Stocks plunged yesterday, if you have not been watching the news. We as a country lost TONS of money. Or rather, more accurately, corporations lost tons of money
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Honestly, I find myself agreeing with the republicans *shiver*
I think it will work itself out. The market was overinflated and it's working out it's kinks. This was bound to happen, just like the dot com crash. Stocks are based on nerves and projected consumer confidence... and people are nervous right now. Not all banks are in bad shape... there are many that are sound because they didn't do the same foolish shit as the others. I say let them fail instead of rewarding bad fiscal policies.
i never agreed with the bailout package, but i haven't been keeping up with the stock market.
personally i feel as though things will work themselves out. they always do. and if there is a crash, gasp god forbid, doesn't that leave room for a new economic structure to take it's place? i'm not well versed in the ways of economics, or global economics for that matter, but i think our consumer market is destined to fail at some point. it's not ecologically sustainable.
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I think it will work itself out. The market was overinflated and it's working out it's kinks. This was bound to happen, just like the dot com crash. Stocks are based on nerves and projected consumer confidence... and people are nervous right now. Not all banks are in bad shape... there are many that are sound because they didn't do the same foolish shit as the others. I say let them fail instead of rewarding bad fiscal policies.
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http://www.time.com/time/business/article/0,8599,1845209,00.html?cnn=yes
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personally i feel as though things will work themselves out. they always do. and if there is a crash, gasp god forbid, doesn't that leave room for a new economic structure to take it's place? i'm not well versed in the ways of economics, or global economics for that matter, but i think our consumer market is destined to fail at some point. it's not ecologically sustainable.
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