All Posts Tagged With: "world economy"

Not surprisingly, consumers are in trouble…so are the banks than lent them money…and so are the countries where they live. Nine of these nations – an Eastern European bloc – got together and asked the European governing council for help. They said they needed $380 billion to get through this crisis. Angela Merkel, speaking for the French and Germans, said no.

Here’s a thought: if Washington can set salary caps on Wall Street because taxpayer money is involved, why can’t the rest of America set salary caps on American legislators? Those clowns get government money every single day. They even spend money they don’t have by robbing from generations of unborn Americans. And they’ve run regular structural budget deficits for decades!…

Yesterday, we posed a ‘what if?’ It was not a prediction; just an exploration: what if the world economy goes into a long, slow, soft Japan-like slump? What if stocks continue to go nowhere? Yesterday, the Dow lost 139 points, after several big gains in the last few sessions. Up. Down. Up. Down. Stocks are down 15% – 20% all over the world (except for Shanghai’s big 50% loss) for the year. Over the last ten years, markets in the East and emerging economies are still up.