My New Blog

We are in for a bumpy week, kids!

Lehman Brothers is poised to file bankruptcy, Merril Lynch is going to be bought out by Bank of America, WAMU is going down next, AIG to follow... The numbers are staggering. Consumer confidence is in historic crisis. Where it will all end I do not know, but it was foretold and it has to happen, a massive reversal of fortune, to bring us all back to economic reality.

This economic unreality is not only in the US. Our irresponsibilities have effected Asia and Europe, as well. This is a global event, an unprecedented cleansing of the books. The Fed meets this week. Most likely will leave the Fed rate as is.

So buckle up!