Convergence is finally upon us!
- Chinese overheating meet the West borrowing too much from China;
- The Web 2.0 bubble is bursting and may well have entirely flopped by 2:37 pm this afternoon;
- Tenuous consumer certainty in the stock market is evaporating again!
These are the sorts of days vacuous fear mongers like me love. I have been warning you all since the last day of collapse, through all the good times, the wealth generation, the happy years of saving, durable product purchasing and madcap luxury consumption. Now where are those days of plenty – those happy happy days?
Stock markets around the world plummeted yesterday in a wave of selling set off by a plunge in China that was reinforced by worries of weakening economies…
The NYT says it is like someone just snapped their fingers. Who snapped their fingers? Who was it? Was it you? Perhaps YOU!!! We will know better today if this is a blip, correction or the beginning of the endtimes which will see us all drinking tea and putting out but not eating maple leaf cookies at parties as we did back in the 1980s recession.
In other new, Castro’s getting better. Kind of a kick in the goolies day for capitalism all around.