I’m just totally confused. I’ll admit I’ve never been one to delve into the workings of big business, global trade, or even politics. I guess I’ve been too busy trying to raise a family and just make a living. My lack of knowledge of how the “real world” operates puts me at a disadvantage keeping up with what is going on outside my borders of concern so I apologize in advance of asking these questions.
How does the risk of Bears Stearns, AIG, Merrill Lynch, or others failing really effect “Joe Potatoes” folks like you and me? Does it really matter the global markets might get hurt? Do we really need Korea to produce and sell beef? Seems like we are kinda chasing our own tails and wondering why it hurts when we bite it.
To put this into a perspective “at my level” this would be like worrying if a big farmer or rancher down the road is having financial problems. Would you, we, run down there and give him some money to bail him out? Particularly if his management decisions were poor.
Help me understand this.
How does the risk of Bears Stearns, AIG, Merrill Lynch, or others failing really effect “Joe Potatoes” folks like you and me? Does it really matter the global markets might get hurt? Do we really need Korea to produce and sell beef? Seems like we are kinda chasing our own tails and wondering why it hurts when we bite it.
To put this into a perspective “at my level” this would be like worrying if a big farmer or rancher down the road is having financial problems. Would you, we, run down there and give him some money to bail him out? Particularly if his management decisions were poor.
Help me understand this.