07-14-2008, 02:05 AM
Definitely some wait and see going on this morning.
Sure, the Fed can print money, and that's what is going to happen. I think we can promise that. It's simply an untenable situation to let these two institutions fail. This would destroy the economy, the credit market, and a very large chunk of pension and retirement funds. The problems is that with every dollar you print, it's worse less than the last one, and in this case it's going to be very hard to keep up.
Get ready for 200 dollar oil. That's what the end result of this is going to be, or so I'd predict.
Sure, the Fed can print money, and that's what is going to happen. I think we can promise that. It's simply an untenable situation to let these two institutions fail. This would destroy the economy, the credit market, and a very large chunk of pension and retirement funds. The problems is that with every dollar you print, it's worse less than the last one, and in this case it's going to be very hard to keep up.
Get ready for 200 dollar oil. That's what the end result of this is going to be, or so I'd predict.