Archive for August, 2008

Handbasket Report: The Future Is Coming. Be Afraid, Be Very Afraid.

25 August 2008

Sybil just brought to my attention an article in Naked Capitalism, an economics blog. As usual, a blog covers an event one would think the mainstream media would cover–if we had a mainstream media, that is.

The last line of this entry Buiter Provokes Wrath at Jackson Hole, Says Fed Too Close to Wall Street caught my eye:

“And as Cassandras like Nouriel Roubini know, it can sometimes take longer than you anticipate for bad policies to finally yield the expected dismal harvest.”

All I can say at this point is that the harvest strikes me as coming right on schedule and bringing all the dismal fruit we could expect.

That’s why there’s been such quiet here. Even Cassandras need to plan for the future.