Friday, March 13, 2009

Wow, may I have been right?

In my post a week ago I posited that there were indications we may be putting the worst behind us. Since then several positive signs have emerged. While I certainly have no crystal ball I remain convinced the world is not coming to an end and as always Americans, in particular, are adapting very quickly to the new financial reality. All that is needed now is for the government to finish articulating the "toxic asset" plan and then leave things alone for awhile. The ongoing threat of additional government intervention in additional aspects of business and life needs to be put on hold. People need to feel some stability and confidence in what the rules will be for at least the next year. 

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