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What will the next weeks hold for us? Maybe this will come to fruition:
Quote
"In a good case scenario, the economy is slow. In a bad case scenario, there are massive bankruptcies," said Axel Merk, portfolio manager at Merk Funds.
"The problem is, the general public doesn't understand this. Maybe we need to see a few payrolls fail at a few companies before they realize," he said. "This has a very direct impact on Main Street."
People on "main street" have no idea how payrolls are financed and that most of them are on credit. They'll cry when they find out that because they didn't want to bailout the banks, the company that they work for can't pay them because they can't get a loan from those banks.
Main street and Wall Street are not parallel streets... they are curvy streets with loads of intersections between them.
A gem cannot be polished without friction, nor a man perfected without trials. ~Chinese Proverb
The early bird gets the worm, but the second mouse gets the cheese. ~Jon Hammond
