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Quarterly Economic Wrap Up

October 3, 2008 | Leave a Comment

It’s been nice knowing you.  Merrill Lynch, Lehman Brothers, AIG, Freddie Mac, Fannie Mae, Wachovia, Washington Mutual, and the list goes on.  During the past three months, the financial world as we once knew it changed forever and analysts are still trying to assess what the consolidations (not to mention, nationalizations) mean for the future. Stocks plunged throughout the quarter (again) as investors struggled to find a safe place to put their hard earned dollars (no, money markets are too risky these day).  Confidence is indeed lacking and that is the heart of the issue: confidence in the economy.confidence in the markets.confidence in our nation’s leaders.confidence to lend.confidence to borrow.confidence to spend.confidence to invest.  Prices of energy and other commodities returned to earth this quarter so the inflation fears have been laid to rest (at least for today).  The Fed and the Administration struggle to come up with a plan that Congress can approve to help ease the strains of the credit crisis.  Any chance the legislators can ever move beyond hateful partisanship and show some real leadership?

 Attached (linked) please find And That’s The ‘Quarter’ That Was, the Brounes & Associates market/economic commentary for the period just ended
September 30, 2008.

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