Posted on 09/26/2008 6:37:32 AM PDT by semantic
>>To all you who know the world is coming to an abrupt end take note. <<
I’m not seeing any of those here. I’ll bet there are a few at DU though. ;)
Obviously, I agree.
Is it true that the rats told the President to shut up yesterday during their meeting? And that they told him he only had 4 months left in office so stay out of it? Per Fox and Friends?
Bookmark
Deflation? I don’t see any sign of it. Assett bubbles popping maybe. But moetary inflation is going full bore. We just increased the debt from $9.5 to $10.5 billion and Paulson wants to raise it again to $11 and change.
It’s the monetary inflation that is driving the price inflation. I guess if enough bubbles pop and enough money is destroyed at some point the M3 goes down, but I don’t see that we are anywhere near that point.
We’re like Zimbabwe. Bought any goceries lately?
Down a whole 86 right now (40 min later)
Yes, I’d say it’s more of a Heather Gray. ; )
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Oh, you typical Wall Street Metro-Man! Do you have your Homer Simpson boxers on today under that pin-stripped Armani suit?
LOL
It doesn't. I just like Steely Dan.
Will idiots ever stop the doom and gloom speculating?
Will the ostrich ever get his head out of the sand.
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Will the fat lady ever sing?
When today is done, we need a Meltdown Scorecard thread (under the assumption that no deal was done).
The direst things I saw were:
Dow drops below 9000
Oil above 130
Gold up 20%
Massive bank runs in the US by mid afternoon
Unfortunately I did not bookmark the threads. If any of you reading this have a bookmark to any of the predictions, please post here.
Looks like the threatened Armageddon scenario is not playing out at the moment.
I’m finding this rather fun.
No one has remarked on the political aspects of this. People have egos. Nancy Pelosi has led a scortched earth congress for 3 years (including her demagogic campaign of 2005).
The House Republicans have been called “corrupt” as a matter of routine by all the Democrat leaders. In fact the Democratic corruption is just as, or more, systemic as we have seen with Reps. Jefferson, Rangel, etc.
The House Republicans now have a chance to screw with Nancy and effectively brand her as the “woman who broke Wall Street”. I have to beleive that part of this is simple payback.
Payback is a b*tch as they say, and in this case it’s happening to a b*tch too!
When the R’s get serious they should probably require her to step down, or some other humiliating tribute. Perhaps Rangel forced to relinquish Ways and Means and Jefferson impeached?
You think Hank was trying to screw us? I do.
Since WAMU is out of the uncertainty column it might stabilize. Who knows. I would be a buyer here but I’m all tapped out (credit Warrent Buffett, Glib Master Jedi).
That's because the Street's biggest trump card is still available for play.....
Henry.
Nancy.
Both knees.
The first hour aint called the Amateur Hour for nothing. We’ll see.
NYMEX crude oil futures are actually down 2.92 on Bloomberg, to 105.10
Good grief, maybe people just enjoy it. I'm sure you have activities that you truly enjoy that many of the rest of the world would find completely undesirable. But, I will not ridicule your likes and dislikes.
I think the urgency of the bailout plan was overplayed. Smart investors would rather defer having a solution, than see the US economy stuck with a $700B deal that has earmarks covering it like a carpet of leeches.
The first circuit breaker would kick in at a loss of 10%.
The market looks pretty robust at this point. All this talk and it’s still hanging tough. It certainly makes you wonder about a friggin bailout is needed or not.
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