Why should I be the only one?
Stock prices are, however, the least of our worries. The money markets are frozen; the TED spread is 4.14%.
G7 meeting tomorrow, IMF-World Bank over the weekend. Now is the time for major action — an announcement of coordinated capital injections, liquidity measures, and more. If we’ve had nothing except vague assurances by Monday ….
Just think! We may get to be our own Greatest Generation! First comes the depression: then, if McCain’s elected, comes the world war.
I need a drink. I just wish I could still afford to buy one.