They didn’t poll me, but I’m of the same opinion. The economy is going down, and we’ll see the deepening of the Great Depression throughout 2009 and maybe into 2010.
The only good news for the political sphere, is that it won’t recover in time to do Obama any good. That should give Republicans ammunition to convert former Obama voters to a candidate that will do better, as long as the Republicans can convince those former Obama voters that it’s in their best interests...
If they can’t then we’ll get four more years of Obama, anyway...
Just wait till they look at the REITs.
Commercial real estate is next! http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=all
Recipe for Disaster: The Formula That Killed Wall Street
By Felix Salmon
In the mid-’80s, Wall Street turned to the quants—brainy financial engineers—to invent new ways to boost profits. Their methods for minting money worked brilliantly... until one of them devastated the global economy.