You think things are bad now with the economy?

• September 27, 2008

If that bailout doesn’t pass to bring liquidity back to the credit markets…
We’re going back to stone age folks.
Now I am not a fan of the tax payer footing the bill.. although I completely disagree with it being called a “bailout” as its an investment the fed is making on the tax payers behalf… but regardless…the alternative is absolute catastrophe.
If the bill doesn’t pass this weekend….
all hell is going to break loose next week and the consequences for the economy in the long run is 1000s of companies going belly up as the debt markets will be completely illiquid. Ted spreads will be bigger than we’ve ever seen… just brutal!
I for one am sh!t scared at the moment!
Read more at: justblowme.com