You know, people need to quit thinking that what's happening on Wallstreet has anything what-so-ever to do with the "real economy", or what's happening to the American People. This up and down rollercoaster ride that the stock market has been taking is just the ultra rich cashing in on what's happening. I guarantee you there are people making hundreds of millions of dollars off what's happening right now. People "in the know" who are buying stocks on the day they hit rock bottom, then are selling them off the next day after the DOW has soared 700 or 800 points. Which then causes the big drop that you see the next day!
"They" keep telling us that the credit market is frozen, yet just today I went online to a retailer and applied for credit and received it, and made a purchase. How did I do that if banks aren't willing to lend? I'm not saying it was some huge amount or anything, but it was there. I keep seeing houses here in the area where I live taking down FOR SALE signs and I see moving trucks moving people in. We're all just being manipulated so that the mega-rich can become even richer. We need to stop giving the government more and more power over how we live our lives, thinking that they're going to wave some sort of magic wand and make everything better. Sometimes it's best to just sit tight and have a few bad years before things heal on their own and things get better. You can't have year after year of continual growth. Anyone who cares for plants will tell you that every few years you've got to trim back the excess growth and let the plant itself catch up. Otherwise it becomes top-heavy and the first little wind or hard rain that comes along will snap it off right at the base of the roots.
It's time we did a little pruning, and maybe it's some of these greedy investment banks that need to be pruned.
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