Black Monday

from the Huffington post:

Former Federal Reserve Chairman Alan Greenspan offered a woeful outlook of America's economic situation on Sunday, saying the crisis with the country's financial institutions was as dire as he had ever seen in his long career, and predicting that one or more of those institutions would likely collapse in the near future.

"Oh, by far," Greenspan said, when asked if the situation was the worst he had seen in his career. "There's no question that this is in the process of outstripping anything I've seen and it still is not resolved and still has a way to go and, indeed, it will continue to be a corrosive force until the price of homes in the United States stabilizes. That will induce a series of events around the globe which will stabilize the system."


This is gonna hurt. bad. I am amazed our country has spent the past 2 weeks debating whether Sarah Palin looks like a pig in lipstick, or whatever. Our economy is now (PREDICTABLY) falling apart around us. Perhaps preemptive war and the Bush doctrine should be looked at ECONOMICALLY as well as militarily. Perhaps we should listen to Tom Friedman.

I think the world's getting flattened this morning. It certainly seems warmer already.....