Prepare to panic in 3 … 2 …
Don’t step out of lentil line at the shelter just yet, you bums!
There’s a brand spankin’ NEW crisis on the horizon!
::: Woo h .. oh wait. Not good … :::
NYU economist and all-around financial fiasco forecaster Nouriel Roubini
has just issued a code-red high-alert that the Federal Reserve and other money managers are fueling a massive new asset “bubble” that will someday go KAPLOW BIOTCH and steal your savings, render you blind and take away all your TP after giving you the 100-day poops.
::: poop! :::
The Roubinator says the Fed is holding short-term interest rates near zero *NO!* and investors and speculators are borrowing big bucks on the cheap *ACK!* and using them to pick up all kinds of Wall-Streety type shit like stocks, bonds, gold, oil, minerals and foreign currencies – which sounds all *GREAT!* because that means prices go up and mega money can be made which is a big ol’ slice of *SWEET!*, right?
Ya, not so much.
‘Cuz *SHOCK* it can’t last.
Eventually the Fed’ll have to raise rates, peeps’ll be panic-selling their stashes all over the gat damn place and the next big cash crash’ll come down harder than Amy Winehouse after another Blaaaaaaaaaake breakup!
::: FFFFFWOP! :::
“The Fed and other policymakers seem unaware of the monster bubble they are creating,” the economical extrasensory insists. “The longer they remain blind, the harder the markets will fall.”
Time to flex your beggin’ hands, hobos!
Entry filed under: blogging, comedy, culture, education, Gossip, life, media, News, odd, poverty. Tags: beggar, bonds, cash, economy, federal reserve, finance, finances, meltdown, money, News, Nouriel Roubini, people, random, stocks, the fed, thoughts, wall street.