Tuesday, January 22, 2008
The interminable wall st slide
I've been pretty unhappy with the state of the economy ever since I started keeping track of it in my own little way. (It hasn't been that long.) The US is spending money in Iraq, it seems basically through borrowing. The dollar's slid so much, traveling abroad (even if I could, but that's a different story) seems like a pipe dream. The Fed's cutting rates to prop up a poorly functioning stock market, at the risk of raising inflation even further. This very myopic world view in which the US operates is extremely troubling at so many levels.