Latest headline today on Yahoo finance is that the market is down 300 because people are having doubts the bailout can stop a recession.
Let me disabuse anyone out there with any shred of doubt. I have talked to alot of business people. I have personally seen sales drop off in my own business.
Have no doubt there will be a recession. A deep one. Its about time. The money supply has been expanded at prodigous rates reducing the value of our scrit rapidly. Its time for a long era of high interest rates to suppress excessive mindless speculation.
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