Oh ma, the markets blew up…

Cometh the crisis, and the big daddy of free markets becomes the biggest hypocrite of all…

Wonder how many more belly-ups are left, and how much further will the Fed go to support Wall Street. At any rate, the way the US Fed is going, PC’s farm loan waiver will be small change.

An interesting graph on livemint showed the Nikkei at 35,000+  in 1989 when the Japanese market crashed. It’s now somewhere around 12000. What goes down doesn’t always go up. 21% of of home loans in Japan was written off then. How cool.

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Posted on March 18, 2008, in Uncategorized. Bookmark the permalink. Leave a comment.

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