It’s foolish to believe that the world has suffered huge losses because of the subprime(Fraudulent) lending practices here. I guess I need to speak slower for you all.
arraya- The point to my thread was that this is bigger than that.
esmith- Markets do not prefer regulations and they are always looking forward. Right now the only thing they see is an Obama team that is made up of the usual players that btw have all had a hand in the subprime mess. Nothing miraculous is on the table. They don’t need him to be inaugerated before they can go up you know. Recessions are normal and easily expected but this is different.
Raising taxes will not make business more profitable. Increasing regulations will not decrease government spending. The government is a drag on GDP and bigger government is a bigger drag. The markets are pricing themselves for the future that they see.