rcraig

Looking for Diamonds Amidst the Rubble

No news is good news.
Why do so many experts know what went wrong now?
How come they couldn't see it several years ago?
If you add all the little problems with the market together at one time you end up with a crisis.
Now, where did I put my crystal ball?

This Is Not "the Big One"

Can't predict what a computer software program is going to do in a crissis.
In my opinion they should be banned from all markets untill we can sort through the chaft. Take a good look at the trends and remeber when the do all software programs were let to the thinking unattended.
Then apply the same logic to the over extention of credit in the housing market.
Software programs calculate odds and work with simple math. They do not think, they do not measure emotional distress, and they do not make mistakes untill they reach a memory overflow.
Good article, and some good coments bar the political bashing. I bet some of you people never make a mistake and have always been right all your life.
At least some steps in any direction away from total financial collaspe is better than standing still in a panic and not doing anything.
It sounds courageous and brave to bash on someone else for anothers mistakes but, what would you do in the same situation?
Some of the blogers give me the impression they skipped third grade when the teach was talking about the checks and balance system in our government.