The headlines scream depression - we still have economic growth. Just what would the Democrats and Dead Stream Media talk about if they couldn't talk down the economy?

Economic growth for who? The middle class is still slipping, the poor are still poor, there's still a trillion dollar war to pay for, and Bush is still in office. Not much BOOM in all the real places. And to top this VERY short list all this good stuff is being reported by the WSJ. I don't trust a single word from that rag.

I think, if I were a gambling man, I would stand to make a pretty penny taking those odds. I'm not a pessimist in a general sense but the writing is on the wall. There will be no money left for anything but debt in (I think it is) 15 years. It's time to pay the entitlement piper.

Yep, 10-1 sounds good odds on a bet that the bookies were only offering 10,000 - 1 for a month or so ago.

In fact, when I think about it, 10-1 is amazing contrasted with the risks that the professional gamblers in the global casino (aka investment strategists on the stock market) took with ordinary people's hard earned cash. I'm off to the bookie's.

There will be no money left for anything but debt in (I think it is) 15 years.

I should have said ther will be no money for anything but interest on our debt in 15 years.

By the way, abailart. You can really place bets on this?

@wilhelm: I am not a betting person but I believe you can easily get a spread bet on a specific number (e.g. SE index) at a future date. Not an economist either, but think you can bet on recession indirectly if not by hedge funds/future, then investing in the businesses that do well in recessions. Debt collection agencies, undertakers etc.

I'm betting on the Euro.