How soon we forget Friday's ISM number that shows the backlog of orders dropping to 46.5 - which happens to be the lowest since October 2007 - which also happens to be the start of the Great Recession.... will history repeat?
yesterday rogers came on the air and made a very true statement. what is berneke doing. we do the recession cycle every 3 to 4 yrs. what will we use for ammo to fight it next yr? no bullets are left in the gun and we don't have the ability to get more to reload the gun. there is no way we will ever recover from this mess that he created.
you can't bail out everyone. we needed to clean up the mess the to big to fail philosophy has destroyed us.