Nowadays, the airwaves are filled with talking heads who claim to know what went wrong and where things are headed. Personally, I think The Onion, the satirical online news source (and a long-time favorite of mine), has more credibility than some of these so-called experts. In their latest report, "More American Workers Outsourcing Own Jobs Overseas," they detail the real reason why unemployment is rising.
(Hat tip to Fund My Mutual Fund for today's helping of much needed black humor.)
Super Depression is coming according to Yale University Professor Wallerstein
http://www.liveleak.com/view?i=e66_1254933847
Posted by: Fu | October 08, 2009 at 01:55 PM
The desire to exploit the misery of others runs deep
and so does the incentive of revolution.
Of worthy note : the image of a fat white man
exploiting the skinny brown skin
Posted by: roger | October 08, 2009 at 02:11 PM
Michael, sometimes I see things on The Onion and I cannot tell if they are real or not nowadays! That says everything we need to know!
Mark
Posted by: Tradermark | October 08, 2009 at 07:55 PM
Make believe montage are easy to do on TV or video.
This one is obviously a make up
Posted by: roger | October 08, 2009 at 09:17 PM
Roger -- ARE YOU KIDDING? It's called satire -- google it.
Posted by: charlottemom | October 09, 2009 at 09:35 AM
charlottemom your absolutely right,I stand corrected thanks
Posted by: roger | October 09, 2009 at 12:12 PM
In 2010 we will really see how much stress our nation’s economy can handle when the second wave of Option ARM’s hit the mortgage/banking markets. They predict the total value will triple the sub-prime totals. I read a very interesting article on this website www.capstonesuccess.com and from what I have found they are the only firm offering actual investment recommendations for example BUY-SELL ideas on stocks, bonds, mutual funds and all that good stuff. They were saying socialized banking would take place around 2011. We shall see…
Posted by: John10182 | October 13, 2009 at 01:21 PM