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04 August 2008

We want unsound investments and we want them now!

From the Onion : Recession-plagued Nation Demands New Bubble to Invest In. Some likely candidates for the 2008 bubble: undersea mining rights, postmodernism, illegal immigration futures, "widgets" or fairy dust. Anything really, as long as it can create massive, unsustainable debt while triggering a burst of good old recession-busting spending. One of the experts cited in the article, who works for a prominent bubble-based investment firm, reminds us that "the American economy cannot exist on sound investments alone." How very true.

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