Kath H.

Stocks Plunge, Again

Looks like the Yuppie/Baby Boomer crack party is over. Actually it is just beginning. In most of the world when things go very bad, people buy gold; in the U. S. when things go very bad, people buy drugs.

Think of These as Short-Term Troubles

One interesting thing is that while exports have been the only saving grace in the U.S. economy, the dollar is now strengthening, causing harm to the export business. The Europeans seem to be decreasing the value of the Euro in order to improve their exports. So the U.S. just smiles as our economy tanks more: fat, dumb, and happy.

As for the Bailout, and it is a bailout, the purpose is to extend our massive reliance on credit. One does not cure an addict by refilling his crack pipe.

No Wonder the $700 Billion Bailout 'Deal' Failed

Excess liquidity is the problem. Too many people and businesses living on credit. What does the bailout due to cure that problem? Nothing, it just delays the day of reckoning.