It's narrowing our view to purely historical frameworks that is the greatest sign of our ignorance. We need to think about this crisis, not within the context of the 70s, Great Depression, Japan, Sweden, etc. We need to think about "it" in exact terms of "its" nature. The global element of this crisis is particularly important. The securitized credit element, and the Government's plan to kick start that market are important. This is a crisis that originated in the credit markets and shook the confidence of institutional investors. Let's monitor their confidence as a priority metric in determining any change in credit market conditions. I think the projections of where the S&P or Dow may end are irrelevant for now. Let's focus on the problem, origination of new credit. Why isn't that information published by financial sites daily?
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