heypa
283 posts
msg #54159
- Ignore heypa |
8/17/2007 4:33:56 PM
Niko To paraphrase an old phrase "What a difference a FED makes. Apparantly Bernanke has learned much from his in depth study of the Great Depression.I was in it as a child on the east coast and times were really tough. They (the times) created the monster called F.D.R.. Look at what has happened to this country since then.Can anyone recognise the creeping cancer called socialism and the inexorable growth of government.Here in California we still don't have an approved budget.The basic arguement? The Dems wan to spend more than the expect to garner in taxes next year and the Rep, don't. They both expect to get more taxes than they can possibly rip out of the citizens. Go figure. We're freaking doomed.
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nikoschopen
2,824 posts
msg #54161
- Ignore nikoschopen |
8/17/2007 5:18:51 PM
Heypa,
As a poor college grad from the era of the Bush senior induced recession, I should just mention in passing that, no matter how you cut it, the record indicates that the stock market fared much better under a democratic administration than otherwise.
Since I'm merely a day trader, the big macroeconomic picture doesn't concern me as much as where the prices might be in the next 30 minutes. But, as a contrarian cynic hardened by many years of losses, I always try to read between the lines as much as possible to decipher what I think is just another unprintable nonessentials. For example, the market tanked 10% from its all-time high, but the Fed has so far turned a blind eye to everyone's plea, including that boneheaded originator of "Booo-ya" syndrome, to lower the rate. Why Bernanke & Co. decides to lower the discount rate at this moment in time, with a high likelihood of the fed fund rate getting axed very soon, can only stir up a deep suspicion within me. I CAN ONLY SAY THAT THESE INFLATION HAWKS CLEARLY WOULD NOT HAVE CONTRADICTED THEMSELVES HAD THEY NOT KNOWN SOMETHING IS ABOUT TO ERUPT...SOON. (Well, what the hell do you think that might be? Ure guess is as good as mine, although I'm pretty certain that this fake rally will be used to create a false sense of security for those who blindly entrust their money to the fickle actions of these so-called guardian angels.)
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heypa
283 posts
msg #54162
- Ignore heypa |
8/17/2007 6:02:15 PM
Niko. There is not much difference between the Dems and Reps.They all speak with forked tongues.The Dems are outright socialists and the Reps are fellow travelers.The actions of both parties has been to increase the size and influence of the government over the people of this Constitutional Republic. Thank God they are looking out for us and not their own pocket books.Rest easy you're in good hands.The only problem is is that their hands are around our throats and not under our arms helping us.Additionally whenever an action is taken with this ponderous economy there is a delay before results are seen. Don't be too quick to credit.
One final observation. We do have the finest polititions,legal system, judges,FDA, agricultural dept,etc. that money can buy.Political donators run this country.They (the corporations)have ever since they figured how to gain access. No entity should be permitted to donate to any politicion unless they are qualified to vote for them. Please forgive me. I sometimes get carried away.
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heypa
283 posts
msg #54163
- Ignore heypa |
8/17/2007 6:06:21 PM
By the way I'm just a poor dumb college grad from 1950 who has just seen too much.
As an engineering grad I do try to act logically but I don,t always succeed.
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curmudgeon
103 posts
msg #54164
- Ignore curmudgeon |
8/17/2007 6:41:02 PM
Well at least the masters of the universe didnt lose their shirts on expiration. Whew! I was very concerned for them. Heh. I guess we'll see if we get cake to eat next week.
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curmudgeon
103 posts
msg #54165
- Ignore curmudgeon |
8/17/2007 6:53:47 PM
FWIW the opening bar this morning was 237 to 1 upside volume. Shorts were sh*ttin in their shorts. Any of you old timers remember that kind of extreme ever?
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karennma
8,057 posts
msg #54166
- Ignore karennma |
8/17/2007 9:01:59 PM
nikoschopen
nikoschopen 8/17/2007 12:01:01 PM
It ain't my biz to preach the values of perma-bear doctrine, but the timing of this rate cut begs the question. I'm beginning to think there's something the Fed ain't telling us and resorting to their usual ruse to cover it up. Within the coming week(s), it's plausible to hear one of the big banks or mortgage shops falling to its early demise. If, and big if, Countrywide or one of its big lenders file for Chapter 11...well, you don't need me to spell out what the consequence of that might mean.
================================================
Yeah, there's something they "ain't tellin" us ... like WHY the M3 is no longer public information!
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nikoschopen
2,824 posts
msg #54167
- Ignore nikoschopen |
8/17/2007 10:22:58 PM
Karen, it really doesn't matter in my opinion because everything is already priced into the chart and discounted as a foregone conclusion by the time it becomes public. Plus, all those numbers, after being revised up here and revised down there, are cooked and then refried to be catered to the highest bidder. Hell, I don't even bother watching the news, which is nothing but highly scripted marketing pitch for the rich. All in all, they're all contrived spins and lies.
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curmudgeon
103 posts
msg #54171
- Ignore curmudgeon |
8/17/2007 11:32:52 PM
>All in all, they're all contrived spins and lies. - Propaganda. We live in a society that is so saturated with it...we even believe our own bs. Wall Street is groupthink central.
Like the FED is even federal or that markets are "free", or we have a democracy...hahahaha. The man with the gold....makes the rules.
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nikoschopen
2,824 posts
msg #54174
- Ignore nikoschopen |
8/18/2007 12:32:41 AM
What, you don't believe in you own BS? That's not very healthy according to this ex-member of Idiots Anonymous. If you need my help, call me up anytime 24/7. I'll set you up straight. ;)
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