Tuesday, August 06, 2024
Hard Knocks
What's worse news -- the market meltdown or a judge ruling that Google is a monopoly? Both are hard knocks to corporate stability and to the public. There isn't much to say that would calm the panic. It is a moment to ride out the fear and to move forward. If Google's appeals fail to work, Google may recede in the search world, and there is little the company can do about it. If the markets continue to swing violently, the Fed might need to intervene with a rate cut that might be too late. What else can happen? Don't ask.
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