Its been a hectic, ridiculous, worrisome, couple weeks since I last posted. In that time period, I’ve gotten behind in school, partially because I’ve been glued to Google Finance, Clusterstock, and CNBC, and partially because I got the cold from hell.
I was sick for an entire week with the most flu-like thing I’ve had since I had the flu 5 and a half years ago. I spent 3 days on the couch, running 2 and a half degrees of fever. Missed a week of class, and one test, and I’m just not getting caught up. Its been ridiculous.
I saw this article over at clusterstock that I wanted to share. It talks about what situation our government has gotten itself into now that its propping up banks. What happens if those banks still fail? You can read the post, but it can be summed up pretty easily. The government is not going to let anyone go under ever, especially now that they’ve invested in said company. If a bank that they’ve propped up fails, they lose their entire investment. And only the government is powerful enough (at least at this time) to make sure the company they invested in does not go out of business.
Also, I’ve been doing a little studying history recently. I don’t have any charts, but I thought I’d mention that in most of our recessions, or panics, or whatever you’d call them, there are phases. A strong drop, a brief strong recovery, followed by another large drop. Guess where we are today?
Not to mention, most of the largest one day gains on the Dow Jones were during, you guessed it, the Great Depression.
Enjoy your day. And take it from me, its much easier to do that if you avoid financial news, so, uh, sorry.