I don’t think so esmith
Cause- Small percentage of US home loans given to fraudulent purchasers, sometimes referred to as the sub-prime mess.
Effect- Worldwide markets tumble. Dow will soon be at 50% of its high in just over a year. At least tens of trillions lost.
This is way out of proportion.The market reaction is not based on the cause but the reactions from the Governments and the votes of the lemmings. IMHO
Hemorrhaging trillions of dollars to business that need to go bankrupt and taxing the ones that hire more people and make a profit is straight out of Atlas Shrugged and against all principles of capitalism.
