I am hearing a score of different opinions about how this rescue or that bailout is going to affect the credit market, stock market or housing market. Seldom do the agree… most float to the extremes:
- It won’t have an effect at all, it is wasted money
- If we don’t, the world will crash down around us
And yet, here we sit on a VERY down Dow (could turn tomorrow) and a still frozen credit market. Of course, the programs take a little time (at least the proponents tell us that) to get rolling.