Rachel Maddow/Krugman: Economic Freak-out 09/19/08

September 20, 2008 12:00 pm

Rachel Maddow/Krugman: Economic Freak-out 09/19/08

This is a scary view of what is the real- behind-the-scenes of the current economy and the even more troublesome outlook.

Is it really this bad?…comment, comment, comment….

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2 Responses to “Rachel Maddow/Krugman: Economic Freak-out 09/19/08”

  1. Martin Rosendahl on September 20th, 2008 6:24 pm

    This didn’t make me feel any more confident about the markets. It seems like the fed and the treasurery are really reaching for a solution and they don’t know what to do, they’re just shotgunning possible stuff out there.
    Not that I want to be lied to or anything to feel confident, I want to know that truth, and I want transparency in the markets so I can make informed decisions about my investments. Right now I’m feeling pretty smug about hedging 25% of my portfolio with a double inverse of the S&P 500 and a double inverse of the Dow Financials (yeah, I know, I have financials in my portfolio, they’re still paying dividends, I just hope Citigroup doesn’t fail now too) as of last Monday, but I don’t think that the “powers that be” have a handle on what to do to stop this meltdown.

  2. Andrew Horowitz on September 20th, 2008 6:35 pm

    Marty:

    It is a problem of epic proportions

    A

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