felt like we were the good guys and were successful with it), an economy so successful that the Clinton administration was having to make plans for what would happen if the Treasury stopped issuing bonds, what felt like a hopeful technological future...

[hackuser → lmm]

It's amazing that one small organization and one isolated, small event (in terms of world history; it wasn't the fall of Rome or WWI) changed so much.

I would argue that our reacttion is what changed us, not what they did.