A World Recession

[cheerfulgreek]

I just want to elaborate on what you said Tom, (I'm still laughing) but right now I think there's an oversupply of housing, automobiles, and other consumer goods, but since no one is buying these days, demand for these goods are less sensitive to changes in interest rates, because it takes years to work these kinds of things out. I just think right now that the United States is facing a financial crisis that goes far beyond what you were saying. I think the problem falls into areas of economic life that the Federal Government can't reach. It's bad now because the problems the U.S. economy faces are no longer just about having enough cash on hand, it's just that we're too ill equipped to deal with the problem.