Monday, October 6, 2008

Signs of the Apocalypse, Part 3.

This is quickly turning into a regular Monday event.

So, economic turmoil hit the Canadian economy in a big way today. There's nothing that puts your own life problems into perspective like global economic collapse. I just listened to the latest This American Life podcast, which helped me understand just how screwed we all are. Although I could have just read the top 10 headlines at Report on Business, including:

TD to raise rates on mortgages, home equity loans

Why markets are diving, why credit is drying up

Developers struggle to secure financing

Scotiabank projects recession in Canada, U.S.

Loonie slides to 18-month low

On a more positive note, a more positive headline points out that "Out of Panic Come Great Long-term Opportunities." And if there's any sector of the economy that deserves to be taken down a peg, it's the oil sands.

Seriously though, I'm sure we have nothing to worry about... we'll probably all be swallowed by a black hole from deep underneath Switzerland first.

Have a great week!!!


Muskrat said...

I love it that you are the mouthpiece of my paranoid emails.

Seven Star Hand said...

Hey Dooner,

One must understand the truth before any true solution is possible. There's much more to this unfolding story than meets the eye. Be a little patient to understand it and then hold their feet to the fire!

It will soon become painfully obvious, to even the most clueless, that it will be far easier to step away from the deceptions of the past (money, religion, and politics) and finally fix our civilization so it works for everyone, not just for a self-chosen and abominably greedy few. Why should humanity struggle and suffer any longer to repay massive debts and endure great debacles created by amazingly greedy and deceptive monetary and political leaders?

Here is Wisdom...