Thursday News and Views

One Response to “Thursday News and Views”

  1. Gary says:

    Super investors Buffett, Soros & Rogers think the recession will be much longer and more severe than most people think. Who to listen to? Of course quite a few economists are still under the impression that there is no recession. I think it’s called denial. You know the same thing we saw in the housing market in 07. We atill have 4 more stages to go thru. Anger, bargaining, depression and acceptance. As unemployment continues to rise I expect we will start to see the second stage emerge as the country starts to find scapegoats for our problems.

    If I had to guess I would say it’s going to materialize as anger and frustration that the government hasn’t done something about high energy and falling real estate prices.

    It’s been funny to watch the market complaining about rising inflation when it was the market that demanded lower interest rates in the first place. We conveniently forget that we brought this problem on ourselves.

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