I don’t think we’ve hit rock bottom yet, we will have rallies along the way, and nothing goes straight down every day or every month or every year even, If you go back to the 1930’s there were few rallies along the way, even though things did not get better for a long time.
I don’t know when this problem will end, I am afraid it’s going to last for several years mainly because some governments the US and the UK are making a mistake after mistake after mistake, in the 1930’s many governments made mistakes so we had the great depression and the second world war.
The way they are going now, this is going to last for a long time, they are making the same mistakes the Japanese made in the 1990’s by probing up the zombie companies and zombie banks and you are going to see just like in Japan it didn’t work and this is not going to work either.
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well said! thanks Jim for being honest,wish wall street would they say oh the resection has ended and there is green shoots ya for the sheep to graze and then be turned in to lamb chops/// so much deceit and misdirection what in the world are we turning to ?????????
ReplyDeleteWith all the money (mis)directed for bail outs, once the economy picks up I am concerned for the coming inflation. Obama's attack on investors chasing taxes on any one able to produce profit, we are doomed. The Chrysler BC and the Feds direct involvement is a bad omen.
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