Wednesday, October 8, 2008

Global Economic Meltdown

Wow... so the lead story on the seattletimes website is:

The Federal Reserve and six other major central banks around the world slashed interest rates Wednesday in an attempt to prevent a global economic meltdown.

Gosh... a global economic meltdown. That seems a like a big deal. For some reason all I'm picturing is lava over flowing mafor metropolitan cities like New York and Dubai. I wonder what will emerge from the wreckage of this global economic meltdown. My guess is that there will be a distrubution of wealth amongst countries. The US and parts of Europe will probably begin taking a back seat to countries like China, Japan, most of the Middle East, and India. This could be a humbling experience for our country. Well, a little humility is never a bad thing.

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