Stimulus Package, TARP, the Economy, and Job Loss
TARP
There’s been a lot of news around the new stimulus package. But what about TARP? How are we fixing the root of the problem, and get money flowing in the system again?
Yes, the subject matter is difficult (assets that are impossible to value, securitization, the lack of appetite for all sorts of financial products that provided so much capital in the past two decades). But it is the root of the current economic problems we are facing, and worth discussing.
Main Street
In the past two to three months, the economy has been on this downward spiral, and now the impact is truely felt. I personally know at least half a dozen people out of work across different industries and companies. It’s scary.
On slightly more positive note, my older uncles and aunties don’t seem as worried and have a longer term perspective. One said, “this isn’t that bad! At least you still have food and aren’t going hungry like in the war times!”
