Only 4 more months to Christmas!
Maybe by that time, everybody will be broke!
After spending most of the day in triple digits in the black, the markets headed south again before the close. This is the kind of thing you get with a bear market. Are we there yet? ( in a whiny child voice ) Nope, junior, we aren't there yet. Maybe another thousand points and we were be in official bear territory. Bwah, hah, hah!
Well, I shouldn't laugh my evil laugh. Before it is all said and done, we could all be said and done.
There's people out there calling for more quantitative easing. It only proves one thing... The economy is hooked on easy money and debt. There's no wealth creation going on here, but the opposite. You don't get something for nothing, but tell that to a liberal who believes in Keynesian theory.
Negative interest rates? Nope, it won't hold up for long. People will stop putting their money in banks and the banks will fail. It's the thirties all over again. People putting their money in mattresses.
More debt? Gotta pay it back, don't you know? If you try to default, you become like Greece. They'll own you.
You gotta do what John Houseman of the old Smith Barney commercials said: You have to make money the old fashioned way, you have to earn it! Try telling that to a liberal these days. Try telling anything to a liberal these days. They know everything.
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