Its jobs...
ProfR
8/2/2011 6:10:02 PM
I just saw the news after the debt compromise was approved. Each of the senators/representatives interviewed said the next task is "jobs". In this case I agree with them, we need progress on jobs before we can see the stock market improve.
I agree, stimulating long term job growth should be the top priority of the government, now that then end of the world has been postponed in Hollywood fashion.
depressing
driven
8/2/2011 9:22:38 PM
Frightening, depressing commentary Scott. Round and round we go.
Sorry driven but I am a realist.
Debt is the chain around the world's neck right now. Unless somebody finds a way to make it disappear, it will continue to be a problem.
But being prepared does not hurt. I would foresee the next move being the Fed to announce something in the next 20 days (free monopoly money?). If the crisis deepens yet, expect some sort of global gathering of the world's bankers to sort it all out. It truly is a global problem.
Call all global bankers
ProfR
8/3/2011 7:52:58 AM
Interesting.
On the "call all global bankers", the Europeans have been meeting for some time related to Greece, etc. It seems progress has been pretty slow. Adding the US and other global problems to this would not make this move any faster. What would change this and lead to some progress across the globe?
Re: depressing
tokyogai
8/3/2011 9:47:29 AM
I agree that debt will be a worry for some time, but how long will fear rule the markets? There is some harsh reality, but the reaction looks like pure fear. I think that will be subdued in a fairly short time.
"What would change this and lead to some progress across the globe?"
Total currency/bond/market chaos, which appears to be happening right now...
Crushing continues
impactnow
8/5/2011 1:12:22 AM
I like many investors today are feeling the crush continue to a painful level but is the sell of the depth of today really necessary or was it a fear driven hysteria based on a tense week and the reality that the economy is not getting any better in the near future? I like many investors still believe in our portfolios for long term growth however today was a day of reckoning….
Re : Markets Crushed as Red Flags Abound
yalanand
8/7/2011 2:17:56 PM
Scott do you think U.S. credit rating will be downgraded even further in coming days ?
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