Government buys $1T of securities

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Originally Posted by saden1

Good business is worthless in the face of high unemployment. Look around, good companies are hurting even though they've made sound decisions. In a depression many who have good credit and pay their bills will end-up with bad credit and unable to pay their bills.

Good companies might be hurting in these time but they are not failing like poorly managed ones. Take building contractors. Most of them spend money left and right when times are good then go out of business when the housing market slows down. Its like they think people will keep buying, buying and buying with never a slow down and when it does they are not prepared. I know one contractor that is going bankrupt for his 3rd time and another contractor who is actually looking to hire. The difference is that one knows how to deal with a changing market and the other lives for the moment. Its called planning ahead and any good business man should know how important that is when running a business.