Arkadyevitchizing America since 2006
By the time you panic, it is way too late -- Lee Raymond, New York Times, July 6, 2008
Every gun that is made, every warship launched, every rocket fired, signifies a theft from those who are hungry and not fed; from those who are cold and not clothed. This world-in-arms is not spending money alone; it is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. Dwight D Eisenhower, 11/16/53
Friday, September 01, 2006
I'm consistently amazed at how poorly I communicate my paranoia and hysteria
"The oldest saw in banking is that bad loans are made in good times," [says Frederick Cannon, an analyst at Keefe, Bruyette & Woods Inc., which specializes in the financial-services industry.] "We have never really faced a weakening housing market with the structure of the mortgage market as it is today."
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