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July 21, 2008

Grim: "The Global Economy is at the Point of Maximum Danger"

Not over the edge yet, but inching up to it, and one false step can drop us off the rocks.

We could weather this. But it seems to avoid a recession all of the world's policy makers will have to make all the right moves (itself highly unlikely) and then we'll have to catch a lucky break on top of that.

Or, you know, drop the price of oil by $50 per barrel simply by opening up the coasts (and ANWR) to exploration.


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posted by Ace at 02:35 PM

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