I’ve been worried for a while about the fact that, according to financial reporters, the freezing up of the credit markets is causing a financial meltdown. The world is ending in ice and fire, simultaneously. But this is true cause for alarm:
“The self-feeding downturn now in place shows signs of becoming deeply entrenched,” economists at Citigroup wrote Friday.
Uh oh. we’ve got a downturn that can feed itself and, at the same time, dig trenches.
The fascist octopus will sing its swan song any day now.
Heh. Now there's a metaphor I can get behind!