Stock market continues to fall...system nears collapse

decides2dream

DriftingByTheStorm wrote:

Someone on CNBC today suggested a New Deal type recovery program where the government floats massive bonds and uses them to fund immigrants and low wage workers to rebuild american infrastructure, like roads and such.

I dunno.

Keynes would say we are already doing what we should be doing -- massive motherfucking inflation. So far we have already thrown around 3-5 trillion dollars at this thing, if you add up all the bailouts, and all the Fed liquidity injections, TAF auctions, swaps, etc etc etc.

We've got a lot of WAIT IT OUT to do just yet.
I see us meandering down to 7500 over the next month or so, and then sort of leveling off maybe back in to the 8000-9000 range for a year or so.

As far as the real economic consequences (unemployment, bankruptcies), there isn't much to do, imho.

We gonna have to suck it up.

when i saw you posted, i was OH so curious to see your response! in all honesty...well said. i think it real is just that....*wait time*....and you bet, suck it up.


my husband and i were just discussing it all yesterday, especially the dismal view of our investments, retirement and just simply our own private nest egg, and you bet......wait time. we had a lot of 'plans' for the not-too-distant future, most definitely now on hold until things improve. if nothing else, i DO hope the past has taught us some lessons, and all out panic does not consume the markets. again...time will tell......




i enjoy all your posts drifting...but i do especially love your sensible posts.