Todays economy is a wild one, that much is for sure. After years and years of an uptrending stock sector it was just a matter of time before there was some instability. Heck we probally wouldn't have had som many years of profitability if it wasn't for the sub-prime mortgages that were being given out. Things could be worse really. Everyone knows the markets are built on theroy (as in there are a lot of numbers not necassaryily backed by a lot of real stuff) and the stuff that took the worst beating in recent times was the shakiest of all.
Also, really you know the people majorly affected by the credit crunch were the people who had no business getting credit and the people who lied on their applications. The thing that sucks is that people who did follow the rules will probally end up paying a significant amount more on their mortgages. Those who followed the rules are the people who the US government should be concerned with saving. I suppose those people are being saved in a way, because of the liquidity being introduced into the markets that wll keep mortgage rates lower then they would be if the full brunt was felt. Things have probally placed themselves where they should be.
So the real question is where are the markets going? How cold anyone know for a fact. From the business books I have read, and the info I'm getting from my stock software they are goign to be going down for a while. I was reading the paper the other day and the guy was talking about how the economy will be very near recession for at least the next two years but after that the economy should make a fair recovery. I know that seems a long time away right now. I guess for the next little while we need to keep money in safe places like bonds. Try to stay away from shaky investments.
