* Europe Banning the shorting of stocks again... didn't work out well in 2008 likely won't work out here.
* First time since 2008 the market has experienced +400 point losses
* First time since 2008 the market has seen back to back 300+ point losses in a week.
* Same problem, different bank: Bank of America struggles to deal with toxic mortgage assetts and other debt similar to lehman brothers.
* Google and Apple still go up?? Well I guess this is a constant for just about any given year.
* Mortgage insurers back in big trouble
Differences
*This time around the CPI shows that we have experienced quite a bit of inflation, and the Fed is going to have its hands tied a little more this time around.
*As a result of the above, commodities have somewhat decoupled from the rest of the market and aren't expereincing as significant losses.
*Currency issues and default scares are driving the price of gold/silver sky high, which will only get worse with more measures of easing and or threats of default.
* We are in more debt than before, and have more expenses that we can't pay than before.
* People now blame Bush and Obama for the mess. Although personally, I blame fiscally irresponsible political and economic policies put in place since the time of Franklin D. Roosevelt: Creation of the federal reserve, a dollar backed by confidence, political ability to create programs and departments without a means to pay for them, congressional ability to raise the debt ceiling, the keynsian idea that the root of economic growth comes from spending rather than savings, the idea that 2% inflation each year is actually good for the economy, dramatic increases in leverage and liquidity, ect.
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