Depressed Mode
You are so screwed.
What's approaching now is the Perfect Storm of economics, and no one seems to be noticing it. Three factors are about to collide and knock this country for a loop:
1) The country is already in recession. The fact that The High Priests of The Economy have not yet deigned to acknowledge it, is irrelevant. Ten months from now, when they finally do acknowledge it, you can say you read it here first.
2) The spike in oil prices caused by unbridled speculation. Contrary to what even Walter Williams says, speculation is A Very Bad Thing. Just look at what happened during the '20s. And that speculation is spreading to other commodities. In each case, it's nothing more than a self-fulfilling prophecy.
3) The Bush tax cuts will expire in 2010. This will be because there will not be enough people with the stones to stand up to the tax-and-spend crowd that's still trying to buy your vote with your own money.
End result? A Depression that will begin sometime in 2011.
There are other factors, of course, but those are the three most salient.
Don't say you weren't warned. Keep your powder dry.
posted by Master Doh-San @ 6/25/2008 06:30:00 PM
2 comments
2 Comments:
If it happens the way the Owners have engineered it (just like the 2000-01 recession) oil prices will climb higher as we near the elections to induce as many whiners to vote for the politrickster running for President who offers the most freebees and handouts.
Don't you find it sort of a dead freaking giveaway we always have a recession just before every other Presidential election?
Slightly too obvious.
Obvious to some, but not too the sheeple. Wasn't it Edward R. Murrow who said "The obscure we see eventually; the completely apparent takes a while longer."?
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