Thursday, October 23, 2008

Derivatives & Debt: The Coming Crisis

The stock market is tanking. People have an impending sense of doom in their gut. Banks are leveraged via derivatives to the hilt and are on the brink of collapse. People are carrying an absurd amount of credit card debt, falling deeper and deeper into the vicious circle of high interest rates and minimum payments.

Is the empire coming to an end? Is it all by design? These are questions going through my head today. Thank God I have NO PERSONAL DEBT.