Monday, 29 September 2008

My wallet says ouch.

The stock markets are tanking, the banks are falling like stacks of cards, the politicians are pulling in a 1000 different ways at once, the Treasury Sec has revealed himself to be incompetent, the fed has made inflation a serious concern, and houses are going under faster than they went up.

Oh, and with all the babyboomers wanting to retire soon, we also have that looming social security crisis waiting for us.

So. The US. Screwed, or just doomed? Discuss.


Alaskan Dave Down Under said...

I think it'll be a rough 2 or 3 years, but y'all will bounce back. Provided the fiscal policy (Hands Off Hoover!)of the last 8 years isn't followed... ahem.

KC said...

I keep thinking back to the cleaner commercials. The old Hoover vacuum commercials went `Hooveeeeer: Nobody does it like yooooOOO!` So when all these people are bringing up him in relation to our current adventures in macroeconomics, I start thinking they're missing part of the refrain: `Hooveeeer: there's a reason why we didnnnnnnn't!`