DOMINOES

Dominoes...not the game where you match the number of dots on a tile...the game where you set them up and push one over to start a chain reaction.

1st we had home owners who couldn't make payments on their mortgages and they defaulted...then the stock market went down...then we had mortgage companies that gave out these bad mortgages that couldn't make payments to their creditors and they defaulted...then the stock market went down some more...then we had banks and insurance companies who had backed these mortgage companies and lent money to them that couldn't make payments and they defaulted...then the government gave them some money...then the other banks and lending institutions were afraid to lend money in case things got worse...then the stock market went down some more...then businesses that survived on constantly borrowing money were going out of business...then the stock market went down some more...then other companies started laying off workers...then the stock market went down some more...then consumers stopped buying things...then the stock market went down some more...then retail businesses started going out of business...then the stock market went down some more...then the auto companies were about to default...then the government gave them some money...then???

I expect the next big things to hit the wall are more retail businesses...then retail shopping centers...then municipalities...then ??? maybe insurrection! The outlook isn't pretty.