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.
Roger Wiegand: 'Severe Bull Market' Ahead for Gold [View article]
I've never been a big fan of investing in gold because the premise of it having intrinsic value is lost on me. Like any security, bond, currency, commodity, or service, gold is only worth what someone else is willing to pay or trade for it. I
And as far as that goes, 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.
Roger Wiegand: 'Severe Bull Market' Ahead for Gold [View article]
And as far as that goes, 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.