It’s been a week. Unless you’ve been under a rock, you know that the US economy has seen better times. You have to wonder how bad things are. As in any crisis, there are mixed accounts. There’s a fantastic list of potential calamities in a WSJ article this morning. This thing reads like a Denny’s menu. How do you like your economic meltdown? Maybe with a nice side of deflation or over-easy with a heaping pile of devalued dollar? Perhaps you’re on a diet and prefer the low-fat tight credit market?
Then of course there’s the bailout. Should we fund the corporate welfare line Darwinism take care of the problem? Honestly, I don’t know what the right thing to do is. It’s a huge tab and I feel like Uncle Sam is reaching into my back pocket for the cash. The pundits claim if we don’t hand over the dough, things will get much worse. It seems to me though that a couple of bald old guys are going to be writing some mighty big checks.
I thought it would be interesting to create a prediction market. What do you think? Click here for my prediction market.
