Friday, February 20, 2009

The Patient is Still Almost Dead

This is just a garden variety weekly stock update, but it had an interesting metaphor included in the quotes.
"Financing is the blood which runs through our nation's veins. It's what keeps us alive," said Lawrence Creatura, a portfolio manager at Federated Clover Investment Advisors.

He said the talk of nationalizing banks only underscores the troubles with the economy.

"Things are clearly not normal. It's not healthy. The patient was on life support, and now what we're talking about getting out the paddle with respect to nationalization," Creatura said.

We're already getting out the paddles? Holy hell, what if this gets worse? This is going to sound like an episode of House before long.
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