
Today is the 23rd, a mere 13 days away from the official e-mail date of my December LSAT scores. the Law School Admisisons Council has this nasty habit of posting the scores on their web site several days before the e-mail date with no announcement. Most everyone I know who took the test with me is giddy with anticipation and historically speaking, it seems likely that today or next mon/tues are the likely candidates for the release of the score! I am kind of nervous, but since I got a 163 last time I took it, I already have a fairly solid score backing me.
Well the question of whether or not the US is sinking into a depression is becoming ever more clear: According to Bloomberg.com, the US housing market is shrinking at almost identical levels as it did in the Great Depression (which is a good indicator of us being in one!) To recap, a depression occurs when there is a sustained economic downturn (loss of money, jobs, homes, credit, etc.) and often times the credit market is the first indicator of this happening. Now, this is no reason to panic really. Historically speaking, since the advent of the glorious, self-destructive idea of total free-market capitalism, there has been a wide-spread depression roughly every 40-50 years. That being said, the economy has been due for another one for quite some time.
Here is some advice for those of you with any semblance of income: invest hard, invest heavy. This downturn has about 4 or 5 years left at the minimum I'd guess, and when it bounces back, you could be sitting on a pot of gold if you plan for the future.
Vladimir Putin announced earlier today that "The era of cheap gas prices is ending". He was speaking at the Gas Exporting Countries Forum (GECF) about the rising cost of extracting energy and shipping it. Today the GECF agreed on a charter and established a permanent headquarters in Doha, Qatar. The BBC reports fears of this organization turning into another OPEC-like cartel, which will manipulate prices to gain an unfair advantage in the world and reap criminally large profits at the average person's expense. You can read the full article here.
~David




