Stocks are down today, about 400 last time I checked. Funny how it has dropped so far, but my short ETF position is still way down.
Am I cheering this on? No. If there is another meltdown, talk is that there will be more QE. These people do not seem to understand that wealth does not come from borrowed money for the sake of borrowing and spending; nor does it come from increasing the monetary base. To put it another way, the government is not the solution, it is the problem. It took another 30 years for the seventies to return. It is yet to be determined if there will be another Reagan to right the listing ship of state.
Most likely things will continue as they have been until something happens that changes the direction of events.
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
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