Stocks

[Princess Doreen]

I can't disagree with the predictions of doom and gloom. However, we're pretty well set before the butt end falls completely out of the economy. By then, we won't much give a damn cuz we'll be dead. I really pity the people who have to deal with it.

The country is in the toilet, and, it's not all Bush's fault either.

[gales0678]

Originally Posted by Princess Doreen

I can't disagree with the predictions of doom and gloom. However, we're pretty well set before the butt end falls completely out of the economy. By then, we won't much give a damn cuz we'll be dead. I really pity the people who have to deal with it.

The country is in the toilet, and, it's not all Bush's fault either.

correct , frank , pelosi etc etc must share the blame as well

[randallscott35]

Today's absolutely must watch clip comes from David Stockman, director of the OMB under Ronald Reagan. "An independent Fed is what we had when I was in the government. Volcker was the head of it...Today the Fed is scared to death that the boys and girls and robots on Wall Street are going to have a hissy fit. And therefore these programs, one after another, are simply designed to somehow pacify the stock market, and hoping to keep the stock indexes going up, and that somehow that will fool the people into thinking they are wealthier and they will spend money. The people aren't buying that. Main Street is not stupid enough to believe that engineered rallies as a result of QE2 stimulus are making them wealthier and so they should go out and buy another Coach bag. This is really crazy stuff that I can't say enough negative about...The Fed is telling a lot of lies to the market... it is telling all the politicians on Capitol Hill you can issue unlimited debt cause it doesn't cost anything. We have $9 trillion of marketable debt. Upwards of 70% of that has maturities of 5 years or less down to 90 days. All of those maturities are 1% down to 10 basis points. So from the point of view of Congress, the cost of carrying the debt is essentially free. When you tell politicians they can issue $100 billion of debt a month for free, how do you expect them to do the right thing, and ask their constituents to sacrifice... I think the Fed is injecting high grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient."

[gales0678]

Originally Posted by randallscott35

Today's absolutely must watch clip comes from David Stockman, director of the OMB under Ronald Reagan. "An independent Fed is what we had when I was in the government. Volcker was the head of it...Today the Fed is scared to death that the boys and girls and robots on Wall Street are going to have a hissy fit. And therefore these programs, one after another, are simply designed to somehow pacify the stock market, and hoping to keep the stock indexes going up, and that somehow that will fool the people into thinking they are wealthier and they will spend money. The people aren't buying that. Main Street is not stupid enough to believe that engineered rallies as a result of QE2 stimulus are making them wealthier and so they should go out and buy another Coach bag. This is really crazy stuff that I can't say enough negative about...The Fed is telling a lot of lies to the market... it is telling all the politicians on Capitol Hill you can issue unlimited debt cause it doesn't cost anything. We have $9 trillion of marketable debt. Upwards of 70% of that has maturities of 5 years or less down to 90 days. All of those maturities are 1% down to 10 basis points. So from the point of view of Congress, the cost of carrying the debt is essentially free. When you tell politicians they can issue $100 billion of debt a month for free, how do you expect them to do the right thing, and ask their constituents to sacrifice... I think the Fed is injecting high grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient."

randy you worried about your pension?

[randallscott35]

Originally Posted by gales0678

randy you worried about your pension?

What pension? I will get nothing and I know it so no I don't worry at all.

[gales0678]

Originally Posted by randallscott35

What pension? I will get nothing and I know it so no I don't worry at all.

oh ok , you can always find a whale i guess

[dalakhani]

Originally Posted by randallscott35

Today's absolutely must watch clip comes from David Stockman, director of the OMB under Ronald Reagan. "An independent Fed is what we had when I was in the government. Volcker was the head of it...Today the Fed is scared to death that the boys and girls and robots on Wall Street are going to have a hissy fit. And therefore these programs, one after another, are simply designed to somehow pacify the stock market, and hoping to keep the stock indexes going up, and that somehow that will fool the people into thinking they are wealthier and they will spend money. The people aren't buying that. Main Street is not stupid enough to believe that engineered rallies as a result of QE2 stimulus are making them wealthier and so they should go out and buy another Coach bag. This is really crazy stuff that I can't say enough negative about...The Fed is telling a lot of lies to the market... it is telling all the politicians on Capitol Hill you can issue unlimited debt cause it doesn't cost anything. We have $9 trillion of marketable debt. Upwards of 70% of that has maturities of 5 years or less down to 90 days. All of those maturities are 1% down to 10 basis points. So from the point of view of Congress, the cost of carrying the debt is essentially free. When you tell politicians they can issue $100 billion of debt a month for free, how do you expect them to do the right thing, and ask their constituents to sacrifice... I think the Fed is injecting high grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient."

Is this the same David Stockman that was indicted not too long ago. I'm not sure.

[dalakhani]

Originally Posted by Princess Doreen

I can't disagree with the predictions of doom and gloom. However, we're pretty well set before the butt end falls completely out of the economy. By then, we won't much give a damn cuz we'll be dead. I really pity the people who have to deal with it.

The country is in the toilet, and, it's not all Bush's fault either.

Agreed. I think many can share the blame for our issues. Athough, Im not so certain we are in the toilet either.

[gales0678]

Originally Posted by dalakhani

Agreed. I think many can share the blame for our issues. Athough, Im not so certain we are in the toilet either.

clinton as well with NAFTA

[Princess Doreen]

Originally Posted by dalakhani

Agreed. I think many can share the blame for our issues. Athough, Im not so certain we are in the toilet either.

We're in the toilet with the Tidy Bowl man - no one's yet pressed down on the handle.

Higher taxes will mean just more government spending with very little of it making any difference to the people struggling to pay for food and shelter.

[gales0678]

Originally Posted by Princess Doreen

We're in the toilet with the Tidy Bowl man - no one's yet pressed down on the handle.

Higher taxes will mean just more government spending with very little of it making any difference to the people struggling to pay for food and shelter.

yup

[Princess Doreen]

And our illustrious POTUS taking 3000 people to India at $200 million a day is really helping things along.