I think it will be falling down stairs over the next year. The past 20 years of easy credit surely can't sustain artificial wealth any longer... It seems we are reaching a pivotal moment. I remember in the past it was difficult to get overdrafts from banks. Now we are offered credit cards with $10,000 limits with introductory 1 or 2 % interest rates. Where does all this money come from? The business news on October 16 2007 is looking very concerning.
I feel I want to learn more about sustainable living. Today someone wrote me an email related to sustainability so I feel my writing may be having an effect!
Crude oil at a record high - $84 now per barrel.
http://www.thehindubusinessline.com/blnus/08161305.htm
Big U.S. Banks Try to Restore Confidence in Credit Markets:
http://www.nytimes.com/2007/10/16/business/16fund.html?ref=business
Also I just felt a small earthquake a few minutes ago. I am going to check the news now to see what it was.
Ah, here it is a 4.2 Quake in Mt. Baldy:
http://quake.wr.usgs.gov/recenteqs/Quakes/ci10285533.html
