don't worry about the economy
the journal of Michael Werneburg
twenty-seven years and one million words
Toronto, 2012.05.22
Gee, these gloom and doom merchants never let up.
I mean how bad could it really be? Bank runs in Greece and Spain. Hints that JPM may be a Bear Stearns-style house of cards. Total derivatives for the top 25 banks is a svelte $230T. The US operating without a budget this year (once more). Psha. What's the worst that could happen?