Saturday, October 04, 2008

Smarter People than Me

...are saying that this $700 Billion Bailout was not necessarily a good idea.

I agree that SOMEthing needed to be done, but I don't think piling on dollars we don't have was the right answer.

Expect the cost to go much higher. I expect 2-3 Trillion dollars, and even that probably won't do much good.

Expect high inflation, and worse performance by the economy and the stock market. The Carter Era may look mild by comparison. Figure out what you'll do about it now, or your family will probably be suffering.

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