Banks in England are now forced to merge. Morgan Stanley and Wachovia are looking at merger. It seems there is not enough money in the US to fix it. Maybe we need over sea intervention by our trade partners, oil producers and China. They have the reserves that can help. Our government needs to court them in.
Donald Trump said something to the effect to just get up in the morning and do what you do. He also said he doesn't own stocks. He likes investing into hard assets like real estate. It is not just paper and it won't disappear.
Oil bounced as I felt it would in my blog the past 2 days, due to the issue of treasury bills. Basically the government is print dollars. This cause oil and gold to go up. Gold was also due to fear and the devaluation of the dollar.
Any ideas, what do you think. So where do we go from here?
Richard
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