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I guess Y2K was only about nine years late! Better get some new ammo for my guns locked up in the basement!
Sorry, just trying to inject a little levity in an awful situation. :shock:Be who you are and say what you feel, because those who mind don't matter, and those who matter don't mind. ~Dr. Seuss -
Silly black helicopter rantings...
Liquidity is being pumped into the market in massive volume and at some point (with "toxic debt off the books) institutions will have to lend or they will lose their position in the market place. There is money to be made and the competency between those in charge of monetary policy in 2008 compared to 1929 is not even close.
During the Great Depression the Fed actually tightened the money supply... lol -morons.
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U.S. consumers are fickle and mostly dumb. However there is truth and wisdom in their behavior when analyzed collectively.
The real truth comes in the stock market. Right now it is predicting/discounting a pretty massive economic slowdown.
I personally think while expensive ultimately for the tax payer, all these "stimulus" packages are going to get things humming again. Mr. and Mrs. Smith, who have been scared out of the market, will not return until it has recovered. They will make permanent their current "losses".
Mr. and Mrs. Smith always make the wrong decision in regards to timing the market. Mr. and Mrs. Wallstreet make their living off of the poor decisions of Mr. and Mrs. Smith. The Wallstreets and the Smiths are always on opposite sides of the transaction and P&L Statement.
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