The Trillion Dollar Question: Looking at the Exact Items That will Cause $1 Trillion in Write-down Losses.
It is becoming rather apparent that the economy is now of the cusp of flying out of control. The Federal Reserve under the tenure of Alan Greenspan always carried an aurora of power that whenever things got silly in the market, the maestro Greenspan would quickly take center stage in D.C. and calm the markets. No one really understood what he was saying most of the time but the markets usually responded to his words. Yet Greenspan was essentially the Wizard of Oz, keeping the Ponzi scheme going until the very verge of the market implosion. No one really believes that the entire credit market meltdown is Ben Bernanke’s fault. Yet many do believe that Greenspan and Bernanke are essentially cut from the same cloth.
The economy is under pressure given that this June has been the worst month for the markets since 1930, during the […]
Original post by drhousingbubble
