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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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To: muawiyah

Right, I said inflation will come “eventually.”

We could use a nice dose of deflation right about now.


81 posted on 11/13/2008 4:18:59 AM PST by Boiling Pots
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To: muawiyah

The figure of 7% was selected because it seemed low enough to be tolerable and about as high as it can go without severe grumbling. Secondly it will compound to double in around the nice round number of 10 years. I really have no strong evidence about quantifying the rate.

The point is that rulers always inflate to solve problems of national debt.


82 posted on 11/13/2008 5:03:49 AM PST by bert (K.E. N.P. +12 . Save America......... put out lots of waferin)
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To: cal08sun
Myself, I am looking forward too seeing all the 18-24 year old, sit on their butts, eating pizza, playing video games, crowd have to actually get up and commit to FREE work. They are so fond of FREE stuff, that now they get too “volunteer” to do free time as MANDATED by the Obama Politburo and Head Thug In Charge RUN Emannnuuuuelllll.
83 posted on 11/13/2008 5:06:28 AM PST by RetiredArmy (America is entering four very long and cold years. First victim: liberty)
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To: bert
The "national debt" problem we have is that Trillion Bucks the Chinese keep in their banks (mostly in Hong Kong and Taipei) and think of as Imperial Jade or Gold.

They've been into this paper money thing far longer than we have.

By not revaluing the Yuan they deflate the value of our money in their vaults, and that, in turn, deflates the value of our money everywhere ~ even here!

I don't think they're going to try to redeem it any time soon. That's because it would inflate the value of the Yuan, and since it's such a large chunk, they'd probably make quite a bit unloading the first half trillion but they'd lose their shirts on the second half trillion.

We can't even "inflate" our way out of this one because the dollar is currently way undervalued. All we an possibly do is reach parity where one dollar is one dollar.

84 posted on 11/13/2008 6:00:13 AM PST by muawiyah
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To: Texas Songwriter

There’s a Billy Joe Shaver song that says “I’d have never felt the sunshine if I hadn’t felt the rain”.

I’m afraid there are two many spoiled people in this country who’ve lived in sunshine their whole lives. Their idea of freedom is plenty of food to eat and a television to watch American Idol.


85 posted on 11/13/2008 6:33:55 AM PST by Terry Mross ( It's just a matter of time before we're all 'GUILTY' of hate speech.)
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To: muawiyah
Seen many such lists before. All suffer from the error of crediting Commies with having a full thought process that can look ahead 5 or 6 steps.

Commies ain't that good.

That was written in the late forties or early fifties and read on the floor of the House of Representatives in 1963. That is a far sight longer than five or six years. Simply look around you and see how much on the list has already been accomplished.

If you can't see that then I better understand why you think that unions are an antidote to government interference and why union controlled USPS can't on their own raise prices. It is more an honor among thieves thing than a counter balance of power. If USPS wants or needs more money then the government will give it to them either through subsidies (taxpayer money) or through increased postage prices (consumer/taxpayer money).

How much has the UAW protected the automakers from onerous taxes and regulations that strangle them? The combination of taxes, regulations, and unions is why the auto makers are near extinction.

86 posted on 11/13/2008 11:46:01 AM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: Mind-numbed Robot
We are now ruled by senators (Schumer) who says....'spreading the wealth is a good thing'. Obama wants to punish achievement. Obama says the system (free enterprise system) has been an utter failure an must be replaced.....I ask....with what? What are the choices. He has been groomed since birth by a self-described communist, his mother. His mentor was Frank, a man who wrote books about the virtues of communism and the villany of capitalism. Ayers, another communist, was his confidant. He will rule as one fulminating marxist ideology, but using words redefined to sound euphemistic.

Democrats have always tended socialist, but now we have a full-fledged communist running our country. I fear it will take more than letters to congressmen to wake people up. But first it must and will get very, very economically rough so Obama can say, "See, this is what capitalism gets you!" I can see it playing out as I write. And a majority of Americans will embrace him because he is change, he is black, he is something 'else' which can, in their minds, be an improvement.

87 posted on 11/13/2008 7:11:30 PM PST by Texas Songwriter
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To: Terry Mross

Merle Haggard wrote, “A Hard Depression Time Would Sure Do Fine”, and “In the Good Ole Days When Times Were Bad”. I hope not to visit those days, but they are just around the corner for America. People will demand their decadence...their TVs, movies, McDonalds. Obama will placate but will have no substantive delivery of markets. I find it funny that Obama was elected on the ether of Change and then demands Bush pony-up $50 billion to the automobile manufacturers. I thought democrats railed against industry. They were his enemy, the enemy of the little man. He isn’t out there calling for paying off the subprime debt to get the little guy out of dutch. He is calling to get GM, Ford, AIG, the banks out of dutch. Hell, with the trillins he is spending they oculd have payed off every bad loan, given the people their houses for free, removed the subprime losses from the banks books....Yes, and if a frog had winges he could romance a pigeon.


88 posted on 11/13/2008 7:20:51 PM PST by Texas Songwriter
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To: Texas Songwriter

A Hillary as SOS. Man, that’s change we can believe in. Yes, we can.

I can’t wait for some O supporter to bring up what he’s doing. But, it’s funny that lately I haven’t heard one person saying they’re glad he won.

I hope the Mayans are right. Only 4 years of this crap.


89 posted on 11/14/2008 6:40:58 AM PST by Terry Mross ( It's just a matter of time before we're all 'GUILTY' of hate speech.)
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To: cal08sun

http://www.youtube.com/watch?v=BGRN39oifsE


90 posted on 11/14/2008 6:43:27 AM PST by djf (The harsh reality of life is that reality is harsh.)
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