THE DECADE IN ONE PAGE
Eugene Linden
STOLEN PRESIDENTIAL ELECTION! (DEFINITELY FLORIDA!)
TECH BUBBLE BURSTS, CREDIT BUBBLE BEGINS
9/11
INVADE WRONG COUNTRY, FAIL TO CATCH/KILL PERPETRATORS OF 9/11, SPEND $1-2 TRILLION WE DONT HAVE, AMERICANS URGED TO FIGHT TERRORISM -- BY SHOPPING!
TORTURE YES! GENEVA CONVENTION NO! HABEUS CORPUS HABEUS SCHMORKAS! BILL OF RIGHTS -- PABLUM FOR PUSSIES WHO LIKE TERRORISTS
GLOBAL WARMING? THATS FOR PUSSIES TOO!
SUBPRIME FOR ALL
FINANCIAL INDUSTRY HEARTS LOAN PACKAGING; SELLS PACKAGES TO ASIANS, EUROPEANS, PENSION FUNDS -- AND EACH OTHER
RISING HOME PRICES MAKES EVERYONES CREDIT BETTER THAN AVERAGE!
STOLEN PRESIDENTIAL ELECTION? (MAYBE OHIO?)
BORROWERS GONE WILD EVERYBODY JOINS THE CREDIT BINGE; RISK - WHAT RISK? LEVERAGE = $$$! SAVINGS WHY?
GLOBE WARMS, NATIONS DITHER
YOU MEAN I HAVE TO PAY THIS MORTGAGE?
MY MONTHLY PAYMENT GOES TO WHAT?
CHINA! OTHER BRICS TOO! ICELAND GOOD! IRELAND- GOOD!
HOME PRICES STALL; SUCKERS WHO BOUGHT SECURITIZATIONS GO ON STRIKE.
AUG 2007 CREDIT CRUNCH LITE
NOV 2007 DOW AND S&P NEW HIGHS! ONE MONTH LATER RECESSION!
BEAR! LEHMAN! AIG! TOO BIG TO FAIL! REPUBLICAN PRESIDENT SHOVELS MONEY AT BANKERS, NO SURPRISE.
AMERICA VOTES FOR CHANGE!
AMERICA GETS OLD ECONOMIC TEAM, OLD IDEAS. DEMOCRATIC PRESIDENT SHOVELS MONEY AT BANKERS BIG SURPRISE!
UNEMPLOYMENT, CREDIT CRUNCH, DELEVERAGING!
PEAK EVERYTHING!
ICELAND-BAD! IRELAND BAD! ALSO LATVIA, GREECE, DUBAI, ETC.
GLOBE WARMS, NATIONS DITHER
RIP: EMH, SHADOW BANKING, NEWSPAPERS/PUBLISHING/PRINT, THE GOOD LIFE