Soon, they will be the ONLY thing that matters.(ZT)
(2007-08-06 18:13:49)
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A bursting credit bubble,
A slow-motion implosion of the housing bubble,
The longest period of negative savings since 1933,
Record household debt,
Record mortgage debt,
Record credit card debt,
Record margin debt,
A weak currency getting weaker,
A manufacturing sector that is only 9% of the economy,
Rampant price inflation for NEEDS,
Historically high energy prices,
Stagnant wages,
Record underfunding of pensions,
Humungous twin deficits,
The Iraq quagmire,
A dead airline sector,
A near-dead auto sector,
A comatose auto sector,
The subprime mortgage crisis,
The ticking time bomb of adjustable rate mortgages,
Congress chief accountant stating that the US national debt now stands at $43 TRILLION,
A crumbling infrastructure,
A slowing economy,
Complete absence of corporate governance,
and on and on and on and on.....
At this point, economic fundamentals do not matter.
Soon, they will be the ONLY thing that matters.