{"id":8731,"date":"2008-09-30T00:00:00","date_gmt":"2008-09-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"they-just-dont-get-it","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/they-just-dont-get-it.html","title":{"rendered":"They Just Don&#8217;t Get It"},"content":{"rendered":"<p>Washington Post &#8211; That is the technical economic term that best sums up a day in which the House of Representatives refuses to pass a $700 billion rescue plan pushed by the White House and congressional leaders from both parties, Wachovia is taken over in a deal that will have the government potentially owning 10 percent of Citigroup, a few European banks fail, the Federal Reserve and other central banks are forced to inject an additional $300 billion into the global banking system, the Dow Jones industrial average plunges 778 points, and investors everywhere rush to the safety of gold and short-term Treasury bills. <br \/>  <a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2008\/09\/29\/AR2008092902762.html\"><\/a><\/p>\n<p> The basic problem here is that too many people don&#8217;t understand the seriousness of the situation. <\/p>\n<p> Americans fail to understand that they are facing the real prospect of a decade of little or no economic growth because of the bursting of a credit bubble that they helped create and that now threatens to bring down the global financial system. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2008\/09\/29\/AR2008092902762.html\">Read Complete Article<\/a><\/strong><\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2008\/09\/29\/AR2008092902762.html\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington Post &#8211; That is the technical economic term that best sums up a day in which the House of Representatives refuses to pass a $700 billion rescue plan pushed by the White House and congressional leaders from both parties, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[136,2911,2767,1361,956,145,2796,2905,2197,2833,2908,2910,143,2906,2909,2907,339,2724],"class_list":["post-8731","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-allocations","tag-bacon","tag-business-strategies","tag-cairo","tag-credit-suisse","tag-curbs","tag-dealer-operations","tag-dow-jones-industrial-average","tag-emirates","tag-european-exchange","tag-growth-prospects","tag-midst","tag-mortgage-backed-bonds","tag-peter-thorne","tag-seamless-service","tag-sheer-magnitude","tag-sole-concern","tag-tumult"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8731"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8731\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}