I was listening to BBC Radio about a week or two ago during the Republican convention and they were interviewing this economist from France. Apparently he wrote a book about 10 years ago that was 100% correct regarding future global economic conditions.
They were interviewing him about the current economic climate and the dude got me scared with some of the stuff he was saying about the American economy.
The short version, we’re FUC*ED. I don’t curse so I’m not using that word lightly.
Then fast forward a week, Washington Mutual is going through some things that made me wonder if I should take my money out of the bank and keep it at home. (I don’t have much and it’s supposedly insured, but can you imagine trying to get your money back from the government after your bank has collapsed.)
Then I read that Warren Buffet has basically stopped investing and we have this weekend’s happenings with Lehman.
Times are not looking good for the U.S. these days.
1 response so far ↓
Tesh // September 15, 2008 at 8:32 pm |
I closed out my WaMu account this morning. Now I’m just waiting to see what our mortgage does, since they supposedly hold the bill. (In other words, I wonder who will pick it up, and whether or not we can renegotiate the deal when the new overlords take over.)