plunging dow

Status
Not open for further replies.
Darla said:
So in other words it’s designed to ensure that Americans can never definitively know whether it helped at all. We will have to accept the assurances that “it could have been worse”. I always have hated when something bad has happened and anyone told me that. I always feel like saying, I can punch you in the nose and then it will get worse.
Click to expand...

Well darla it could habe been worse, you could have kicked him in the balls ?

These finiancial types are so wishy washy and fickle.
 
Onceler said:
I'm talking about from here. Kramer - who I know has been off in the past - was talking this morning about a further decline of 20% going forward.
Click to expand...

We'll he may be right, we'll need some serious fiscal stimulus if you talking about a market being down 50%:eek:
 
Dungheap said:
Because it's kind of funny but not really:

dow_36000_1.png



Kevin Hassett is a McCain economic advisor.
Click to expand...

LMAO... a book that was published in 1999... before...

1) Glass Steagall was dismantled
2) Greenspan kept interest rates at historic lows for four years
3) Bush was elected
4) 9/11
5) Iraq and Afghanistan wars
6) oil went from $10 to $148 per barrel
7) Dot com bubble burst
8) Enron, World Com, Global Crossing etc... frauds were discovered (though the fraud did occur during the late 90's)

and it was published about the same time the idiots in DC were projecting their imaginary decade long surplusses.

Hmmm... good point dung.
 
Darla said:
So in other words it’s designed to ensure that Americans can never definitively know whether it helped at all. We will have to accept the assurances that “it could have been worse”. I always have hated when something bad has happened and anyone told me that. I always feel like saying, I can punch you in the nose and then it will get worse.
Click to expand...
Yup. And I'm sick of the "the taxpayers are now shareholders" blah...

Um... Last time I checked the taxpayers are the government, and government ownership is socialism.

The bailout sucked. And I usually tell them it can always have "been worse".
 
Darla said:
So in other words it’s designed to ensure that Americans can never definitively know whether it helped at all. We will have to accept the assurances that “it could have been worse”. I always have hated when something bad has happened and anyone told me that. I always feel like saying, I can punch you in the nose and then it will get worse.
Click to expand...


I know what you're saying. It's Dixie's whole argument on Iraq now, and can be used on just about anything politically.

Still, on this one, it will truly be impossible to quantify any measurable difference that the bailout will make. The idea is just to keep the economy from going into a complete freefall. I think it's safe to say that it's better for the economy when businesses & people can still get loans.
 
Darla said:
So in other words it’s designed to ensure that Americans can never definitively know whether it helped at all. We will have to accept the assurances that “it could have been worse”.
Click to expand...

As long as the world doesn't end pro bailout tools like SF will proclaim how much worse things "could" have been if we didn't make sure we distorted the price system further with more phoney credit.
 
I hope everyone watched 60 minutes last night. Anyway, I'm off to the store to get some ice cream, I need to celebrate. :cof1:
 
Darla said:
So in other words it’s designed to ensure that Americans can never definitively know whether it helped at all. We will have to accept the assurances that “it could have been worse”. I always have hated when something bad has happened and anyone told me that. I always feel like saying, I can punch you in the nose and then it will get worse.
Click to expand...

Not quite. We will not see it change the fact that the market is breaking down in the short term. Because they will likely not move fast enough to prevent the fall to 8000. We will see the results as to whether credit flows again or not and if so, how fast it does. That is what will determine how many jobs are lost. The market will hurt on paper for now, nothing is likely to stop it. But the market going down does not necessarily translate to job losses.

As for the longer term benefits of the bailout... those will depend upon how the securities are priced. My hope is that they will be bought between the market value and economic value of the securities. That way those holding them have an incentive to sell them and the taxpayers still have economic gain that can be realized.
 
Superfreak said:
LMAO... a book that was published in 1999... before...

1) Glass Steagall was dismantled
2) Greenspan kept interest rates at historic lows for four years
3) Bush was elected
4) 9/11
5) Iraq and Afghanistan wars
6) oil went from $10 to $148 per barrel
7) Dot com bubble burst
8) Enron, World Com, Global Crossing etc... frauds were discovered (though the fraud did occur during the late 90's)

and it was published about the same time the idiots in DC were projecting their imaginary decade long surplusses.

Hmmm... good point dung.
Click to expand...


Damn. Why take the humor out of everything? It's funny as a historical artifact from a by-gone era of peace and prosperity. It's like WHAM!
 
It actually is kind of fun to look back to what we were thinking at certain periods. As has been shown the dow was going to be 30k - 40k. We were going to be able to control business cycles so as to not have large recessions. I was working in commercial real estate brokerage at the time and for a short period there really was a fear Goldman Sachs would take us over and our industry could be run by the internet. It was definitely fun but as is inevitable with all bubbles or cycles you back at some of the going ons and say 'what were we thinking?'
 
Status
Not open for further replies.
Back
Top