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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That bond issue to build a new school or road just became more expensive. Say hello to higher property and sales taxes or cuts in services. Strap on the ol' thinkin' cap and I'll get to 'splainin' it.
Got it strapped on tight? Good.
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No.
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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