I Don’t have all the answers and apparently neither does anyone else
I am a lifetime observer of the market, pretty free market enthusiast. Consider myself a minor expert on economics. I have been an advocate of letting the marketplace work things out.
Anti Bailouts.
Citi included.
But, I know how to listen carefully to smart people. I have watched and listened to the exchange between Cavuto and Stein.
Here’s the problem, I respect both of them as bright people. People with deep expertise on marketplace economics.
Yet they disagree profoundly. It’s not about right or left. They are both on the right.
I am puzzled and admit it.
Then I heard Glen Beck this morning on Fox and Friends. His pronouncement on the economy was so dire I was shocked. His evaluation is profoundly pessimistic.
Am I missing something? Does anyone really know anything. How can all people I respect be so completely divergent in opinion? Is everything I know wrong?
There will come a time when we will know how this all comes out. We will know who was right.
It will be too late to do anything about it.
