Odds of US Depression

As we close out 2008 and head into 2009, I thought this was an interesting little tidbit:



Depression, according to Intrade, is defined as a cumulative decline in GDP of more than 10.0% over four consecutive quarters. With many economists looking for -5% to -6% GDP reading for 4Q08, its not that crazy. My how far we have come.

I will honestly try to do more postings in the new year. Happy New Year.

Why Not

A little pre-holiday humor, read the first headline:

Fractional Reserve Banking

In case you weren't already bearish on the markets, the economy, or the entire financial system...this video should do the trick: