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Even, the dot com burst, all this happened but the world did not end! When capitalism goes awry you can’t bring in socialism all of a sudden, bankruptcies teach the capitalists to respect the markets and accept their failures with humility. So, this current performance is just desperation as the US doesn’t have any bullets left after shooting in the dark...
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But what can one say about their credibility after a U-Turn like this? If you or I had done that in a company after signing term sheets for investing Billions of dollars in a project, then making happy faces and drinking wine over it and tomorrow, you or I came and said hmm lets forget the Billions hmm lets look at this...
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