Saturday, October 25, 2008

The next great depression...

Well written, and at times humorous look at the current financial crisis. As we watch the Meth system send home full time workers without pay, and try to manage on less income (while the Meth fat cats get their big salaries and bonuses), it pays to try to maintain a sense of humor about it. This article just said it all.

Keith Blanchard
Posted October 24, 2008 | 12:22 PM (EST)
The Next Great Depression Is Here... If We're Lucky


Don't panic — this is just a speed bump. You want to ride this one out. Think long-term. It's a marathon, not a sprint. Keep your money where it is — trust the market. The worst thing you can do is panic.

Reassuring words, which can all be traced, ultimately, to the same dudes who ringed our noses and walked us to the edge of this particular ravine in the first place. The Dow is literally in freefall as we speak, plunging beneath a five-year-low, with no bottom in sight. So here's my open question: Are you guys sure we shouldn't panic?

You know, not that we don't trust you absolutely anymore.

I, for one, think this is an excellent time to panic. I'm strongly considering curling up in the corner over there and rocking like a freaked-out autistic kid.

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