I have followed this market meltdown closely. I can't decide if need to plant a garden and get some guns or buy party hats. I read that we have 516 trillion dollar derivatives market. That means every dollar has been sliced and diced into micro pieces and called whole again. Kind of like the Sorcerers Apprentice, you know, Mickey Mouse chops up the broom and new brooms from every splinter. This was one of the most depressing things I have seen lately concerning all this money biz.
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700 billion is like putting a party hat on 700 pound Gorilla and thinking he will get back in the cage. Maybe it's enough to suture the wounds and keep on with our silly ways.
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