New Danger of a Systemic Collapse
December 13, 2011 at 10:37 AM EST
Some stock investors never seem to learn. They hope and pray for a new government rescue from Washington or Brussels. They wait with bated breath for each official sign of money printing, interest-rate cuts, or financial bailouts. Then, as soon as something is finally announced, they breathe a sigh of relief, applaud with enthusiasm, even buy a stock or two. But it’s a fool’s game. Because within a few months — or even just a few days — the government rescue crumbles, investors run for cover, and, ironically, they begin a whole new cycle of hoping and praying for the NEXT big rescue. Just this year alone, European authorities have held 19 high-level emergency . . . → Read More: New Danger of a Systemic Collapse