Re: (1 year) yeah maybe... Barring the other shoe doesn't drop.
The unforeseen that dominoes every small bank in the nation. Maybe credit cards? Maybe it's something as simple as a panic run on the banks after a specific incident. I don't know.
I'm very concerned with what is lurking in the wings. There is a real reason for the urgency in getting this so called "bailout package" together in a hurry but we don't get to know ALL the real reasons. I have a feeling it is to make two or three big banks survive what is to come down the road and the bailout package isn't going to save the small banks in the long run. I'm not trying to scare anyone. I will not pretend to know what to tell anyone
what they should do with thier life savings
but I'm spooked.
The bailout package, when finalized, will cause a big rally in the markets.... It might be starting now. The rally may last a month, two months, or so and could be a good time to liquidate our saving. Here in where lies the confusion of being liquid... What is your dollar worth if the economy goes into a depression? What is your dollar worth when everyone makes a run on the banks to get thier money out in a panic and the banks close the doors (we have no more money). I do not know what the real meaning of being liquid is if the worst comes. You could by gold but not on paper. You would need to have the gold in your hand for it to have any value. From what I understand taking possession of large amounts of gold takes a while. You may want to start studying this.
I can make money on the way down but what will my dollar be worth when the market hits the bottom if the holding company of my trading account (Bank) doesn't go under?
The dollar slides down the sh$ter... I remember seeing news clips awhile back this lady was pushing a wheelbarrow to the store to get groceries full of dollars. The dollars were spilling out and she didn't stop to pick them up "dollars worth much much less than a penny".
The smoke screen;
The dems and the reps are currently arguing what to do to get the deal done... both sides want to insert pork and a rush to get it done. If not done right could hamper the recovery it is intended to spur. In the end both sides will agree on things they wished they had not... down the road. All in the name of GeterDoneNowUrgency
Whats really going on?
I would like to have the meeting mins that took place between Paulson and the congressional leaders that stunned them silent.
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