Thursday, October 9, 2008

Be Afraid?

I've been trying to remain optimistic as the global economy rushes away down the drain, escaping to Saipan has helped as have Dean Baker's kind words.

But scary stuff keeps happening...

The Dow ended the day under 8,600...

Krugman was not optimistic...

So will this latest rate cut make any difference to borrowers? Maybe — but only to a few of them. We’re way past the point at which conventional monetary policy has much traction.
And the National Debt grew so large that the Times Square Debt Clock ran out of room.

Think Progress offers the reminder that the Clock ran backwards during the Clinton Administration.

Hang in there folks.

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