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July 30, 2007

Falling broke


Falling-broke, originally uploaded by Chapple.stephen.

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One of my fears...

My biggest fear lately is that if I get in a Los Angeles traffic jam on the freeway, I'm just going to lose it, abandon my car, and start walking on the freeway, like Michael Douglas in FALLING DOWN.

a warning about the coming financial collapse

Specifically, the hedge funds -- the last bastions of totally unregulated free-market, leveraged speculation and greed -- coming unstuck due to the debt crisis and taking us all with them, a la 1929.

Sell high. If you can.

I've fallen rich, and I've fallen broke, and I gotta tell you, rich is better.

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