|
A recession is almost certain due to the lack of credit. The bailouts may soften the blow, but it will still come. And, unfortunately for most of the rest of the world, if the US goes into recession, many exporting countries will be hit very badly as well, since we buy so much from everyone else. Japan, for example, is currently shitting its pants incontinently in fear of a bad US recession. And I mean no sphincter control left whatsoever, just look at their Nikkei index crash over the last few days. One piece of advice is, whatever you do, don't sell stocks into this crap storm unless you need the money now. In a few years, values will be back up and we'll all be laughing about this over pina coladas and pedicures.
For now, just everybody hunker down, pass the ammo, and don't touch my stuff.
|