Pacific Tribune

Gathering Art and Lifestyle News about Issues for the Pacific Basin
August 16th, 2007

Daily Kos: A Special Comment From Bonddad About the Markets

Daily Kos: A Special Comment From Bonddad About the Markets

A Special Comment From Bonddad About the Markets Hotlist
by bonddad Thu Aug 16, 2007 at 09:27:40 AM PDTI asked the front-pagers if I could write a piece about the current turmoil in the market and they graciously agreed.

Let me begin with this: this is not financial Armageddon, nor is it the end of the world. However, there are some serious problems that have come home to roost and it will probably take awhile for these problems to work out. In addition, working these problems out will be painful. While a complete meltdown is not in the cards, neither is a quick rebound from current events.

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