«-- Odds 'n Sods: | Main | Retreat Owner Profile: Mr. & Mrs. India --»
Economics and Investing:
A couple of years ago, I created the acronym MOAB (for "Mother of All
Bailouts").
I predicted that once started, it would "continue to grow uncontrollably",
but even in my worst nightmares, I didn't fully anticipate this headline: Financial
Rescue Approaches GDP as U.S. Pledges $12.8 Trillion. I have trouble imagining
the enormity of one
Trillion US Dollars. That is quite
a pile of money. But $12.8 Trillion? To borrow a line
from Bart Simpson: ¡Ay carumba!
JHB forwarded a link to this government psychology site: A
Guide to Getting Through Tough Economic Times. But I have a much better
suggestion than just some psychological platitudes: Read the Bible and
pray hard! To understand
Christian
faith, I recommned starting by reading the
Gospel of John.
Janet sent this: Dig
in: Market won't get much worse
Items from The Economatrix:
New Signs Emerge Showing Recession May be Nearing Bottom
Dow Jumps Above 8,000 for First Time in Two Months
G20 Gives $1 Trillion to Fight Global Crisis
Obama Hails
Summit as "Recovery Turning Point"
G20 Leader in Talks to Bury "Free" Markets
G20 Summit: Leaders Target Bankers
Weimar 1923 May Have More Lessons than US 1932
Russia, China Cooperate on New Currency Proposals
G20: US Dollar Funeral, US Failed Debtor
Soros: If G20 Fails, Global Depression Ahead
Credit Card Write-downs Hit Record High
US Private Sector Axes 742,000 Jobs in March
Layoffs Nearly Triple Last Year's Marks
Ban Ki-moon (UN Secretary General): I fear a looming catastrophe
Red
Alert: Redefining the Global System "These summits are not just about
photo-ops and handshakes. Taken together, this array of diplomatic meetings
constitute the greatest density of decision
points in the modern world since the summits that brought about the end of
the Cold War....This is not a debate that will be resolved by the end of this
summit (if at all), leaving G-20 members and the struggling economies watching
from the outside with the impression that they have little choice but to fend
for themselves in this severe economic environment."
