I haven't been around much because work has gone absolutley insane in the last 10 days. I mention that because it directly ties into the topic.
I do not see a depression looming. Recession, yes, depression, no. Money will not shrink, but the economy is going to have to slow, even if the Fed cuts rates soon, like they almost certainly will. The "bailout", which by the way will make Bush a socialist on par with Lenin without the pesky revolution thing, will most likely look very different than proposed. From my perspective, the idea of it is more important than the actual thing, but if it gets through Congress intact (which it might), it will create a new bureaucracy whose scope I have trouble imagining and whose reach would be incredibly deep into the lives of the "little people".
That said, I have never seen the insurance market behave like it is, nor did I even imagine it could do so. I may have more to say on that later, but I doubt how interesting casual observers would find it.
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"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." - B. Franklin
"There ought to be limits to freedom." - George W. Bush
"We have met the enemy and he is us." - Pogo
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