Suckers anyone?
I’ll take lemon, thank you. (even though it is not a choice)
Because “lemon” is what this whole bail-out scheme has become. There has been NO effort to separate out the toxic mortgage products upon which this whole facade has been built, the junk just stays in there, continuing to work its mischief.
Worse, now that the financial framework is so thoroughly undermined and weakened, the least teeter the wrong way, and down it goes, like the proverbial house of cards. This is something like the build-up of an avalanche overhang, then when it does break loose, everything in its path is wiped out.
Beyond that, after the collapse has come, there is no engine left in place to get the system restarted. Even small amounts of capital will be effectively dissipated when the new “carbon cap and trade” taxation kicks in, making the widescale production of electrical energy prohibitively expensive, because of its concentration on coal-fired steam generation plants. Now that demand is down, and plants are being shut down or idled, there is not much of a noticable problem. Only when the industrial infrastructure tries to ramp back up, is the really punishing effects of this policy to be seen.
And all other alternatives (natural gas, petroleum fired, nuclear, or even hydroelectric plants) have been ruled out, relying instead on wind and solar power generation facilities that have not even been designed or located, let alone built and up running reliably (which shall be NEVER).
This whole thing was so obvios: Accounting rules change and within a week or two the banks show record profits?!
HAHAHAHA!
I was LITERALLY laughing out loud at that when I saw the first one. Just how stupid can people be?
Dead serious.
not me, i fought the urge and did not jump back in...whew!!!
RE: “Suckers anyone?”
Cute and colorful lollipops there!
Yes, a suckers’ rally is what we saw there for about a week. It’ll be up and down for some time — not good news.