Reflecting Obama

All Things Obama: Politics, Life, Personality, and Interests
FEBRUARY 9, 2009 10:33PM

An Economic "Jaws"

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This will be a very short post. First a video clip:



Please refer to the graphs and you will see the gravity of this recession. It just plain scares me. The blue line represents the 1993 recession. 2001 is the red line. The green line is where we are at the present moment. I think we're gonna need a bigger boat..




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yeah, that pretty much says it, eh?
i have been thinking and saying "america is living on credit, and any day now the sky will fall." but it never did, over 20 years, aside from small chunks. i almost came to think gravity was repealed.

but don't despair, rome went through financial cataclysms too, and recovered more or less. so even if the sky does fall life may go on at some level.

otoh, competence in mandarin may be a good investment, every home should have a jar full of gold coins, and it wouldn't hurt to put a year's supply of non-perishable foodstuffs in the cellar, either.