Joseph Stiglitz on The Colbert Report
Posted on Mon 20th Oct, 2008 11:42:07 PM
A great view for all investors combining a bit of humor with some reality. We may think the financial crisis is nearing its bottom, but what happens when hundreds of thousands of Americans currently on unemployment stop receiving their relief checks?
The reality is that there are many unseen factors playing into the current market drama and no investor knows for sure just how bad this mess may get (hat tip to Barry Ritholtz):
More on this topic
(What's this?)
The $700 Billion Bailout
(Gold World, 10/6/08)
An Assessment of Bailout Bill Options from a Former Congressional Staffer
(naked capitalism, 9/30/08)
Dividend Stocks in the news
(Dividend Growth Investor, 10/6/08)
kind of scary that 800,000 people are going to come off of unemployment and have no beni’s to speak of. We can bail out the banks, the insurance companies, the auto manufacturer’s, the airline industry – but as far as you or me go, forget about it.
Today is all about the DOOM and GLOOM of the Stock Market!
Do Not be tricked by the Media! People are making a killing RIGHT NOW while you are all standing around looking at each other with dumb looks on your face, watching your portfolios go down to zero
Nice video Blain, makes me want to save even more. I am not convinced we are out of this mess yet.
I live in Michigan so the auto manufacturers gig is a big deal, and it looks like a merger between chrysler and GM is going to take place. Long term whether it does anything at all is anyone’s guess. I can’t imagine though what would happen if GM or F went bankrupt.
GM, Ford, and Chrysler will all eventually merge. It is inevitable.
What is up with Al Gore getting all the credit for the Nobel prize anyway?
No Surprise that GM had to sink like the Titanic.. Just the pain and hard work of 300 Million Taxpayers going down the drain.. Whose responsible for that?