Has the world gone CRAZY???
First, Alstry is OK, just recoving from a bad poker night with good friends and too much beer. Time to go back to bloodies. It is simply this, I am just observing the world and am amazed how deep people can stick their heads in the sand and not look up. If you were playing hockey, you would be knocked flat on your back and not know what hit you.
For those of you that thought the dollar would crash after the rate cuts....OOOPS!!!
Metals Stocks: Gold falls for second day as dollar rises
Finally a sensible headline......
Automakers get reprieve; now who will buy the cars ?
Notice how the language has changed from bailout to reprieve.....since when was giving a few dollars to a business so it can prepare for a prepackaged bankruptcy a "bailout." A failout maybe, but a bailout??? Definitely not.!!!!!!!
Oh goody, this will certainly help the fact that these guys can't pay the interest...
Auto makers to get more than $17 billion in loans
Isn't borrowing form one party to pay another party with no possibility of making a profit the definition of a Ponzi scheme???? Maybe our government and auto execs went to the Madoff school of investing.
Possibly these guys will be in the market to buy cars.....
Sovereign Bancorp to cut 1,000 jobs
My friends, in the next few weeks....you will see thousands of businesses, cities, counties, and states running out of money. The layoffs will only increase and the distress will grow.
As I keep saying....never despair....PREPARE.
To end on an optimistic note....before my adult game last night....my 9 year old and I played heads up poker for about a half hour before his mother forced him to bed. In the end he took all my chips on a bona fide bluff. Who said there is no future for our children. But in order for our children to have a chance...we have to set the foundation for them to effectively compete. As this progresses....I am certain we will get there. Let's hope by blogging and socratic discourse, we can effectivey mitigage the pain along the way. Happy Holidays to All.