|
I've been waiting for years for the proverbial shit to hit the fan. It seems we always got to the edge of the cliff but something always intervened to prevent a fall.
Our business has weathered the ups and downs of the past 15 years. We are dependent on companies spending money. I foresee all but the most critical projects stopping dead in their tracks.
We are dependent on a credit line to pay our employees while waiting for payment from our customers. I see the possibility of our credit line being pulled back while we wait longer for payment.
I see inflation, deflation, loss-of-confidence, a mega-trillion dollar debt, and job losses converging for a once in a generation cleansing of the financial bowels.
It is hard to believe that this might be the big one but it looks to be playing out right before our eyes. Scary stuff.
I'm glad John McCain has decided to turn the page away from the economy to focus on the important issues of Obama's casual meetups.
|