and the smart money is jumping in so fast that stocks, assets and the dollar are screaming back up as folks can't get in fast enough through a narrow window of opportunity [/sarcasm].
Do you have any clue exactly how much worthless US$ denominated paper is cramming the vaults of the rest of the world? It was our #1 export.
“Do you have any clue exactly how much worthless US$ denominated paper is cramming the vaults of the rest of the world? It was our #1 export.”
Hmmm. I believe the #1 export in paper from the US was porn? All kidding aside we had best pray we do not see any serious WMD attack on our country or see the ME go up in a fireball. That will be the tipping point for economic crash and burn. Unfortunately, our enemies know this also.
I see a way out. Make alternative energy THE national priority. Accelerate biofuels and coal liquification to the nth. If the worst case scenerio does unfold, our country could still ship vital food and medical supplies to prevent anarchy.
If all stays calm and we simply see a deep correction/recession then the competing product would help reduce our consumption and lower oil prices. This would create a lot of jobs and with full government support investors would flock to jump in. Win-win either way. The real issue, greed and foolish, premature notions of the new world order. Let’s play who wants to be an God fearing American leader, shall we?
You are referring to CDOs right? Bundled mortgages....not just home mortgages either. It seems commercial mortgages got bundled too though not on the same scale.