If you are to believe the pundits and financial commentators the end of the western economic model may be at hand, OK not all of them, but the DOOM and GLOOM and naysayers are out there. Is now the time to panic? No, it is not.
From the Blogosphere:
- Preet over at Where Does All My Money Go writes today about the single largest bank failure in the U.S. so far and how in Canada we have only had 2 small banks fail since the early 1900s.
- Michael James on Money wrote about Understanding the Current Financial Mess, at first I thought he was writing about my finances, but found out it was a Big Picture story .
- Ellen Roseman write about How to Invest in a Bear Market (two), pick your “bargains” wisely.
- Larry MacDonald asks the same question, Are Stocks a Bargain Now? , my answer is, I’ll tell you in six months.
No Fraud Payback Yet
Still have no resolution on the fraud on my bank account, and no payback from my bank yet either. Hopefully this can all be cleared up fairly soon.
Thanks for the link. Funny to think that AAA rated debt which went bad is the same rating a Government gets… Hope something is done about the ratings agencies. Seems possible that investors just assumed they knew what they were doing.
Stop aiming low, you need to shoot for the fences, you can squander that much money, I have confidence in you!!!
Thanks for the link. I don’t want to appear greedy. I’ll accept a low, low, $7 million for some bad debt.
Give me a week, I can blow that kind of cash in Vegas in less than a week, but, there can’t be any video of it!
That is more than Canada’s National Debt, the Canadian Government could blow that much, and end up about $100B ahead of the game, which they’d blow on Hockey Cards and Penny Whistles
Thanks for the link. Any ideas how we could create some bad debt for the US government to buy from us at inflated prices to get our slice of the $700 billion?