me and my nostradamus

In other news – LI’s estimate of a three trillion dollar recession is the same sum talked about in Martin Wolf’s new Financial Times column. We get to that sum in different ways – Roubini, who Wolf quotes, comes, as it were, from the grassroots up, estimating the fallout from an extreme estimate of mortgage failures, whereas LI came to it from the top down, taking the figure of the excess of consumer spending and borrowing over income over the last ten years. Well, my fine readers, there you go – whilst some might take this for amateurish wankery, others will find my figures to be eerily prescient. Why? Because every night, the ghost of Nostradamus visits me and whispers sweet apocalyptic nothings in to my ear.

It is the only way to do predictions, man. Oh, one other thing Nostradamus told me: Bear Stearns is toast. Or was it that he said all men will turn to toasteating as the Angel of Death, looking remarkably like Gloria Graham playing in a movie that prefigures Elliot Spitzer’s downfall, sounds the last trumpet? I couldn’t quite understand the lang d’oc he was muttering in.