Shifting faults. Germany can’t hold together tectonic States. Euro on the brink. Asia shaky. America reverberating from shock waves of government dysfunction. Confidence cratering. Liquidity tight long term. Banks, large corporations doing more with less. Big profits. Sitting on cash. Where to put it? What’s going to replace dinosaur industries? There’s nothing on the horizon to mend the cracks. The world is flat, a whole earth economy. It’ll be quite a while ’til the global aftershocks subside. Market value 10,500.
I sound like Art Bell. It’s the end of the world. Well, it might be until at least 2012. Then, either the Mayans are right, or there will be a new seismic bubble.
S&P Downgrade? Who is the least qualified to cast judgment? Rating Agencies. See Paul Krugman’s litany here. I agree. See SideBizness.