Friday, December 07, 2007

It gets worse

We are looking at liabilities in the 600 TRILLION range, not billion. We are looking at unwinding 600 TRILLION in unfunded liabilities at all levels of the global economy. Braying Bernie and his Fed can't print enough money to cover it. The entire economic system can't comprehend it, much less deal with it. Once you look at the harsh realities underlying the global and domestic economies you realize we are like the people sitting in their cars on that bridge in Minneapolis. Take care of yourself since you can't expect any help from the system.