Tuesday, November 18, 2008
It seems that every Monday morning, before the stock market opens, either the Fed or SecTres makes an announcement to encourage people to keep pouring money into stocks. This morning the Fed announced manufacturing had risen 1.3% in October; describing it as a "return to normal" after the Boeing strike and hurricanes. This despite record job losses, bankruptcies, and foreclosures. Does anyone believe anything coming out of the mouths of Bernanke and Paulson these days? If you had cancer wouldn't you want to know? But if the doctors say you are fine; when every day you are getting weaker and losing weight, what do you do? If you can't trust what public officials are saying anymore then maybe all we have left is to pray... and trust God.
Posted by Takwira at 7:09 AM