Posted on 10/09/2008 5:48:37 PM PDT by AmericanInTokyo
Neither of the candidates has a clue on the economy. Havent you watched the debates?
Anyone living on fixed income would cash out or move to Treasuries...or Ginnie Maes.
Word up. I don’t pretend to understand it but it seems to be much bigger than mere politics.
Marx was right about 1 thing—that economics is the substructure that supports all other facets of living.
No. I didn’t say that.
I’m just surprised that you get away with attacking another poster for asking a simple question, when you have only been here one month.
No, the two are connected... only his poll numbers rise the further the market crashes. It isn’t his poll rise that is crashing markets.
Thank you for a first hand report!
I wonder if they’ll be pushing their TV commercials this Christmas showing him surprising her with a new Lexus in the driveway, with that big red ribbon on it.
Yamaka Life has failed. —CNBC
It is difficult to not think there is some link regarding ACORN investigation, its’ links to F/FM, and 0bama to the mortgage credit crisis. To make those leaps now...
I’ll give the market would need to know more than we do and they don’t. (?) Unless the corrupt are bailing and insider information etc.
What a freakin’ tinfoil conspiracy!
Stan Goff Sat Sep 29, 4:26 PM ET
When I suggested that everyone vote in Democrats in 2006, I said at the same time that this was no endorsement. I said that without their minority status to fall back on, they would be exposed as co-imperialists with the Republicans to all who still bore Sisyphean hopes for that agglomeration of political oxygen theft.
In 2003, I said that Democrats would have invaded Iraq; and that they had every intention of staying. This is part of a systematic redisposition of the post-Cold War US armed forces. Bill Clinton was looking at the same plans, and they are all the same. Put the imperial troops on permanent bases in Southwest Asia.
This is not a Bush war. The Democrats have co-signed this crime every step of the way, and they intend to continue the adventure until we have Saigon 1975 Redux.
They just overwhelmingly authorized a resolution declaring the armed forces of another sovereign nation to be a terrorist group. They have consistently authorized pantopticon surveillance. Now they are in unison saying the war will last for ten, maybe 20 years, and they will not stop it even if they are in power.
Wanna hear the funny part? The Republicans are going to beat their *sses in 2008, and a lot of us aren’t going to lift a finger to stop it from happening.
They are worse than Republicans, because they are the half of the con that is pretending to be our friend.
If we want to invest our hopes in anyone about this war, then it needs to be in a GI rebellion or a catastrophic economic collapse.
There are more and more right now who are saying that after they cast their ballot for Dennis Kucinich in the primary, we’ll be showing up a year from November with signs explaining why we are letting the Democrats sink into their own *hit.
Now they are exposed. There will be no lesser-evil war. Elections haven’t been democratic here ever; and we are tired of the sham. Now everyone can see it is a sham.
Now we need to throw sand in the gears. Or be good little Germans, vote quietly, and ignore the smoke. Your choice.
http://news.yahoo.com/s/huffpost/20070929/cm_huffpost/066395;_ylt=AhkZG9__MZwUqYcduoMYEehkM3wV
The link no longer works due to age. But something about a catastrophic economic collapse from the lefty...?
As a matter of historical truth, we have had depressions once every 60 years or so. We’re now way overdue for one.
Happy I went from mutual fund to cash today.
I was not attacking her personally, rather, I have seen several posts blaming 0bama’s rise in the polls for the continuing meltdown.
I just do not believe that to be the case, and if I offended you or any other poster, please accept my apologies, thanks.
I never meant to offend anyone here, we are all on the same side.
This is utter capitulation - panic irrespective of underlying value. In other words: fear has grabbed hold of the markets and is shaking them down for every loose penny. I would not expect to hear much from George Bush because he has no authority left other than that which he chooses to take upon himself - and he has thus far shown no inclination to act. We need a stock market and bank holiday to allow people to calm down and realize that the companies they are thoughtlessly savaging still have great intrinsic value. That realization may come tomorrow - I pray.
Being the one that was accused of being ignorant, I suggest we let that go and move on. I understand everyone’s frustration and I also understand that in the middle of a crisis someone comes along asking lame questions and it is an annoyance. Understand:) So I will just hang around and read and see what I can learn:)
I thought the NYSE had a circuit breaker. Is it that we haven’t reached that big a drop yet? Hedge Funds must have made a dump today, or maybe short selling is back in full force??
the only good news is that oil is plunging to $82. The radical regimes in the middle east will suffer as well.
The only country that may come out of this stronger will be China.
Folks,
Please understand the seriousness that will be taking place tomorrow.
Friday morning there will be an auction to set prices on the CDS contracts from Lehman Brothers. It is expected that the bond holders will only recover 7 to 10 cents on the dollar. This means that thousands of companies will have MASSIVE write-downs to make. Job layoffs and/or insolvency will follow.
We get to play the game all over on Monday. There will be auctions held for the CDS contracts of Fannie Mae and Freddie Mac.
We’ll see if we still have an economy on Tuesday.
President Bush will be addressing the nation tomorrow morning around the time of market open.
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