Quote:
Originally Posted by HotHotHeat
I personally find it troubling that the US economy only grew 3.5% with over 1 trillion in stimulus injected. Also, you just know that people have ended up being able to retire from the way the market has acted recently. The US government would have been better off cutting out the middle man and handed bankers a cheque they could cash personally.
I'm left asking myself what exactly has changed in the system that makes it less likely Wall Street will pull this greedy act again.
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The US is running a deficit to GDP of 10% and here in Canada we are just around 1% so I guess that explains our weak GDP number. Greenspan is speaking in Calgary on November 9th and he will be the first person to tell you that the greedy act will repeat itself as "it is a flaw of human nature". I have to believe he is telling the truth
I would also add that Wallstreet is set to pay $140 billion in bonuses this year which is a new record.