3 Trillion is a lot of money to be out of this market! I hope that some of it begins moving back in soon. I have 20+ years before retirement, but I feel bad for those who are (or will be retiring soon)
Blaming the government and mortgage lenders for the current financial meltdown, is akin to blaming McDonalds or the candy aisle at Wal*Mart for making us fat. Yes they offer the product for sale, but ultimately we have the choice of whether or not to buy it.
With the exception of those families who truly faced financial hardships beyond their control (medical emergencies, jobloss, etc.), a significant number of American Families willingly positioned themselves within a paycheck or two of bankruptcy due to their own greed.
Wednesday Outlook: Commodities, Emerging Markets [View article]
That wouldn't be a bad idea at all. Very similar to what they did after 9/11.
Intervention of some sort is inevitable.
Wednesday Outlook: Commodities, Emerging Markets [View article]
Wednesday Outlook: Commodities, Emerging Markets [View article]
With the exception of those families who truly faced financial hardships beyond their control (medical emergencies, jobloss, etc.), a significant number of American Families willingly positioned themselves within a paycheck or two of bankruptcy due to their own greed.