More snowballs in hell

Karl Denninger, sent Paul Krugman a letter:

"You were quoted on Bloomie this afternoon claiming it (the recession) would be over by September.

I'm the guy who writes http://market-ticker.org.

I'll bet you're wrong - not a snowball's chance in hell The Recession is over on or before September. We'll go with the NBER's official claim (even though I'd argue its flawed.)

The loser puts on a clown suit and either shows up at CNBC to wear it and admit they're wrong, or, if CNBC won't have the loser, does it on Youtube.

Game?

--
Karl Denninger"

Krugman won't take Karl's bet, but I will!

We've already had the snowball in hell. That's when Berkshire was downgraded! After all, wasn't his biography "Snowball?"

So there's not a snowball's chance in hell that Karl is right!

Because you need a cold day in hell for snowballs!

Now let's see if Karl gets cold feet.