Four Arms (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} vakratunda) wrote,@ 2008-09-26 11:20:00 |
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In Case You Were Wondering Why Your Bank Went Out Of Business...
So where do we go from here? The answer to this question will center on finding out just how far-reaching the impact will be, both in the United States and around the world. The best situation for all parties involved remains one in which the U.S. economy does well, unemployment stays low, personal income keeps pace with inflation and real estate prices find a bottom. Only when the last part happens will we be able to assess the total impact of the subprime meltdown.
Basically, the best thing he government can do right now is nothing. The suffering will eventually be over.
They won't, of course. They will do something to make it worse. The People demand it!
And it will get worse.
.
So where do we go from here? The answer to this question will center on finding out just how far-reaching the impact will be, both in the United States and around the world. The best situation for all parties involved remains one in which the U.S. economy does well, unemployment stays low, personal income keeps pace with inflation and real estate prices find a bottom. Only when the last part happens will we be able to assess the total impact of the subprime meltdown.
Basically, the best thing he government can do right now is nothing. The suffering will eventually be over.
They won't, of course. They will do something to make it worse. The People demand it!
And it will get worse.
.
