Monday, December 29, 2008

anemic recovery?

Jim Jubak says the recovery will be anemic. Well, I would rather have an anemic recovery from our severe recession, than what I see, which is a deep depression that causes financial collapse.

You don't need a time machine to see that things are going to get real bad. This year 2008, the nation of Iceland went from being one of the richest on earth to bankrupt. The Krona is almost worthless.

The time monks with their web bots did predict collapse, but they did not give us the gritty details such as GM going under and riots (look at Greece).

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