As the economy teeters between bad and worse, one question looms:
What's the best course of action? Here's what can be done. And what
can't
This is a pretty level unbiased view of what's happening in teh Economy.It feels like this is a particularly sensitive point in time right now.
(...if you're not sure take a look at what happened to the valuation of Bear Stearns over the course of a week)
Technorati Tags: economy
2 comments:
well there doesn't seem to be a paucity of ideas.....it's just that there are no good ones. There are too many factions to keep everyone happy - infact it is impossible....and really who is to say that all should be. Bottom line it goes back to banks and allied companies giving out too much money to people who couldn't afford to pay it back - I did stay up all night getting my homework done to pay my mortgage and would be mad if someone got a free homework pass because they made a bad decision and partied all night. But do I want the entire economy to collapse (or the 40% that mortgages make up)? How much am I willing to give up for that - or allow others to get?
I agree - there aren't alot of good alternatives when the mess gets this large.
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