The Party’s Over
"In just a few days, shares of Internet travel company Expedia lost 12 percent of their value." That, according to an article in the Washington Post a couple days ago. What am I saying? A blip at an Internet company signals the end of the financial world?
"In just a few days, shares of Internet travel company Expedia lost 12 percent of their value." That, according to an article in the Washington Post a couple days ago. What am I saying? A blip at an Internet company signals the end of the financial world?
Maybe not. Other things worry me. The article, Easy Money, Lifeblood Of Economy, Is Drying Up, continues;
“The era of cheap money appears to be ending. Easy credit has been the economy's lifeblood in recent years. It gave people who previously couldn't afford homes a crack at the American dream. It fueled multibillion-dollar takeovers of some of corporate America's biggest names. It buoyed the stock market and propped up the prices of many other assets.”
I don’t mean to sound like a co…