Posted by
Andrews on Monday, October 13, 2008 11:17:09 AM
At this moment, as i write, the Dow is up nearly 500 points. So I have to wonder, what new bad idea will the government find to "help out" investors and make sure the Dow closes down another 500 points?
On the other hand, if they restrain their urge to help us to death, perhaps this is the start of the recovery
I have been predicting for a few days. I as said several times, this "crisis" is really nowhere near the catastrophe the news and politicians have been pushing, it is hardly the next "Great Depression".
Well, at least it isn't if the politicians can leave us alone long enough to recover. I suppose if we get another FDR who decides we need constant meddling it could very well be the excuse Washington uses to create their own depression. I only mean that, on its own, this is
hardly enough to cause the economy to collapse.
POSTSCRIPT
Rather than litter this post with links, links to most of my writing on the "crisis" and bailout can be found in my post "
One More Senseless Defense". My earlier writings on the "housing crisis" and "subprime crisis" can be found in the (nowhere near complete)
blog index, under "economics".