formerhawk

Bernanke Seems Clueless About the Real State of the Economy

Negative spin, negative spin. Create a crisis, make things really really bad then set yourselves up to be in power because "nobody else can pull the country out of this" or "you're the only one who knows what is going on." I wouldn't believe the left leaning universities or their political hack professors. The reason why Citi needed cash is the investors pulled their money out and the reason the investors pulled their money out was doom saying by too many politicians and so-called experts. I fear for our country and I pray for the real truth.

U.S. Rejects Nationalization of Citi and BAC

apppro, you are right. Somebody needs to do what you said!

Wall Street Breakfast: Must-Know News

eddie- that isn't out of the box, that is how money is normally loaned. Congress just doesn't appear to be normal.

Another Bloodbath?

Gabe, You didn't say anything about oil. Decrease production and the price goes down? That has to be causing Chauvez some real heartburn for a change (sorry side comment off subject). That gives further support to your thesis since that money(or most of it) goes somewhere. So what is this economic engine going to create in the future? Energy alternatives including alternative power for transportation, alternative energy for homes including battery packs that are reusable and are not part of the current power company grid, longer life batteries for anything that needs power, think unpluged from power and don't have to recharge. Health care new diagnostics, less invasive diagnostics, e-healthcare(I don't have to go to your office) although all of the above will require a real shift from the current mindset of the medical associations which will be gotten when their palms are greased, robotic surgery(look at the Davinci), software programs that diagnose. Food, and we will need a lot more of that, pesticides or alternate pest control, fertilizers (think potash last summer), better agricultural chemicals overall, better agricultural practices (we are probably the leader in the world of producing food), agricultural research(think about current problem with bee collapse syndrome) Education, every other country's wealthy send their kids here to be educated and last I checked there are a lot of kids in this world now, requires landguage translation. I could go on. The point is the rest of the world got a taste of middle class affluence. They are going to want more. Darn, I forgot the flush toilet! 2.5 billion people on this planet don't have one of those. Buy plumbing!