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[paxamicus AT earthlink.net]

Eh, you know, I am going to retract. Indie Mac was just the one that  
really threw me lately. The real writing on the wall was when OPEC  
stopped using the USD. That was the handwriting on the wall.

In terms of the Romans, I wonder, too, at what they point they  
realized "Oh, crap, we're going to crash this thing" and then I  
realize, hey, Nero never got it. Maybe people don't.


On Aug 1, 2008, at 12:19 PM, Lisa K.V. Perry wrote:

> On Fri, Aug 1, 2008 at 10:10 AM, Don Bowen <don.bowen AT earthlink.net>  
> wrote:
>
> > To that end I have been trying to come up with a guess on what the  
> > future
> > may look like. So what do you all think things will be like by this  
> > time
> > next summer?
>
> In contemplating next August, I thought back to one year ago and all  
> that
> has happened in the last year.
>
> A year ago the subprime debacle began, though it feels like it's  
> been much
> longer (like the run up to the election). Since then, Bear Stearns and
> IndyMac have failed (or whatever term you call it). Fannie and  
> Freddie have
> been propped up as have countless major banks. Airlines, stores and
> restaurants have filed bankruptcy and closed. We have rising  
> unemployment
> and falling home values in major metro areas. Food costs for staple  
> items
> are up significantly.
>
> It gives one pause....
>
> Lisa
> _