Thursday, January 17, 2008

The R word

For the first time in recent memory, ninety percent of the headlines on the bloomberg news site talked about falls, drops, losses, slumps, writedowns, cuts, crash lands and tumbles... (see screenshot below).

A recession is not a good thing - for us or for the world at large (even if a large part of it was precipitated by our scheming banks - yes, I was referring to the subprime mess).

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