Here’s an article called 7 Lessons from the Meltdown. Good stuff. It’s got all the basic victims, the one losing her house, the one who lost his job and can’t find another, the one who’s deep in debt and can’t get out. Etc.
So I’m wondering. Is this a depression, a recession, a meltdown, all three, or some combination of the two?
Or are we experiencing a recession resulting from a meltdown?
Are we still melting down? Or have we stopped melting?
Are we in the congealing stage? Are we a ruined wax candle, a shapeless blob?
There’s another guy in this issue of Kiplingers who says things can still go much lower, that stocks can go down way further. So maybe the blob will melt more. Maybe someday there won’t be anything left but a flat slab of hard wax, a burnt wick, some ugly matches, and … and what (my train of thought was just interrupted by Comcast calling to pester me about adding services I can’t afford and don’t need).
Oh well, you get it. Melting.
