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

[avocado-tom.livejournal.com]

I'll give you "by June" but it could be earlier.

This means it's either a really good time or a really bad time to max out my 401k. ;-)

[glaucon.livejournal.com]

and a great time to have a reasonable mortgage payment on a house you don't mind staying in for a few years.

[glaucon.livejournal.com]

also guns.

[avocado-tom.livejournal.com]

bingo.

If rates rise, I'll be somewhat locked in, but I'm ok with that.

[avocado-tom.livejournal.com]

uh...and food production facilities. go go gadget garden.

[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.

[theklute.livejournal.com]

Perhaps putting our nation's finanical security in the hands of people who can't balance their checkbooks wasn't the best idea after all?

I sure do hope the GOP recommends privatizing Social Security in the next election.

[opadit.livejournal.com]

Didn't the Fed flood the economy with two injections of multiple billions of dollars last week? Seems like the only people who believe in the American dollar any more are Americans. It's like when we went off the gold standard.

I've heard the likely outcome of the current situation compared to the recession of the early 1980s. I'm not that optimistic -- but I've been a millennialist for longer than it's ever been fashionable.

[alice-at-night.livejournal.com]

Silly boy. Of course nothing bad is ever going to happen.

[glaucon.livejournal.com]

Perhaps putting our nation's finanical security in the hands of people who can't balance their checkbooks wasn't the best idea after all?

I can't tell whether this is in reference to the Bush administration, the Congress, sub-prime borrowers, or sub-prime lenders.

this pleases me.

[glaucon.livejournal.com]

yeah, optimistic is a good word for it.
I think we'll be lucky if it only gets as bad as the early 1930s.

[glaucon.livejournal.com]

ha. awesome.

[impudenceisblis.livejournal.com]

i was just thinking this.

thank god we have a house we want for the next few years locked in at a silly low rate and that i bought a gun.

cause video games taught me that once the shit hits the fan you use your ammo sparingly to get better guns from someone else.

add to that bunnies and deer in the backyard (in the freaking suburbs!) i figure we will be ok.