Tuesday, April 1, 2008

And Just in Time

It looks like the economy is going to auto-correct. As it usually does...
Despite the discouraging numbers — $19 billion in write-downs at UBS and nearly $4 billion at Deutsche Bank in the first quarter alone — investors appeared hopeful that the bad news could signal the last of Wall Street’s credit woes.

Read the article if you want more detailed stock numbers.

And this is what irritates me about Congressional interference. It takes so long for them to get involved that by the time they do, the crisis is over.

Let's start getting the price of oil to go down by increasing supply. Yes?

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