How Low Will It Go?

| February 20, 2009

As Citibank becomes the Two-Buck Chuck of the Dow and those 201(k)s we joked about are quickly turning into 101(k)s, it’s a good time to be flush with cash, because bargains are plentiful. Even so, the rich, like everyone else, are staying on the sidelines, and if that continues, so will the recession. Until President Obama stimulates the wealthy to start spending again, this economy will never get satisfactorily stimulated.