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Old 03-05-2009, 03:05 PM  
Drake
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Join Date: Mar 2003
Posts: 12,508
Quote:
Originally Posted by $5 submissions View Post
Like I keep saying, if the US follows Japan's lead during the "lost decade" of the 90s, the "bottom" of the Dow Jones Industrial average will be 20% of its record high of 14000... 2800. We're still 4000 points away from the bottom. I hope this doesn't happen and I hope I'm wrong. But I think all these bailouts and stimuli will have MASSIVE unintended consequences.
I agree . . . the consequences of the bailout are playing itself out. It was a horrible move. I sure hope it works (or at least that the economy recovers in the next year, which the admininstration will attribute to the bailout), but I just don't know.
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