22 November 2008

more dominos teetering in line

MORE DOMINOS TEETER IN LINE in no particular order

Citigroup, Xmas Sales, Commercial Paper, State Budget Deficits, State Pension Funds, City/State Bonds, Commercial Real Estate defaults, Credit Card Defaults, Big 3... on top of the continuing credit crunch, subprime unwinding, and unprecedented (in most americans lifetimes) "economic uncertainty" equals a nation on the "precipice"
which makes me think that a relatively small "push" is all it would take to initiate a replication by the "United" States of the Soviet Union's collapse and dismemberment. and such a "push" could easily be another terrorist attack in early 2009. (as Biden warned ?)