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Originally Posted by $5 submissions
The Dow acts as the ultimate "Truth-O-Meter" to all the "big plans" and "expectant announcements" floating around. So far, it's not looking good.
Another thing: I just watched the scariest shit ever--Goldman Sachs' Hong Kong/Asia head noting that while Japan's crisis was due to business expenditures which account for 12% of their GDP, the US' crisis is at the consumer end which accounts, at its height, for 72% of GDP. There's no "Japanese Lost Decade" comparison according to him. The US crisis is DRAMATICALLY going to be worse. All those stimulus bills didn't do dick in Japan.
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For stimulus bills in japan, they took the money from one place and put it in the other... it wasn't really a stimulus since they cut to make it work.
But 700B isn't going to do shit... if we hear the rumors, the FED already launed a lot more to big corps.
Either way the people are goign to get a lot poorer very soon. The fact that the european and asian economies are going so bad is the only reason why the USD is still strong.