It would seem that President Obama's new Economic team, including Timothy Gietner (Secretary of the Treasury), Paul Volcker and Governor Richardson (Commerce Secretary) will have to decide whether or not our economic system needs to be overhauled. Maybe we need to go back to the Gold Standard. Maybe the system of throwing darts at resolving the current economic meltdown will be debated by men who see alternatives. This weekend would be a great time for everyone to go to their local college bookstore and purchase a current economic textbook and decide whether or not it makes sense. It is clear that since September 15, our market system is not following any economic model. Hopefully on Monday, we will learn what President Obama will offer us for the future.
Random thoughts.....It is time to see a Movie Double Feature this weekend...James Bond would be a great first choice to take your mind to Italy or The Boy in the Striped Pajamas will definitely make you forget how much money you have lose on paper...Remember that November and December are tough months for gaining weight..no bread....Of course, lets not forget Citi...what will happen over the weekend....?
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