hahahahhahaa shit thats a funny post i thought i was going to read like bread, milk, etc.... as necessities of life
well we just bubbled out of a bubble. debt/gdp ratios at highest levels since late 1920s. add in the explosive use of derivatives which are now rocking the system along with more resets in 08 yet to come. this could be deep, this could be painful and bernanke will be stressed out so much his face will start to go bald.
Unless it is the mother of all depressions (like 1929), recessions tend to be very brief. They've averaged about 10 months since the last major depression. The statistics are out there.
I dunno if any of you have seen this chart, but i just stumbled upon it things don't look good for housing nor financials nor the economy until 2012 if this info is accurate http://calculatedrisk.blogspot.com/2007/10/imf-mortgage-reset-chart.html
TLT (bonds) breaking to new 52w highs telegraphing economic softness while Copper (HG) is breaking key support and falls to new 6 month lows. They couldn't make things any clearer now could they?