Until the housing market is "fixed," most experts agree, the economy is screwed. So for the past year, the best and the brightest have brainstormed dozens of plans to fix the market. None that we have seen are likely to work.

Fresh optimism from the U.S. spilled over into Asian markets Tuesday, sending Tokyo's benchmark stock index up 5.2% and most regional markets higher

"The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while mitigating risk by spreading it system wide." Economists Paul Davidson and Henry C.K. Liu "Open Letter to World Leaders attending the November 15 White House Summit on Financial Markets and the World Economy"

In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, in total, to the Western European model of socialism, stagnation, and excessive government regulation.
At the G-20 meeting, Bush agreed to subject the Securities and Exchange Commission (SEC) and our other regulatory agencies to the supervision of a global entity that would critique its regulatory standards and demand changes if it felt they were necessary.

The DOW's 52 week low and high was: 7,464.51 - 13,850.90
We think your bottom is in. Can there be more bad news?

In July, 2008, President-elect Barack Obama stated that he strongly agreed with Vice President Gore that we cannot drill our way to energy independence, but must fast-track investments in renewable sources of energy like solar power, wind power, and advanced bio fuels. He promised that those were the investments he would make as President.

The financial crisis is deepening, with the risk of seriously disrupting the system of international payments.

This crisis is far more serious than the Great Depression. All major sectors of the global economy are affected. Recent reports suggest that the system of Letters of Credit as well as international shipping, which constitute the lifeline of the international trading system, are potentially in jeopardy.

Google stock price - are you investors nuts! Paying $714 dollars for Google stock (or even $300) is like paying outrageous prices for some donut company. Sound familiar? Yup, you paid $46 for a currently $2.50 donut stock price named KKD. Stupid!!!

"Preventing a global slump must be the priority."

Nov. 3 (Bloomberg) — U.S. stocks rose for a third day as a decline in money market rates overshadowed analysts' predictions that the weakening economy will hurt profits.