Monday, September 29, 2008

we are experiencing a very serious, global contagion - and, without this plan, it will get much worse

we needed this plan, like yesterday. now, without it, the stock market will now reflect a series of assumptions:

1. worldwide economic collapse;
2. a depression that is a sequel equal to the Great Depression;
3. many, many more bank collapses than we have had already; and
4. much more unemployment and many, many foreclosures.

i'm a stupid optimist, i guess, because i still believe that they can pick up the pieces somehow, but I cannot hide my thoughts that we have an economic disaster on our hands. here's hoping you don't need your 401k money for a good long time, and, that you don't need your job either...

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