Feb. 9 (Bloomberg) -- Treasury Secretary Timothy Geithneris seeking to draw investors into the U.S. financial-rescue program, aiming to add private funding as a new component of proposals to address the toxic debt clogging banks’ balance sheets.
So the brightest minds of the nation are working hard to halt this financial tsunami. In the mean time, many argue that, the hole is too big for the government’s stimulus plan to fill.
This is the trillion dollar question of the time. ( hmm..since when that we talked about trillion like it is nothing big? ) Is the stimulus plan going to work? If it is, then we might have seen the bottom of the US and global equity market. However, if the plan should fail, as many suspect that it will, then we are going to see another big leg down on the stock market.
Of course, the nation and the world would be in serious crisis. Maybe there would be wars. Maybe USA would turn socialism, just like Europe and Canada. Maybe the Dow would come down to 5000, and Gold would rally to 5000, when the ratio of DOW/Gold would be 1 again like it was in 1980.
All that is possible if the stimulus plan should fail.
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