What to Expect From the Bailout

Here's a pretty straight-forward explanation of what we're about to see happen if the House passes the bailout tomorrow...


And Christopher Wood's macro analysis of the situation, from two weeks ago, is still right on. He writes,

"There are going to be casualties of this, it’s not pleasant, but the less the U.S. bails everybody out, the more bullish it is for the U.S. in the long run. Because it means the system isn’t completely corrupt. You can’t have socialism for rich people, capitalism for everybody else."

Catch the full piece, here.

"Bronx Residents on the Bailout"

This is worth it for the title alone, which can be read a number of different ways...


Permalink: http://dowwtf.blogspot.com/2008/10/bronx-residents-on-bailout.html

Pelosi on the Bill

Sure, it's political grandstanding, but she's right. Clinton's surpluses and Bush's deficits--and now his plea for $700 billion--are a matter of regulation and oversight as much as they are worker productivity and the 'real' economy.