The banks are going to be bailed out again and the market is very short sighted. That will work for a few more weeks..and then the hits will start coming again. We are going broke by degrees.
The welfare state drove the UK broke..just a broke as they were at the end of WWII.
The Fed and the new administration are set to clean the junk out of the financial system. Something W didn’t have the will or the brains to do.
And this go around, we won’t be able to bail them out.