Comments on: You could hear the panic http://www.bluntmoney.com/you-could-hear-the-panic/ Wed, 12 Oct 2011 07:20:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: shadox http://www.bluntmoney.com/you-could-hear-the-panic/comment-page-1/#comment-57075 shadox Sun, 14 Jun 2009 04:47:09 +0000 http://www.bluntmoney.com/you-could-hear-the-panic/#comment-57075 Back in December there was a distinct possibility that the economy would fall off a cliff, as in hundreds NOT dozens of bank failures. There was a distinct possibility of a replay of the great depression. Things were really dismal back then. While you may not see this, things are dramatically different now. There ARE good reasons for folks to feel encouraged about. This is now a bad recession, but at least for now, the specter of this turning into something worse has receded. You want some examples of how things have improved? Just look at the VIX index, the LIBOR rates and the TED spread. It is pretty incredible how far we have come in a few short months. Back in December there was a distinct possibility that the economy would fall off a cliff, as in hundreds NOT dozens of bank failures. There was a distinct possibility of a replay of the great depression. Things were really dismal back then.

While you may not see this, things are dramatically different now. There ARE good reasons for folks to feel encouraged about. This is now a bad recession, but at least for now, the specter of this turning into something worse has receded.

You want some examples of how things have improved? Just look at the VIX index, the LIBOR rates and the TED spread. It is pretty incredible how far we have come in a few short months.

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