"We have fallen much further than I thought was possible in even the worst-case scenario, and all risk assets seem to have dramatically overshot to the downside."
Sorry Charlie, this sentence sums up the entire article. This crisis has been a surprise to a LOT of self proclaimed experts. Therefore I don't think we are anywhere close to a bottom... Sentiment doesn't tell me that, submitting to "I don't know, and neither does anyone else" does.
The premises you ought to be exploring is "what have we or will we give up in order to stop the crisis?" I'd suggest that you start with transparency, failure of Congressional leadership through oversight, and the elimination of the Federal Reserve.
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"We have fallen much further than I thought was possible in even the worst-case scenario, and all risk assets seem to have dramatically overshot to the downside."
Oct 12 21:29 pm
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All Comments by Jackson Cash »The Crash of 2008 [View article]
Sorry Charlie, this sentence sums up the entire article. This crisis has been a surprise to a LOT of self proclaimed experts. Therefore I don't think we are anywhere close to a bottom... Sentiment doesn't tell me that, submitting to "I don't know, and neither does anyone else" does.
The premises you ought to be exploring is "what have we or will we give up in order to stop the crisis?" I'd suggest that you start with transparency, failure of Congressional leadership through oversight, and the elimination of the Federal Reserve.