Ephemera

Thursday, September 25, 2008

U.S. bailout in chaos, feds seize WaMu | Reuters

U.S. bailout in chaos, feds seize WaMu | Reuters: "U.S. bailout in chaos, feds seize WaMu"

Just call me Nostrildamnus.

Predictions

1. Washington Mutual will fail this Friday.
2. The Fed will lower rates by 50 basis points BEFORE their next meeting.
3. Current stock market rally is a dead cat bounce. Look for the Dow to sink to 8,700 points in the next 12 months. Expect further dead cat bounce after rate reductions, then much deeper declines as investors lose confidence in government to manage the problems in the finance industry.
4. Senator McCain will continue to stumble around blindly, blurting foolish things.
5. Senator McCain will win the presidency because he is white.
6. History books will mark the election of 2000 as the beginning of the era of American Descendency. Watch emigration to Canada from America increase in 2008.
7. Doom. Doom. Doom!
8. In eighteen months, when things start to improve, we will have forgotten all of this.