Recession-Plagued Nation Demands New Bubble To Invest In

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Submitted by LA_Renter on July 18, 2008 - 10:28am

These guys always seem to nail it. This is from The Onion,

"Recession-Plagued Nation Demands New Bubble To Invest In

July 14, 2008 | Issue 44•29

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WASHINGTON—A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to invest.

"What America needs right now is not more talk and long-term strategy, but a concrete way to create more imaginary wealth in the very immediate future," said Thomas Jenkins, CFO of the Boston-area Jenkins Financial Group, a bubble-based investment firm. "We are in a crisis, and that crisis demands an unviable short-term solution."

The current economic woes, brought on by the collapse of the so-called "housing bubble," are considered the worst to hit investors since the equally untenable dot-com bubble burst in 2001. According to investment experts, now that the option of making millions of dollars in a short time with imaginary profits from bad real-estate deals has disappeared, the need for another spontaneous make-believe source of wealth has never been more urgent."

http://www.theonion.com/content/news/rec...

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I think they're trying to
Submitted by Bugs on July 18, 2008 - 10:52am.

I think they're trying to turn global warming into the next bubble, but it's a long shot.

I'm thinking that infrastructure and public works is the front runner right now. Wall Street just has to figure out a way to package it so that they can create a margin to profit from when they sell it to the investors.

If they can figure how to pull that one off then look out; they'll go on to do it with education, health care, Social Security and welfare program they can think of.

Well, there is always that
Submitted by stockstradr on July 18, 2008 - 12:16pm.

Well, there is always that old fiscal stimulus the Republicans love: start another war. (scary thought)

But we also have our democratic run congress to thank for giving Bush another, what, was it another 160 billion for the war. Just lovely. We'll just charge that also on America's Credit Card (which I think is max'd out)

H2O No, not the vehicle
Submitted by cooprider on July 18, 2008 - 3:13pm.

H2O

No, not the vehicle symbolizing the rise and fall of housing.