Clinton and obama point to Iraq war for the economy woes!

Both the democrat nominees currently in the fray point to the Iraq war as one of the main reasons for the current economy woes that seems to plague America today. Frankly that is just an oversimplification of the problem at hand, if the solution was as simple as that, we would all be so much better off. But the stark reality of the situation is that the war cannot he held to be the main culprit as the reason for the current problems and that the cause lies in the foundations of the current economic policy rather than in the foreign policy sections of the current American administration.
Too much freedom has been applied over a period of time to some of the major financial instruments with the end result being one hand has no idea as to what the other hand has done. This lack of information has led to the current imbroglio and only a correction of certain financial instruments as well as a tightening of the current economic policies is going to make the big bad bear go back to sleep!

It is the turn of the Merrill Lunch now!

Just a couple of days ago it was the turn of the JP Morgan to post a rather poor Q4 report and now it is the turn of the Merrill Lynch to do the same. It seems that although many people may think that the worst of the sub prime after effects are over, more and more companies are coming out with new and undisclosed losses.
The markets are getting most of their profits wiped off the board and the investors are getting quite 'antsy'.
Although Merrill Lych did post a poor Q4 report, the outlook according to it seems to be rosy. Merrill Lynch seems to be under the impression that the economy is going to recover the very next day, but that may just be a pipe dream as of yet. With people not willing to spend as much as they may have, it is going to be one tough act to pull this economy up!