November 05, 2007

Happy Market Monday

The economy is in a slow motion crash that could come due right around the time one of these Democrats that isn't warning about it now starts feeling comfy in the Oval Office. The house that Sachs built on low/no-down adjustable rate mortgages is falling, banks are less willing to lend and ever more formerly AAA paper is being written off as unrecoverable. The government is naturally hiding the fact that the economy sucks.

I guess I don't have to care. I'm so buried in non-dischargeable debt that my best hope for paying it off in a reasonable time frame is Weimariffic inflation. Looks like Christmas for me, but the rest of you, I don't know. Start keeping bullion in a sock, or something.

Posted by natasha at November 5, 2007 01:26 AM | Economy | Technorati links |
Comments

As of this posting, inflation of the money supply is 16% since last year.

Posted by: vsync at November 5, 2007 07:25 PM