$8 Trillion for the Financial Bailout. Nice Holiday Gift.
- 0 Comments
As if we needed any more evidence that this financial bubble is one for the history books. The government has now committed the American taxpayer to roughly $8 trillion. We’ve already used up over $2 trillion and the risk is absolutely amazing. Can you believe the state of California is now a higher credit risk than Slovakia? Yes we are now going off into unknown territory. Take a look at this disturbing graph from the New York Times:
*Source: New York Times
Troubling indeed.

If you enjoyed this post click here to subscribe to a complete feed and stay up to date with today’s challenging market!
