Kev H
Literotica Guru
- Joined
- Jan 24, 2006
- Posts
- 749
I don't have the time to expound on this much before real life consumes me, but recent news has me wondering wtf is going on. I did not see any threads up about this in the front few pages, so I wanted to ask those who are more informed to comment on the new happenings, like the Govt bailing out Bear Stearns, and Bush's cautioning not to "oversteer" (ie, overcorrect the economy).
Representative links for reference:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aY2RvFA.yO_Q&refer=worldwide
http://biz.yahoo.com/ap/080315/bush.html?.v=2
I have a ton of questions that unfortunately I don't have time to phrase, but I am hoping to get some insights/discussions rolling. One economist gave the analogy that letting one house burn down (because of their poor choices and failed risks) is dangerous because it can lead to the entire neighborhood burning down. We've always had issues with our credit industries (a typical side-effect of that type of beast?), but why is this case so widespread and persistent? Is it as simple as the combo with the fuel prices? Why does Bush seem to say something opposite to what his Fed Governors are doing?
Representative links for reference:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aY2RvFA.yO_Q&refer=worldwide
http://biz.yahoo.com/ap/080315/bush.html?.v=2
I have a ton of questions that unfortunately I don't have time to phrase, but I am hoping to get some insights/discussions rolling. One economist gave the analogy that letting one house burn down (because of their poor choices and failed risks) is dangerous because it can lead to the entire neighborhood burning down. We've always had issues with our credit industries (a typical side-effect of that type of beast?), but why is this case so widespread and persistent? Is it as simple as the combo with the fuel prices? Why does Bush seem to say something opposite to what his Fed Governors are doing?