The Smile Before The Anvil
Bernie Madoff's in jail! The stock market is up! Enjoy the temporary dose of relief, because the recession is just getting bleaker. Even fun is now bankrupt:
- The Metropolitan Museum lays off 74 people, and warns of more layoffs to come. We cannot afford art.
- The number of foreclosures here in NYC rose 44% last month. We cannot afford homes.
- Last year, American families lost 18% of their total wealth. That adds up to $11 trillion. We cannot afford wealth.
- The leader of China says he's "worried" about the trillion dollars in US treasuries his country holds. We cannot afford credit.
- Six Flags is on the verge of bankruptcy. We cannot afford fun.
