Thursday, October 16, 2008
Liquidity here, interest rates there, old market fears, new market fears, and pledges all over the place. That is about what you will find in the headlines of the business section in every newspaper today. It is definitely an exciting time to be studying the subject, because then I know the why, instead of just the what. It's fun to explain to people, because then everybody won't just be repeating the headlines they saw, but also thinking what might happen next. Or at least just me.
After reading most of the headlines, I do not wish to be in the position of today's finance ministers. Having to make those major decisions amid a period of uncertainty. I mean your markets recover for 2 to 3 days, and then you find out that everybody is afraid again, and they crash.
But that's what shares I like I suppose. Now would probably be a good time to buy gold. But they'd be quite pricey since they've been rising for as long as the States has been denying it's recession. Still...better late than never.
Dan
4:00 pm
