19.7.08

Not funny.

4 comments:

MikeH said...

I'm not laughing either. We have the same sitch in the UK - both the banks and the goverment seem to have spent their cash and now want us all to pick up the bill.

Not good at all.

Ted Biringer said...

Sorry guys...

I am laughing my @$$ off here!

Sometimes, it is all I can do to keep from crying...

Thanks,
Ted

oxeye said...

it is sad..
whomever is setting policy in the next few years better not make very many mistakes - because it is starting to look like the summer of 1931 all over again. Ron Paul wanted to lose the U.S. Federal Reserve and take America back to the gold standard where our savings would be backed by something other than inept bankers and corrupt bureaucrats. It doesn't seem like such a bad idea now does it? All nations are connected, economically and otherwise. RP estimates that we are only about 10% into this crisis.

take care all..

Jordan said...

Mike,
I think it is going to be a global experience.

Ted,
Thanks for stopping in.

Jeff,
yeah a hard currency would have prevented this, but ole RP was marginalized early on. I suspect his supporters will be the movement to get us back on track. Too bad it will likely get much worse before it gets any better.

Thanks for looking!