Sadly things are so bad that no one has any answers as to how to get out of this.
I this forces us to go back in history to look for answers. Unfortunately the only comparable situation to our financial crisis is the Great Depression.
I think Obama's 2.5 million new jobs idea is derived from the new deal.
The economic leaders of this country our desperate for answers. I am not a big fan of how The Great Depression was handled either. Ultimately it was WOrld War 2 that got us out of this mess.
I think some of his ideas like offering equity insurance when you buy a house to protect you from depreciation are really good.
3 comments:
He started to lose me with his praise of Keynesian stimulus and the New Deal.
uncle joe
I hear ya.
Sadly things are so bad that no one has any answers as to how to get out of this.
I this forces us to go back in history to look for answers. Unfortunately the only comparable situation to our financial crisis is the Great Depression.
I think Obama's 2.5 million new jobs idea is derived from the new deal.
The economic leaders of this country our desperate for answers. I am not a big fan of how The Great Depression was handled either. Ultimately it was WOrld War 2 that got us out of this mess.
I think some of his ideas like offering equity insurance when you buy a house to protect you from depreciation are really good.
Hello All
Back from the break.
I need to turn on the lights in here and warm this place up.
I will have something up tomorrow. I hope everyone had a great Thanksgiving.
There was no earth shattering news over the break. The Nikkei is behaving pretty well. Its down about 100 points.
I am not surprised that we moved north all last week.
This rally looks exactly like the Bear Stearns ramp job.
We all know how that eneded in May/June.
The collapse is immenent folks, but there may be one more bull run based on "hope" that the bailouts will save us.
The holiday shopping season will be a major bust and once the data is in the market will head south once again.
I strongly suggest that you sell some of your long positions into this rally.
You might not get another chance moving forward.
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