News

[unforth]

The Federal Take Over of Fannie Mae and Freddie Mac scares me, but I'm not sure why, and I don't know enough about economics and such to know if it should. Anyone know more that can tell me if I should be worried?

Comments

[ultimabaka.livejournal.com]

We've talked about this already, so you know what this wall street economist thinks. Be wary, don't buy anything right now (obviously), and accept that your taxes will go up.

*huggle*
-- Gerardo

[unforth.livejournal.com]

Yeah, that's why I asked you.

[ultimabaka.livejournal.com]

To put things into perspective though, the Asian markets ate it up, up 4% a/o 1:30est. I wouldn't be surprised if US advanced markets don't do the same.

[ultimabaka.livejournal.com]

US advanced markets seem to like it a helluva lot. We shall see...

[unforth.livejournal.com]

...you labeled an item on a Bloomberg report "nomnoms."

I don't even know what to say to that.

[ultimabaka.livejournal.com]

I can haz theoretical futures markets at 1am? :P *huggles*

[unforth.livejournal.com]

Yes, you can. Now if only you had cat in the picture...