One day its nice nice, the next its gut wrenching fighting with no resolution or rationality or kindness. Then its back to good but hours later its back to hatred. This goes on for years and in the end, she's been sleeping with eight other guys and you are broke. You spend 3 years in therapy trying to reassemble the cracked pot and finally you emerge as a completely new and unknown person. God I hate that.
So for at least a few moments today, the market's gonna love you long time.
Here's what I can't figure out, not that there is actually anything that I can figure out lately. How does a $50 billion mortgage aid packege take care of a multi-trillion dollar mortgage fiasco? Is this a pennies for twenties Ponzi.
Reuters: Stock futures point to higher open for Wall Street
President Barack Obama, having just signed into law a $787 billion stimulus package, is scheduled to detail a program that will use $50 billion to help prevent foreclosures.
2 comments:
Good ? It's all just band-aids on a massive bleeding wound. The economy as we knew it is DEAD. The world is now either Rodeo drive or it's a dollar store. The middle class mall is failing everywhere. No jobs, no middle class no middle class society. Trading phony paper deals electronically at the speed of light to the edge of the universe won't bring it back.
China will soon be making crap for itself since the rest of us will be bartering for locally grown radishes very soon now with what's left of our jewelry etc. Remember the scene...Moscow circa 1993? Hordes trying to sell whatever in Red Sq. ( ironic)! The late great Soviet Union implodes like the Stock market world-wide in Oct. 2008 ( Black Oct. as it will some day be known). Why doesn't Obama just fire up the soup kitchens now for 2010? This MOFO is going down hard!
As I talk with people, I definitely get the sense that the recession is sinking in, people understand how bad it all is.
Personally I still think there is a possibility that eventually there is a change for the better.
People have to get creative here. Its probably at the level of regular people that any type of improvement will occur.
Post a Comment