Brooding about lack of liquidity, the bad credit crunch, staggering hyperinflation, new fears, new losses, and pending outage
December 21, 2007 – 1:07 am
Brooding about the following thoughts:
- The U.S. banks no longer trust each other.
- 500 Billion dollar loan from Europe doesn’t scratch the surface of what the banks really need.
- People are not ready for worldwide shortages of food and supplies.
- Hyperinflation is rampant, as the cost of driving is approaching THREE loaves of bread per gallon.
- The currency markets are about to experience the greatest shock since the Great Depression.
- There is almost no liquidity in the market.
- HKMA continues to oversell Hong Kong Dollars to defend the peg with the U.S. Dollar.
- The credit derivatives market is filled with analysts who do not know how to use a ledger
- Upper management of Fortune 500 companies is packed with individuals who never experienced sacrifice, let alone even read about the Great Depression, its causes or its aftermath.
- Insurance companies are worried about widespread arson; they announced this “concern” as a “risk management tactic”.
- Hypothecating property in business will no longer be accepted.
- Charitable foundations may fold without inflation hedges firmly in place
- The currency will change overnight and will catch world markets by surprise
- Gold will reach insane historical highs only to be stalled by the fact that you can’t eat gold
- Sections of the Internet may collapse due to lack of funding for infrastructure (power and water), in which case, Gopher and Archie may become popular again.
All these figments of my imagination. right?
…
EDIT: Probably. It’s just a bad dream.
I’ll wake up soon. I’m not worried at all. No, really.
4 Responses to “Brooding about lack of liquidity, the bad credit crunch, staggering hyperinflation, new fears, new losses, and pending outage”
what?
you thought i was kidding?
By admin on Sep 15, 2008