Yep! But no rescue plan can work long if the bleeding keeps goin

The rescue plan is just a strong and quick prescription to get a jump-start for the stock market, which has been pushing the whole thing into recession. It's scary, people have started to compare it to the great depression. The plan is good compared to not doing anything.

But the plan comes with a huge cost: the only way to finance it is just have Feds print the blue bucks -- a big drive for inflation. In this way, US is going to dilute the dollar, and we all dollar holders lose a bit to get the stock market stand, and get the economy move forward -- creating jobs, at least not to lose jobs.

It's just a quick solution, if the bleeding is not stopped at the wounds in Iraq, nothing can work for long -- the US simply cannot afford that kind hopeless long-term engagement. The only solution is pull the troops out and get it over, but this is going to be something that should be done, but one needs to be very careful to talk about it. And there are tons of really bad consequences the US has to swallow done by doing that, moral thing includes many allies will just be killed right away, loss of credibility for next inevitable conflict.

But the problem is: just let it keep going (because it's too politically risky for anybody), then just as you said, the US will bleed to slow death (and we gotta find somewhere to make money:)).

所有跟帖： 

• Then what's your plan with your 401K and stocks? -全信书- ♂ (0 bytes) () 09/21/2008 postreply 18:07:07

• Here it is -ntking- ♂ (692 bytes) () 09/21/2008 postreply 18:19:24

• Who is the company's professionals? Your co-worker? -patricia_432- ♀ (0 bytes) () 09/21/2008 postreply 18:31:19

• I meant: what's ur strategy for oncoming months? -全信书- ♂ (170 bytes) () 09/21/2008 postreply 19:26:58

• I keep it the same way -ntking- ♂ (1130 bytes) () 09/21/2008 postreply 19:58:05