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To: Tempest
Pray tell, what is the current situation?

Currently we have a situation where the financial market is dropping sharply, due in large part to bad loans. The recent bank failures have highlighted this. There is a very real possibility that credit could shrink. While yes, this is only possible, it is something to be concerned about. Our economy is already weak and while not actually in a recession it is close.

Another aspect to consider with the current financial situation is that the market is in large part psychologically driven. Uncertainty in the markets is pushing it down even further. If the stock market continues to decline as it has, it is possible that the economy could be pushed further down.

49 posted on 09/27/2008 6:20:05 PM PDT by scarface367
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To: scarface367

Alright, from your response I don’t see the reason for rushing in without further allowing the market to correct itself.


52 posted on 09/27/2008 7:35:45 PM PDT by Tempest (http://www.youtube.com/watch?v=gNlXgzzdJQA)
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