Tuesday, March 04, 2008

Subprime Meets Inflation

I'm sure some of you have seen this one over at Barry Ritholtz's blog already, or wherever it was originally published, but in case you haven't, here's the link. This is an instant classic! I'm not even sure how I feel about this, or how I should feel. All I know is that I don't think I'd want to be either the banker or the homeowner. I wonder if the poor guy can get a Euro denominated loan from Jay-Z. Even worse, in a historical sense, is the wheelbarrow remark. If that doesn't show the US headed in the direction of Weimar Germany, I don't know what else does. (Yeah, Barry's got the link to the original over at The Big Picture.)

No comments: