Why aren't we jumping out the windows yet? From the Independent:
One UK economist warned that the world is now close to a 1930s-like Great Depression, while New York traders said they had never experienced such fear.
A trader in New York said: "Everyone is in a total state of shock, aghast at what is happening. No one wants to talk, let alone deal; we're just standing by waiting. Everyone is nervous about what is going to emerge when trading starts tomorrow."
In the UK, a senior market strategist said on Friday night: "We have all been talking about a 1970s-style crisis but as each day goes by this looks more like the 1930s. No one has any clue as to where this is going to end; it's a self-feeding disaster."
Am I the only one who feels like the world is merrily sailing into a complete disaster and we're all totally oblivious? A huge investment bank that had its shares at $30 a piece last Monday was just "rescued" for $2 a share. What the f***? This is not comforting.
Eating chips is the only solution. Pringles. By the can. Don't stop until the can is empty.
Then open another can.
1 comment:
...should I be making plans to jump off my roof any time soon???...oh, wait, with all the snow at the bottom, it's basically just stepping down...hopefully the market won't crash till the summer. Want my plunge to be successful.
JAW fan
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