Erm, maybe not:
It takes real skill to simultaneously screw up munies and the stock market.
One can only hope that maybe some money floods back into the U.S. because of this.
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Got it strapped on tight? Good.
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I saw the finance guys talking about this this morning. We have the world's largest economy so problems bled over to the other markets. Maybe if we get a Democratic President things will turn around. I have a friend who guarantees it!
Dave Briggs :~)
The Fed just cut its interest rate by 0.75 points. Expect the market to recover... for a while. Due to the low interest rate, the dollar will keep on sinking. For us foreigners it spoils much of the recovery.
I pulled out of my remaining US investments last week. Lucky me. Don't expect me back for some time.
"I saw the finance guys talking about this this morning."
I have a few comments over at my blog on exactly this topic, if you're interested.
http://physioprof.wordpress.com/2008/01/22/economic-meltdown-financial-…
saw the finance guys talking about this this morning. We have the world's largest economy so problems bled over to the other markets. Maybe if we get a Democratic President things will turn around. I have a friend who guarantees it