152 comments on DrumBeat: December 16, 2008
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152 comments on DrumBeat: December 16, 2008
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Financial Uncertainty: My rational mind tells me how bad things are but I refuse to believe they are that bad.
Wishful thinking, optimism and hope will make the credit crunch disappear and than we can renovate the kitchen, 20 inch rims for my hot ride, big screen HDTV with surround sound, blackberry, all you can eat luxury cruises and that trip to Venice!
It's not really a "credit crunch" this is too benign a phrase and doesn't really indicate the shear scale of the crisis we are experiencing. I think "global financial meltdown" is closer to the truth, follwed by a deep and profound economic depression lasting for years.