The Street Runs Red With The Blood Of Banks.........Again
Aren't you glad you bought that homemade cooking when everyone was jumping all over themselves to call another bottom in banks? A quick gander on Yahoo shows 86 of 89 financial firms are down today. Again. I'm not sure what that 89 is representative of. Financials in the S&P? But, regardless, it's all good. In the last few days an official or former official of the Chinese government said that if the U.S. defaulted on Freddie or Fannie debt, global finance was over.
Well, I hate to tell you comrade, but even if you don't realize it, global finance is already dead. Frankly, it was dead before it started. The fact that you ate that homemade cooking isn't going to be very appealing when you have to start popping Prilosec. Better take a Prozac with that as well. But, we have to play out the economic consequences of globalized finance until the clowns that created it wake up to reality.
Well, I hate to tell you comrade, but even if you don't realize it, global finance is already dead. Frankly, it was dead before it started. The fact that you ate that homemade cooking isn't going to be very appealing when you have to start popping Prilosec. Better take a Prozac with that as well. But, we have to play out the economic consequences of globalized finance until the clowns that created it wake up to reality.
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