The market fell over 150 points yesterday, led by a financial services sell off as more bad news from the slimes intensified.
It is important we recognize that it is that. Slimey behavior. These are financial giants with every acumen to perform. It was GREED that sunk this boat. And greed will sink the next boat also, as it always does. And that greed....the consumer was part of.
Just as we want "lower taxes" we never think out what "lower taxes" may really mean, and where things are raised to cover this. At times, our lack of thinking and our "believing" leads our destruction.
Now 1/3 of all U.S. homeowners owe more on their home than they have in equity. The equilibrium has turned.
Two primary commentaries will lead this week's analsyis. First, several months ago Floyd began analyzing when the EURO was finally contained what might happen to the USD. At that time I shared that the EURO and its' catapult rise might actually help the Bush dollar.
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