World's Slowest Crash

I have been wondering about what history will talk about when they look back at 2008.

I think that they will talk about how greed and stupidity finally caught up to everyone, even those that didn't benefit from the aforementioned. It has been a strange year, We have had failing banks, people losing their homes, stocks dropping everyday - wiping out peoples savings.
All in all not a great year.

One of the frustrating things is the worlds slowest market crash... We don't have people jumping off buildings because it has been a happening so slow and so steady that people don't feel the pain in quite the same way...

We are kind of in the 1929 scenario but it is being played out in slow motion...

All in all I don't think 2009 is going to be that cheerful but there are some things that may turn things around for 2010. First and foremost the change in power will directly impact the outlook in the U.S. I believe that the new president will inject new energy into the U.S. economy but it will take some time to see things to turn around.

In Canada the mess we are going through in Canada will, in the end, have a positive result. This political crisis will get people more involved and interested in the direction Canada is moving in. Again change won't happen overnight but it will happen, to the benefit of Canadians..

-BillC