One reason my investments are holding their own is I listen to Bill Gross. His facts and analysis are excellent, although I abhor his advocating for govt bailout. (Technically, his solution is socialism, which supports my theory that Marxists make the best analyzers, but offer lousy solutions to the problems.)
Mish Shedlock is better on solutions, and he also makes clear the crimes being committed. Gross say the banks need to raise a trillion... Mish shows how they are stealing it (his recent posts on Washington Mutual are breathtaking)...
in any event, "be self-employed or be standing in line" will be the mantra soon.
Thursday, July 24, 2008
One Trillion Mortgage Losses?
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