Quote:
Originally Posted by aceventura3
Given the news of the past few days in the financial sector and the lack of confidence that appeared earlier in the week on wall Street, I think in the end these events will again show the resilience of the American economy. The economy is strong and will flourish in the years to come.
|
I hope you are right. The rally this morning and yesterday afternoon seems to be in response to more government oversight. I have a hard time understanding how these large banks and insurance sompanies can be going belly up. Wasn't it obvious that real estate prices were going to fall/correct? Isn't it now obvious that they will fall until the average wage earner can afford to buy with a standard mortgage? Why didn't the leaders of these companies see this? Something is very wrong.