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Bailouts, bubbles, and bear markets
The bailouts have not halted financial institution failures, but have quickened the pace of failures.
As the stock market bubble was bursting in 2000 I suggested that readers keep notes or a journal, because someday they would be telling their grandchildren about the bursting of the tech bubble and its aftermath.
It’s only eight years later, and we have the potential for even more dramatic stories for our grandchildren than the 78% plunge of the Nasdaq in the 2000-2002 bear market.
If we believe one side, we might see the nation plunge into the next Great Depression.
What’s scary is they have some…
30Sep2008 | Street Smart Report | 2 comments | Continued
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