Welcome to the late game, Mr. Volcker, it is about time you joined us!

Updated January 9, 2010: I lied. It is a big one. A big, bad one. Mr. Volker is still an idiot, however.

It seems that, despite being quite a bit behind the rest of the free world, Mr. Paul Volker, former Head of the Fed, has announced that the United States is in a recession.

Hmmm…you don’t say? Are you sure? Because I am not so sure!

Come on, man! I mean sure, the sky isn’t falling, but we have been in a recession for a bit now. Not a big one, but one is here nonetheless!