Wednesday, July 9, 2008

Business as usual on Wall-E Street


Okay before you start reading, let me say this article is nothing about the silly new Disney movie called Wall-E. I just couldn't think of a creative title for this post. Okay so lets move on.

It doesn't take a rocket scientist like Hillary to tell us that the US economy is in dire straits. Your average Joe can no longer afford his groceries. Grandmothers can't afford their denture adhesives. Little kids can no longer get their Happy Meals. And, the Big Banks of Wall Street can no longer afford paying million dollar bonusues. Times are changing, and they are changing fast.

What's going on in the world? India, China, and all of those emerging market countries that were considered unstoppable are all out of gas (no pun intended). In fact, the Indian stock market has taken a 40% drop from it's 2007 highs. The US S&P 500 Index just entered a bear market today, for the first time since 2002.

The Great Bush Era is finally coming to an end and Change is about to enter Washington. Why don't we realize that the economies of the world are all cyclical. Doom is not ahead for The US. The economic cycle goes up and down for a reason and every now and then, countries go into recessions. Now is just our turn.

Lets get real. We don't need to play the blame game on who caused what panic and what bailout. Lets take things as they come for the next six months or so. After that, Barack O-drama will take care of the rest.

This blog is back in action. I know I just made your day with that announcement. So keep coming back to this blog and check out the amazing ads on the page if you know what I mean.

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Dont let Sherif catch you in Rumor puking again hahahaha

miss u bro

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