Well, it looks like the economy is starting to fall apart. Too much foolishness on too many levels. Profligate government spending, very lax credit standards, “creative” investing and of course a housing bubble. (thank you, ownership society). I don’t know enough to be able to say if this could have been avoided. At this point I suspect that their isn’t much that can be done to stop it.

What will be the consequences? Certainly that will affect the election, it will be very interesting to see how.

This entry was posted on Thursday, January 17th, 2008 at 18:35 and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.