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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: DebtBomb who wrote (135182)7/20/2008 11:21:03 AM
From: Jim McMannisRead Replies (1) of 306849
 
Don't Forget Government Failure

cdobs.com

Confidence in the economy is very low. Oil prices are very high. Stock prices are falling. Financial companies are losing money…some are failing. The government is busy bailing out Fannie Mae and Freddie Mac, creating “stimulus,” establishing new lending facilities, and cutting interest rates. With all of this happening at the same time, it’s not surprising that some people are questioning the basic underpinnings of capitalism. Trust in free markets seems to be falling and the idea of “market failure’ is gaining ground.

For example, United Airlines just sent an open letter to all its customers asking them to join in a protest against “market speculation,” which it says is driving up oil prices. At the same time, politicians are demanding more regulation of financial institutions.
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