Investment

» axolotl - SOROS IN DAVOS SAYS IT WAS GREENSPAN

.....and he describes the crisis as the largest in over 60 years. However, he does not predict gloom and doom like Some who post here - maybe he does not want to panic anyone? Market via program trading goes from 300 points down to 300 up in one afternoon. WOW!

-- posted by axolotl

» Jas_Jain - RE: SOROS IN DAVOS SAYS IT WAS GREENSPAN

In response to SOROS IN DAVOS SAYS IT WAS GREENSPAN posted by axolotl:

--
Some crank could told you that ten years ago, but dopes only believe in authority figures, who are part of the gang, e.g., Soros. Greenspan and Soros are cut from the same cloth -- manipulators.

A born-and-bred American dope is a worshiper of authoritarianism and he, or she, will pay the price like Germans did hundred years ago. Form of evil is different but the essence is the same.

Jas

-- posted by Jas_Jain

» Normxxx - SOROS IN DAVOS SAYS IT WAS GREENSPAN

In response to SOROS IN DAVOS SAYS IT WAS GREENSPAN posted by axolotl:

Ah-h-h! The power of the PPT!*

*Plunge Protection Team (google it)
http://www.telegraph.co.uk/money/main.jh... (Even the Brits know about this scam.)

-- posted by Normxxx

» Normxxx - Monoline Bailout?

Credit Market Cheered By Monoline Bailout Plan

http://normxxx.blogspot.com/2008/01/mono...

-- posted by Normxxx

» Normxxx - Capitalism's enemies within- Robert Samuelson

In response to Capitalism's enemies within- Robert Samuelson posted by permabear:

And these folks, who have been living high on the hog in their multimillion dollar apartments in Manhattan are largely to blame for the coming collapse of the overall economy. Just as in the Enron debacle, the greed of these Wall Street insiders is going to blow up in their faces, when the public and the government comes back asking for payback.

If they're smart, they'll just relocate (preferably beyond the reach of interpol) for a few years. Remember my maxim: diversify, diversify, diversify; geographically and financially.

How many of the Enron and other major miscreants of 2002 went to prison? Maybe a handful.

Never overestimate the intelligence or length of memory of the average American- out of sight, out of mind. In a few years, we'll be wrestling with other panics.

P.S. The Supremes have just ruled that collusion in a conspiracy to defraud is not grounds for fraud unless it's made public (especially if you're a lawyer or a bank/banker)!

-- posted by Normxxx

» permabear - A bad market? You ain't seen nothin'

http://articles.moneycentral.msn.com/Inv...

The next big credit shoe to fall may be credit default swaps (CDS for short).

-- posted by permabear

» Inya Ivkovic - The WSJ - Here Comes the Bailout

http://online.wsj.com/article/SB12011868...

» Jas_Jain - FWC: US slides into dangerous 1930s 'liquidity trap'

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There are many ways to identify a born-and-bred American dope when it comes to economics and politics, but none more reliable than someone who believes that the Fed, in particular, and Feds (Fed and USG), in general, can avert a depression. Just to give you an idea how moronic this belief in the Fed is, the Bubble-Blowing Greenspan-Bernanke Fed has guaranteed a depression by their policy of Pushing Debt on households and the private sector. They have no other choice, and a bad one, than to push more debt to artificially inflate consumption and the economy. For how long? The game is definitely coming to an end. And it would be a horrible end for America after a fantastic run.

Not only what the Fed does is unethical, but also it is very bad for the working class Americans. In another year there will be calls for Bernanke's head. Fed exists to take the blame for evil deeds of Bankrupters and Fraudsters of New York City and help them as long as possible before that happens. Americans are screwed because they are such dopes and can't see obvious exploitation of the working class by a group of evildoers.

Jas

-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-

http://www.telegraph.co.uk/money/main.jh...

US slides into dangerous 1930s 'liquidity trap'

By Ambrose Evans-Pritchard in Davos

Last Updated: 12:29am GMT 25/01/2008

The United States is sliding towards a dangerous 1930s-style "liquidity trap" that cannot easily be stopped by drastic cuts in interest rates, Nobel economist Joseph Stiglitz has warned.

...

-- posted by Jas_Jain

» permabear - FWC: US slides into dangerous 1930s 'liquidity trap'

In response to FWC: US slides into dangerous 1930s 'liquidity trap' posted by Jas_Jain:
You are dead on right Jas. What is ironic is that the media, politicians of both parties and stock market are all encouraging excess and irresponsibility. Every time that Greenspan would cut rates and ride to the rescue of the stock market and economy in the past 20 years, everyone would be cheering him on, calling him the "Maestro" and suggesting that the Fed could solve all the economic problems at will. The myth has continued to this day. Every hint of a Fed rate cut would send the market into an upside tizzy. Greenspan put, now Bernanke put. What the Fed has really done is just create a massive moral hazard, creating one bubble after another, not letting the economy work off its excesses in a natural business cycle. The endless pumping of the economy has led to unbelieveable imbalances that we are just getting a handle on lately. Bernanke is going to try the old magic of reflating and blowing up another bubble, but one of these days instead of the bubble blowing up, the economy will blow up instead. A breakdown in the dollar, due to all the Fed and government stimulus may be the match that lights the fire.

-- posted by permabear

» Normxxx - FWC: US slides into dangerous 1930s 'liquidity trap'

In response to FWC: US slides into dangerous 1930s 'liquidity trap' posted by permabear:

Stagflation, yes; a "liquidity trap," you're dreaming!

You can't have a 1930s' style "liquidity trap", unless real interest rates fall to near zero or below zero!

See also hyperinflation / deflation.

-- posted by Normxxx