I can not recall a time that we have faced the situation we are in. Yes, you could say the Great Depression, but the fundamentals of institutional and personal debt are not the same. The normal economic markers I look at are acting in a non-normal manner. Gold is going up at the same time as the dollar.Mortgage nsurers are looking for bailouts while the interest rates are going down.
I think that Bernanke is moving too quickly for the market, which causes instability. The worst thing that can happen in business is instability. You can't plan ahead with any certainty. You have to adapt a strategy and hope it's going to be the right one.
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2 comments:
John,
Disagree with you on this one. There is always a lag with any action especially a rate cut. This will be the first of many IMO. Same thing with the package congress is putting together. Nothing will stop this mess but many different things must be done quickly to soften it as much as possible. I bet a bunch of stuff is also going on out of the public eye.
Please do not buy gold, let me take it all, for i am Lord Rothschild
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