MSNBC to Air Dem Hopefuls
January 11, 2008 12:58 PM
Given the blood bath the economy took this week, and voters now saying that the economy is their most pressing issue, be sure to catch MSNBC to see the Democratic presidential hopefuls debate on Jan. 15 from the Cashman Center in Las Vegas.
As I write this (with CNBC on in the background) I’m watching the tape showing the market down 275 points just 30 minutes from the final bell. I’m hopeful one of the hopefuls can douse the fears of recession that the market seems to be signaling.
Absolutely nothing worked this week. The Fed said it would lower the prime interest rate, but didn’t do it yet. Bank of America bailed out Countrywide, and Sen. Hillary Clinton (D-NY) suggested her plans for an economic stimulus.
Even the safety havens of the market or the so-called Joe Lunchbucket stocks like McDonald’s got hammered today. Is what we are witnessing just a long overdue correction to a bubble, or is it indeed a sign that we’re in recession but just don’t know it yet? Vote here.