You didn't see it coming? In fact, I haven't been very convinced that it was going to happen. What? The great market crash of 2008 has been slow in coming, due in part to the way Americans simply joined the rest of the world in paying more for fuel and didn't throw up much of a fuss. Well, something wicked this way comes.
Now, Lehman Brothers and Merrill Lynch in one day. What more proof does the stock market need to spur the greatest sell-off and stock market fall EVER recorded??? Okay --- sure, I could again be wrong that it's about to happen. If I were to have made a prediction in May, I would have said the crash wouldn't happen until October. And, should I be on the limb making direly necessary predictions (are there NECESSARY predictions?), October 2008 still seems a likely place to start with the undoing of all the gains that the wealthiest people on earth (*generalizing that the wealthiest are Americans, even thought we know that not ALL of the wealthiest are from the USA) have enjoyed over the past 30 years, during the tremendous stock market gains which added and padded their bank accounts and pockets.
However, I'm going to waffle here. It could be this week or next week.
Hey...it could be next February just after the 2008 holiday sales numbers have been double-crunched to find, yes, there really is such inflation, unemployment and an actual undiagnosed-by-the-government depression ongoing, that the market goes down like a four-square ball punctured by a nail.
This is simple:
The economy has already gone down --- but the markets have not properly reacted. Yet.
I hope you all realize that the banks/lending institutions you've been opening are so close to dying that you're ready to merge (again??) with one of those banks which weathered the stormy times 79 years ago and still exists. This is my over-the-side firing shot. RAID YOUR BANKS SOON, or you'll be looking like a scene out of "It's a Wonderful Life" when the townsfolk went to all their lending institutions to withdraw all of their hard-earned monies. They want their moneysworth.
Hard-pressed to come up with a great closing line, he simply says: "Send cash."
Celebrating Blog’s 19th Anniversary
1 year ago
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