[Bill,
September 17, 2008]
Worried?
Nah. Things have been great for a good 25 years -- though we did have some sketchy times in both the early 90s and early 00s.
Both parties have participated in some mind-boggingly stupid decisions (see seven deadly sins, below) and have put our financial system at grave risk. Really, for no reason. The big mistake was dismantling New Deal financial regulations that kept a lid on the excesses.
Are we in for rough times -- I mean really rough times, soup kitchens, double-digit unemployment and heavy inflation? I dunno. Depends if this keeps going or if the Fed has stopped the bleeding.
Both parties have participated in some mind-boggingly stupid decisions (see seven deadly sins, below) and have put our financial system at grave risk. Really, for no reason. The big mistake was dismantling New Deal financial regulations that kept a lid on the excesses.
Are we in for rough times -- I mean really rough times, soup kitchens, double-digit unemployment and heavy inflation? I dunno. Depends if this keeps going or if the Fed has stopped the bleeding.