Wednesday, August 08, 2012

MY BRIEF TAKE ON UNCERTAINTY'S EFFECT ON THE ECONOMY

In Forbes, James K. Glassman writes that uncertainty about Federal policies is hurting the economy and I replied thus:
The real uncertainty is whether or not there is a LTCM about to go belly-up OR that some stock analysts are creating another dot.com bubble OR that accounting firms are covering up for another Enrom or Worldcom OR the rating agencies are giving “AAAs” to junk OR banksters are fixing LIBOR, etcetera….

2 comments:

Ken Hoop said...

http://nymag.com/daily/intel/2012/08/goldman-dodges-another-bullet-sec-drops-case.html

You heard about this outrage?

Steve J. said...

This is Robbery Under Law!!!