Sunday, June 26, 2011

Capital Market Conditions Eerily Recall 2007 - The CFO Report - WSJ

PARALLELS WITH THE TITANIC: Capital Market Conditions Eerily Recall 2007 - The CFO Report - WSJ

Could it be that the free 'booze' for the economy from the Fed is coming to an end and there's still enough in the glasses for many people not to be sober enough to reassess or pay heed to what is really happening around them (i.e. bad policies leading to the inevitable icebergs); or,

Could it be that while some people are worried that the economy, like the Titanic, may be in trouble for hitting an iceberg, others - like the President and most Democrats - are still too drunk with power and enthusiasm to realize their policies have positioned the economy to sink and instead they are wondering what all the fuss is about (with how they've handled the ship of the economy)?

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