View Single Post
  #20  
Old 03-15-2008, 10:49 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default The Depression of 2008

Posted By: Andrew

Yup, put me in the contrarian camp...it's the "sky is falling", media negativity snowball that will get us there, and without such fanning of the flames, the scenarios of which you speak might not even occur. A true "Depression", really? On that note, the financial press here is much less dramatic. I was recently in Asia and the analogies and word choice use by the English accented reporter used were just hilarious, over-the-top "sell the farm", "batten down the hatches" type commentary.

I'm sure many of you are waiving your finger (when it's not clicking the remote between Fox News and MSNBC) with gloom and doom. Sorry, I didn't jump too high when threat alert was Orange and I didn't don the gloves when opening my mail during the Anthrax scare.

...if I'm dead wrong, then I'll be sure to sell my cardboard before heading to the soup line.

"Take your life in your own hands and what happens? A terrible thing: no one to blame." -- Erica Jong

Reply With Quote