An increasingly infrequent delve into the creaky mental workings of a cynical old man
No kidding... my IRA's dropped half of what they were worth in this crap. Good thing I am smart enough not to put all my eggs in one basket.
Ummm... sorry, that last post was for the blog about the 401k's. lol Anyway, for this one... there goes my paycheck!
Someone's gotta spend some borrowed coin or the government can give the banks all the money they want and it won't do any good. The problem isn't that they have nothing to loan, it's that there are no borrowers.Don't you read Hypertiger? The spending must and will increase or the system implodes.I expect several more rebate checks too, either voluntary go into debt or it will be done on your behalf--the check is in the mail.
The whole thing is moot. Rearranging deck chairs on a ship that's goin' down.... The economy is no longer sustainable. All the bandaids in the world won't help it. The US, and specifically the US Government will be bankrupt in short order....
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