Dramatic Drop in the Dow

A person told me that he was tired of seeing men in suits talking about the stock market. That is like saying I am tired of hearing about our losses in Iraq. There is an economic war going on and we are losing battle after battle.

How did we get here? Well, lots of companies use “off the books” financing and nobody is the wiser. However, there is a saying that a high tide covers bodies and when the tide goes out you can see them.

With all the minmadoffs running around you know things are not good, and as more banks fail even the skeptics will have to admit that things are getting worse. However, we see that some people are using name calling, they want to turn a conversation into a confrontation, instead of searching for solutions. By playing the blame game no one benefits, because we need to figure out how to get out of the hole.