How stupid are we? That is the question that will be answered in the next election.
How. Stupid. Are. We?
Ron K. Jeffries has heard from some friends who are early casualties in the economic war zone.
Here is some of what is happening:
- Friend #1 said in a phone call: “I’ve lost my house, the auction is tomorrow.”
- Friend #2 writes: “My IRA has been wiped out but more importantly, Ameriprise has frozen my huge cash deposits, because the Reserve Muni Money Mkt fund has not honored their redemption.
It's going to be a long road.