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  • Bond Expert: Thursday Wrap [View article]
    "more and more it seems likely that the resolution of this crisis will be an historic financial calamity."

    I hate to say it but I agree. And perhaps for the first time in history it will be one that occurs globally and simultaneously.

    I'm not a doomer, well I wasn't, but my immediate concern is the food distribution system here in the US. It is well known that at any time there is about 3 days worth of food on the shelves and in the chain. Credit is how trucks and ships get loaded. Motor fuel would disappear as it would be commandeered for trucking. Things would grind rapidly to a halt. Martial Law. We've never been here before.

    Anyone care to offer alternatives, given a systemwide credit stoppage? I'd really like to hear them.
    Oct 09 17:36 pm |Rating: 0 0
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