Monday, January 21, 2008

Get Ready

Tomorrow's gonna be pretty crazy here in the good old USA. The Bush Boom blew up the rest of the world today. Bloomberg (01.22.08):
"Almost half of the world's biggest stock indexes fell into a bear market as mounting concern about a U.S. recession dragged down banking and retail shares across Asia, Europe and Latin America."

Stock Drop Pulls 38 Indexes Into Bear Market; Banks Lead Plunge

London Times (01.22.08):
"More than £77 billion was wiped off the value of Britain’s stock market yesterday in its biggest one-day percentage loss since September 11, 2001. Shares across the world plunged over fears that the threatened US recession will undermine the global economy."

World markets plunge on US recession fears

This is not going to be the legacy George was looking for, not by a long shot.

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