The daily DOW is running hard for the October 10th low, and if we breach that, well let's just say it won't be good.
Watching Secretary Paulson and all the central bankers of the world pulling levers like mad men is at best humorous, and at worst pathetic.
The market is going down.
Trying to bureaucratise the market to save humanity does not seem to be working. The parallels to this activity and Atlas Shrugged are amazing. Read the book.
The governments all claim this activity is required to save us from a depression. What if a depression would be a good thing compared to what may happen as a result of this government intervention?
The so called capitalists are not acting any better than the government, as I don't hear too many telling government to get out of the market. Markets work if left to work. That doesn't mean they can't go down and it doesn't mean companies won't go bankrupt.
The strong are supposed to eat the weak.
If we don't cull the bottom end of industry it weakens the entire system as the the strong now have to compete with the government subsidized weaklings. With governments deciding who survives, instead of the market, it puts the whole economic system on a very dangerous path.
A path leading to a place that could make a depression look rosy.
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