March 10, 2008
– Comments (5)
I am grateful to OPEC. This is my only hope for a recession in 2008, because the housing thing is a scarecrow and the banking crisis can't do much when Bernanke is so generous...
OPEC is surely helping it along, but I believe we'll do just fine with our own home-grown recession... most everyone (that is to say, the none-too-smart) is tapped out with fewer and fewer sources of easy credit.
The other shoe is on its way down, Uncle Ebenezer, Jr.
Well, I don't have a HELOC to worry about, so it will be fun to watch my rich neighbours going bancrupt. :)
Do you have any money in a bank? Do you live in a city? Do you live in a state? Do you own any Real Estate? Is you money in dollars? Do you depend on customers or renters? Are you employed by a government or private business?
It might be fun to watch yourself go bankrupt too.
alstry, an economic upheaval is always a good thing for you, as long as you lose less blood than your neighbours.