Although the news around the financial crisis continues to worsen, an equally important and self-perpetuating component of this crisis is people’s reaction to the news. Where We Are In The Crisis To re-iterate: It has been obvious for two years that a recession was inevitable, and it is likely we will see more losses for [...]
As all of you are now aware, the proposed bailout Bill did not pass. Here are some thoughts on what was a difficult day in many ways…even on a day like today, though, there were good moments for all of us. I hope we can focus on these moments rather than on the negative. I [...]
It is worthwhile to read this accurate, though somewhat pessimistic, take on the proposed bail out, and why it is a bad idea: Why You Should Hate the Treasury Bailout Proposal I am starting to come to a more moderate conclusion: Given how bad the economy is going to inevitably get, anything we can do to [...]