2008 will be remembered as the year we all suffered and suffered BIG TIME. Financially it was the worst year since 1931. And in saying that I’m speaking about the track record for financial data that dates back 183 years. Yes, since 1825, only 1931 was a year in which the S&P declined more than 50%. WONDERFUL…
There were food riots, political unrest in seemingly stable countries like Greece. The underpinning of the civilized structure of the world seems to be under attack, but it is under attack from sources that are hard to find and harder to stop. What can we expect next? OMG I hate to even consider what 2009 will be bringing us.
2008 financial meltdown civil unrest decay food riots
I don’t think of it as something bad but more along the lines of something that needed to happen to make us realize how far out of kilter we are as a society. We are too focused on ourselves and our wants, thus we use credit to try to sustain an unsustainable lifestyle. It all must be brought back into balance.
Comment by Ruralman — December 31, 2008 @ 8:39 pm