We are in uncharted territory.
Just think how bad it would be if Obama had not made all the right choices.
Yeah, the dollar didn’t even go up with the market going down today.
The dollar is dying, and our government is burring itself in debt. And the FED policy of low interest rates going back to Greedspan, encouraged the people of this nation to be as in much debt as the government. And the last leg is the education bubble.
It’s frightening because the causes in the Great Depression were because of things beyond just living in debt beyond your means. In the past if your fortunes collapsed, you alone went down and if it was your business, your business went down. Now it’s all so interconnected that there is no way to avoid being taken down if someone else ruins their life.