@allfreechips 179406 wrote:
With no clear direction on how our money was to be spent, and no plan on correcting the issue not only did we cough up 850 billion of OUR money, the world economy is in a free for all sell off.
the actual reason behind the sell off lies in the fact that these billions wont be given out for another month or so, and that it won’t be enough. too many people were speculating on risky markets to keep their profits up. no risk, no glory they say. but now the time has come to pay for unreasonable risk. besides, the world economy is so interwined with this mess that US is pulling everyone else with them. but it will level out in a year or so…i hope
what does surprise me is that the dollar is strengthening (and i’m all for it). if it collapses then we are all doomed. and the subprime crisis will seem like a piece of cake in comparison to dollar falling.