Friday, November 28, 2008

It’s Not Just the Economy, Stupid

The main problem with the economy isn’t production or employment – GDP for the last quarter declined by just ½ of 1%, hardly Great Depression levels. It’s the fear of illiquidity, which will probably lead to a near future bout of inflation.

On the other hand, even as the Iraq war fades into victory, we’re faced with an Indian / Pakistani shooting war, as well as nukes in Iran, North Korea, and Russian offers to do the same for Venezuela.

Guess it’s not to surprising that Lightworker Obama is busy stocking his cabinet with old Clinton and Bush hands, rather than the likes of Cindy Sheehan.