For the last little while, I’ve been following the events in the financial markets with much fascination. A lot of people are sweating and swearing, but I’ve been able to distance myself from this because I am not immediately affected by the fiasco due to 1) being in Canada, and 2) not heavily invested in stocks. You could say I’m a stowaway on the no debt, no savings boat.

Of course I am casually aware of the long term effects of a broken US economy on Canada and the world, but there’s not much a person like me can do being poor and not a voting American. So all I can do is watch the great show unfold.

This really seems like a once in a century event, maybe the Great Depression to our Pearl Harbor 9/11. Without being educated in the field, it seems to me that everyone is holding their collective breath until the economy collapses or the U.S. government bails them out economy collapses. I really do want to see what would happen if the U.S. has hyperinflation in a skip-to-the-end-of-the-book type way. Too bad I can’t warp to 2050 and read the Wikipedia article.

Posted by Kevin in Blogs Tags: stockmarket, usa, worldissues