Adam Ash

Your daily entertainment scout. Whatever is happening out there, you'll find the best writing about it in here.

Thursday, February 24, 2005

Yes, our economy is totally fucking fucked

So I was freaking out about the economy yesterday. Well-timed paranoia, it turns out. Today's New York Times lays it out in an editorial and a Friedman column.

"Given the number of people who have refinanced their homes with floating-rate mortgages, the falling dollar is a sword of Damocles, getting closer and closer to their heads. And with any kind of market disruption - caused by anything from a terror attack to signs that a big country has gotten queasy about buying dollars - the bubble could burst in a very unpleasant way."

Seems like your mortgage payments are going to hit the roof, your living standard is going to fall by half, and you'll never be able to see Paris before you die. Why, when it comes to the economy, are the Republicans always such assholes? They're the ones with the money, why can't they handle it responsibly? In related news, Yale Professor Craphogger has done a feasibility study on living in tents in America's vast forest-lands, and trapping small vermin for food.

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