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What The Stock Market Is Saying
townhall.com ^ | November 12, 2008 | Philip D. Nathanson

Posted on 11/12/2008 2:30:15 PM PST by cal08sun

The stock market is sending two messages. First, it is voting no confidence in the bloated "New Deal" remedies of Ben Bernanke, Henry Paulson and Congress that are causing an economic downturn. Second, it is saying that the real economic cost of the bailout will be much greater than the projected $700 billion in direct expenditures. We face years of government interference via credit allocation, pay scale determination and a host of explicit and implicit new regulations. All will lead to a massive mis-allocation of resources. The U.S. stock market has fallen about $5 trillion in value the past two months. This is its estimate of the direct and indirect costs of the current "rescue" program.

(Excerpt) Read more at econsense.blogtownhall.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: 110th; bailout; bho2008; djia; economy; paulson; stocks; wallstreet
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1 posted on 11/12/2008 2:30:16 PM PST by cal08sun
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To: cal08sun

About that wealth that 0bama wants to spread around: it evaporated.


2 posted on 11/12/2008 2:33:11 PM PST by Post Toasties (It's not a smear if it's true.)
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To: cal08sun
The U.S. stock market has fallen about $5 trillion in value the past two months.

No it has not. It never had that 'value' to begin with.

3 posted on 11/12/2008 2:34:19 PM PST by Lorianne
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To: cal08sun

If the government really thinks they can help business, they should support new business’ that are struggling o compete against the giants, not propping up the giants who have failed to compete


4 posted on 11/12/2008 2:36:02 PM PST by shuckmaster (An oak tree is an acorns way of making more acorns.)
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To: cal08sun

The financial turmoil is not nearly as bad as the unionization that will result from public voting for representation.

The greats of America will be destroyed. The southern automakers will be destroyed. Walmart, Home Depot, Lowes, all the great retailers will be destroyed.

In short, the unionization proposed will bring economic doom.

A revolution will follow. The cities will be destroyed.


5 posted on 11/12/2008 2:36:52 PM PST by bert (K.E. N.P. +12 . Save America......... put out lots of waferin)
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To: cal08sun

Third, and most importantly, the market is signalling complete disbelief that the American people would vote for a Marxist of dubious lineage for the highest office in the land.


6 posted on 11/12/2008 2:37:46 PM PST by Ingtar (For the first time in my adult life, I am NOT proud of America.)
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To: shuckmaster

It says we’re going into a depression before “They” officially say we’re going into a recession.


7 posted on 11/12/2008 2:38:36 PM PST by hkp123
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To: shuckmaster

Bankruptcy is the way perfectly useful assets are handed over to a new, more deserving management which comes to the scene better prepared to use them for the good of humanity and the economy.


8 posted on 11/12/2008 2:39:03 PM PST by muawiyah
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To: Ingtar

Exactly. How could the author have left out the Obama factor?

I need a drink.


9 posted on 11/12/2008 2:39:28 PM PST by fullchroma
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To: cal08sun
Tarot Card Reader ???????
10 posted on 11/12/2008 2:40:19 PM PST by org.whodat ( "the Whipped Dog Party" , what was formally the republicans.)
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To: bert
When you have extensive government interference in your part of the market it's best to unionize simply for personal protection.

Where the government extends only benign instruction, regulation or interference, unions have nothing to offer that can't be provided by the employer.

Let's use hospitals as an example. When the government nationalizes medical care doctors and nurses would be considered stupid to not have a union to protect them from the state.

Another example, the Postal Service is almost totally unionized.

Another example, UPS was set up by its founders to be unionized ~ those guys had worked for the Post Office Department and looked at the union as a way of keeping the government out of their business.

I doubt Obama is prepared for the period of labor strife that will ensue if he attempts to implement even a tenth of his BS ideas.

11 posted on 11/12/2008 2:45:04 PM PST by muawiyah
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To: bert
BTW, I remember the world before Walmart and Home Depot. People bought and sold everything just like they do today.

Amazing eh?!

12 posted on 11/12/2008 2:45:52 PM PST by muawiyah
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To: cal08sun

I’ve often wondered what was so bad in Germany that forced my great grandparents to pack up all of their personal belongings and climb on a creaky ship to leave Germany and come to America. Things must have been pretty bad back in “the old country”.

Now that I see what’s happening here in the USA I am beginning to understand why how my great grandparents could make the decision they did.


13 posted on 11/12/2008 2:48:49 PM PST by NRG1973
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To: cal08sun

Rorschach inkblot test alert.


14 posted on 11/12/2008 2:53:16 PM PST by BlueYonder
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To: bert
A revolution will follow. The cities will be destroyed.

You forgot to mention that hyperbole will rule.

15 posted on 11/12/2008 2:55:24 PM PST by BlueYonder
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To: NRG1973

the saddest part of your post is where do we, as Americans pack up and take a creaky ship to?


16 posted on 11/12/2008 2:55:35 PM PST by CanadianMusherinMI (drill baby drill/mine baby mine!)
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To: CanadianMusherinMI

Great Question! The problem is there was hope in America. Where do we go to find hope? And I don’t mean the “word” as thrown around by Obama. We saved Europe from Hitler. Who will save us?


17 posted on 11/12/2008 2:57:26 PM PST by Terry Mross ( It's just a matter of time before we're all 'GUILTY' of hate speech.)
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To: bert

oh that’s nothing. first he’ll bring in a monetarist like volcker and send us into a serious deflation. Then he’ll get a keynesian and send us into a serious hyperinflation.


18 posted on 11/12/2008 2:57:45 PM PST by ari-freedom (So this is how Liberty dies... with thunderous applause)
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To: cal08sun

The stock market is saying our seed corn has been exported and recovery is not in sight. Time to rebuild America.

MAKE HERE MAKE NOW.


19 posted on 11/12/2008 3:02:34 PM PST by ex-snook ("But above all things, truth beareth away the victory.")
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To: ari-freedom

you are probably right.


20 posted on 11/12/2008 3:09:12 PM PST by mwl8787
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