Useful Ramblings

Where to begin?

How about:

1. At 5:30 today, CNBC reported another $30~$35B package for Freddie Mac was needed.
2. UK launches second bank rescue – I wonder how many will really be required.
3. Supper Bowl ads fall to $3million/30sec – sign me up.  GM and FedEx will be absent however.  Apparently not cheap enough.

Do you think that the “economy” will do what it needs to do in order to fix itself?  And that all of the money we are throwing at it is just a delaying tactic.  We are “circling the drain” and all these magic $s are not going to plug the drain permanently.

Sigh.

This entry was posted on Friday, January 23rd, 2009 at 6:05 AM and is filed under Econ101. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.