joie d'apocalypse

[glaucon]

I think it's really starting in earnest now.


When Black Friday comes
I'll stand down by the door
And catch the grey men when they
Dive from the fourteenth floor
When Black Friday comes
I'll collect everything I'm owed
And before my friends find out
I'll be on the road
When Black Friday falls you know it's got to be
Don't let it fall on me


anyone want to bet that the Dow is under 10,000 before February?

anyone want to bet that we'll be eating human flesh by 2009?

Comments

[rojonoir.livejournal.com]

I'm not so gloom and doom on that, but much like when a magician waggles one hand you look to the other hand that's pulling a pidgeon out of his pants, I'm curious why no mention of the U.S. government's debt and how it relates.

I'm no economist, but some quick google-fu shows total world debt at $37 trillion (http://www.globalissues.org/TradeRelated/Debt/Scale.asp) and U.S. private and government debt at $9 trillion and $6 trillion respectively (http://usliberals.about.com/b/a/252689.htm).

Now this whole "credit crisis" thing is supposedly due to banks not lending much money - reducing the supply of credit while demand keeps going up. Isn't the fact that the U.S. public and private debt is skyrocketing and making up almost half of all debt relevant to the discussion?

Maybe I should shut up since talking about the debt due to the war and tax cuts for the rich is probably giving too much aid and comfort to he-who-must-not-be-aided-and-comforted, but I was jus thinkin.