hswalj

The Free Lunch Approach to Finance

Just wondering here if the market will punish this attitude/policy of bailouts. Or is the market now in the process of punishing all this bad behavior. Stock prices re-rated assets to reflect the busting credit boom and the grim view of the next few years. With boomers starting to spend less and debt burdening many, spending less than you make is the order of the day. Congress is socializing private debt. What are the consequences? I don't know. I am all cash.