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POPS"Hope" Has a Hefty Price We'll Pay Dearly For Decades to Come
Bailout #1 = failure so lets add another $8billion to $9billion in "stimulus." Only in gov't is a measure shown 2b a failure & politicians shout "Double down!" Ron Paul explained danger of the 1st bailout in 2min http://snurl.com/aw92p History proves that economic cycles interrupted by gov't intervention deepen & unleash stored energy on the public. For an ex. of interrupted cycles just look @ last 8yrs.Greenspan broke 01' recession by turning on money supply (printing money) & value of the dollar has dropped 50%. CBO (Democrat controlled) admits "approximately 12-cents of every $ in the 2009 Reinvestment Act will have stimulative effect." This Pork Bill masqueraded as stimulus passed house but still 2steps u can take in 5-minutes 2 get ur voice heard in Senate http://snurl.com/awoe1 Benjamin Franklin said "They that give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety." Never has that quote been more true.
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POPSThe Fed's Cash Shell Game.. and we're all the marks People keep thinking the gov't is going to save us all. Nothing could be further from the truth. Flooding the system with liquidity has so far failed to stabilize asset prices or income growth. The current crunch was been caused by an asset bubble based on credit. Trying to support or bring it back with devalued dollars supporting failed institutions will only set us up to revisit this same scenario (only much worse) in the future. Loaning money to small businesses while creating inflation only prolongs the pain. Why do so many ppl fail 2 get this? The gov't can't create wealth, demand, or assets; it can only shuffle resources... your & my resources
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POPSCITI Bank looking for more Gov't money Should CITI get more help in form of Gov't (taxpayer) money? Or should they be forced to consolidate, sell off divisions, or look for an outright buyer? Gov't support must reach a point where the market kills off, eats up or absorbs poorly run businesses.
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POPSIs letting the auto-makers go bankrupt a better fix? GM says "bankruptcy not an option" Huh!? No cash & need emergency assistance, doesn't that mean they're already bankrupt? This article gives a good overview of the 5 myths that are going to prolong the pain in Detroit & the cost to us as taxpayers.
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POPSStop the fear! This is no where near the Great Depression Far too many ppl are getting all caught up emotionally in the current financial environment. Fear and emotions are always the main drivers of a market. BIG opportunities await those who keep their heads (and their cash) over the next 18-mos. Although the G3 are in a severe recession that will last at least until mid-2009, and deflation will become an issue at some point next year in the US, Japan and w the Euro -- the early and massive policy reaction will in Morgan Stanley's view will, prevent a replay of Japan in the 1990s or, worse, another Great Depression.
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