Monday, February 2, 2009
From a shorter's eyes
This bear market started only less than a year ago, now people have already talked about the recovery? This crisis is far worse than the burst of the internet bubble, which took 3 years to truly hit the bottom and was ended by invasion of Iraq. Now the interest rate is down to near zero that means the Fed is out of ammo; or maybe we should start another war? We can't, Americans are extremely poor now, all their hopes are upon China, which has its own problem to solve. Or we can boost some other sectors? Without a sufficient banking system, which one can we boost? Maybe I am just too stupid, I just can't see the light through the tunnel right now.