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  • A Fed Rate Hike Won't Solve the Current Crisis
    T. Boone Pickens has emerged as the sole bi-partisan leader in 2008. Of course he has his own monetary interests in the outcome, but wouldn't you invest in a mutual fund in which the manager has millions of his own cash invested in it?
    Jul 24 11:06 am |Rating: 0 0 |Link to Comment |View article
  • Bust, Bail, Repeat: The U.S. Enters into an Ever-Worsening Cycle
    I agree with your points luckychucky, but you are ironically guilty of bashing the name caller by calling him names.

    Nonetheless, there is every reason in the world to be negative. Investors intuitively prepare for the worst possible scenarios, so sentiment in our current situation should not be surprising.

    To me, it is worthless to point blame on what has been done in the past because it is over. It seems as if the Fed and Treasury have also come to that conclusion. Regardless of whether they caused this to happen, would you like for them not to clean up their own mess (via taxpayer dollars, an issue I understand is incendiary) and watch those American doomsday scenarios play out?

    I am not extatic with the Housing Bill because of its implications on our country's debt levels and related problems, but realistically I do not see they had any other alternative. The word "contagion" became commoditized with Bear Stearns, but without any intervention, do you truly think this situation would not have spiraled out of control, especially when you consider all of the factors going against us? With our debt levels so terribly high and other countries only increasing their surpluses, it would only be a matter of time that this disaster would denegrate our position as a global leader. They did what they had to do.

    People's expectations of instant relief are unrealistic. This mess is going to take time to unravel. Institutional intervention goes against free market theories, but what if the United States were the failure of this sorry episode that most free market individuals invite to signify the end of a downturn? Would you complain that the government should have done something? Probably.

    I am not saying everything is rosy and great, because it's not, but I do think these initiatives will help this country in the long run - with one asterisk. These officials need to verbally acknowledge the need to position this country to be an effective global leader in this new economic paradigm and follow through on it. Can this happen with partisan politics? Maybe, but if they do not make changes, all of these current initiatives are for not, and they will only compound our present troubles. Think more in the long term, not in the short term.
    Jul 24 10:35 am |Rating: 0 0 |Link to Comment |View article

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