Friday, May 21, 2010
Foreign Debt. Now It's Our Problem Too
Unbelievable. The stock market yesterday was down almost 400 points. That in itself is not necessarily a big surprise. What is though is that the losses are due to problems other countries are having with their deficits. Great. It's not bad enough that we have to worry about deficits, unemployment, recession, etc in our own country. Now we get to watch our IRAs slowly dwindle away because other countries have irresponsible fiscal policies. Sometimes I think we're better off stuffing our mattresses with what little we have left. Maybe it will help my aching back! On that cheerful note, have a nice day.