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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (131658)	7/2/2008 8:34:04 AM
From: ChanceIs	Respond to of 306849

>>> Has the U.S. become "too big to fail"? <<< Interesting question. Most things which are too big to fail usually produce something. Chrysler in the '70s for example. It made cars and employed people. Bear Stearns was deemed to big to fail - perhaps the IB community as a whole. Wall Street does provide liquidity and financing. What does the US provide??? A military, grain, medical technology, technical innovation. Usually mother nature takes over and separates the wheat from the chaff - the productive from the unproductive. One of my great fears (as a short) in all of this is that the sovereign wealth funds might come in and prop up our markets. They are doing that more to invest than to prop up our markets. Mostly we see them buying banks as opposed to entertainment/Hollywood - the unproductive. I see China trying to buy all of the oil it can either directly through oil fields or indirectly through equity purchases. Bottom line is that the US will get corrected. There is worldwide competition. Those who can will cherry pick us. That can be used to advantage by the nimble here at home. But when has that ever not been the case??