As I predicted last year…

deflation.

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0 Responses to As I predicted last year…

  1. zoe says:

    IT IS CAREBEAR’s FAULT!!!!!! I TOLD YOU SO!!!!!!!

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  2. Betsy says:

    Deflation is great for those of us who are still employed, right?

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  3. Yet at Calculated Risk (just add the www), there are some measures with regard to corporate financing (issuance of bonds) that are improving. But each day more people are unemployed and I wonder how long it will be before the blood letting happens at my workplace. Because I guess it has to happen. Oh, and while I like my new position at my employer, that now makes me the most junior person in the department. Might not have been a good idea to move, yes?

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  4. Wee Mousie says:

    Right, Zoe, in just 30 days he has undone all of the Chimpster’s good work.

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  5. libhomo says:

    Why am I one of the few people who are skeptical about the scope of this recession? I think it is going to be bad, but not Depression level. I seem to recall people in 1982 being as afraid as people are now. Having said that, here are some recommendations for helping to get out of this mess.

    – Raise taxes on the rich and use the money for jobs programs, especially focusing on public works like public transportation which would provide long term benefits for the economy.

    – Pass legislation to fire all the CEOs at the struggling banks and automakers. The legislation should nullify the golden parachutes.

    – Freeze interest rates on Adjustable Rate Mortgages.

    – Withdraw all troops from Iraq ASAP, ending a diversion of US resources to the destruction of another country’s economy.

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