The Market's Fictitious Infallibility [View article]
Yes, let all companies go bankrupt except Walmart, hospitals, and gas, water, energy companies. That makes complete sense. What would that entail, 75-80% unemployment?
All of the doom and gloomers who seem happy that a depression may be on its way, or the 100 year bear market Paul Farrell foolishly is calling, don't realize that if anything a tenth as bad as you are calling for there won't be a market in 100 years. At least it won't be the market out there now. Long before that there would be widespread war(and not the near past type of war, but a war where countries took control of the land and resources of their winnings) or there would be a completely new system implemented.
Walmart is part of the problem and you want them to be the only company around.
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Yes, let all companies go bankrupt except Walmart, hospitals, and gas, water, energy companies. That makes complete sense. What would that entail, 75-80% unemployment?
Dec 07 21:23 pm
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All Comments by CJJ »The Market's Fictitious Infallibility [View article]
All of the doom and gloomers who seem happy that a depression may be on its way, or the 100 year bear market Paul Farrell foolishly is calling, don't realize that if anything a tenth as bad as you are calling for there won't be a market in 100 years. At least it won't be the market out there now. Long before that there would be widespread war(and not the near past type of war, but a war where countries took control of the land and resources of their winnings) or there would be a completely new system implemented.
Walmart is part of the problem and you want them to be the only company around.