Economic Crisis

September 26, 2008

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John Barfield

Economic Crisis

              The economic “crisis" is not that complicated. The stock market always wants positive press to continue its trading, if not, speculators sell. Wow, what a surprise. Meanwhile the businesses that gave bad mortgages, and they don’t want to take the loss. A $10,000 loss on a house by a lender adds up over thousands of loans. But they can’t afford to wait for the capital to come back. They could liquidate much of these by selling at a cheaper price (free market go figure!), but they refuse to do this because the profit possibilities are amazing. I say sell them at a reduced price, get some capital, and quit whining. That is EXACTLY what the government would expect of the small businessman. Also, LOCAL (not foreign) investors would have a field day.

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Comments

  1. John...you are absolutely 100% correct...finally someone as smart as me! Laughing

    utopia1dcutopia1dc on Saturday, 27 September 2008, 15:20 PDT # |

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