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it would seem that all of the outstanding anger would be supplanted by relief that as a country we may have steered ourselves out of a catastrophe.
For some, never.
If housing crisis fixed, they'd focus on debt and unemployment as the reason we are sinking like the titanic and hope is lost. If unemployment suddenly dropped it would be all about debt. If the debt then went away they'd probably all lean on impending food shortage, $500/barrel oil, and massive inflation that is perpetually around the corner.
On the other hand, it could be that the pie-eyed ding-bat "optimists" tend to be folks who would buy houses that could never go down, because real estate always goes up.
I guess my disrespect for the Happy Daze Optimist club is the total lack of any analysis that goes beyond a Happy Presentation. While the jabber is about look-at-the-$700-Billion-being-repaid (on paper -- the presentation) there is the TOTAL absence of any view or concept of what REALLY went on with 9 TRILLION in real bailouts, that are totally unaccounted, untracked, and were intended to be held secret . . .
The $3.3 trillion in emergency loans and other assistance and more than $9 trillion in more than 21,000 short-term loans and other financial arrangements were disclosed by the Federal Reserve on their Web site in response to a provision by Sen. Bernie Sanders in the new financial reform law. The figures revealed dwarf the $700 billion Treasury Department bank bailout out signed into law under President George W. Bush - which Sanders voted against.
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Just how big of a lack-wit does one have to be to not figure out there is a Con Job going on?
The job of the Fed is to act as lender of last resort and not to incite a run on all banks when they do it. To give a minute-by-minute description of who got a loan during the middle of a financial panic would just invite a complete disaster would it not?
If housing crisis fixed, they'd focus on debt and unemployment as the reason we are sinking like the titanic and hope is lost. If unemployment suddenly dropped it would be all about debt. If the debt then went away they'd probably all lean on impending food shortage, $500/barrel oil, and massive inflation that is perpetually around the corner.
markets love a wall of worry .... keep em coming. so far our portfolios have been doing fine. the day the worlds issues go away im selling out.
markets love a wall of worry .... keep em coming. so far our portfolios have been doing fine. the day the worlds issues go away im selling out.
People love sitting on a powder keg of risk as long as they have the perception of making money. Human nature proves most of us would rather gain for 5 years and loss most of it in one short time, as opposed to losing small amounts for years by taking small amounts of risk and than making a fortune in one year. The market makes sure it gives us what our brains desire.
The job of the Fed is to act as lender of last resort and not to incite a run on all banks when they do it. To give a minute-by-minute description of who got a loan during the middle of a financial panic would just invite a complete disaster would it not?
Yes, of course, how silly of me.
That corporate loans to say . . . McDonald's and Caterpillar should be kept secret is only prudent. We would not want the little people to be aware of these things . . . they may stop buying Happy Meals or something.
Here is what I do not get. If we lose a McDonald's restaurant or ten, makes no difference to nobody. Meanwhile the Fed has sat on its hands while millions have been foreclosed and/or had personal interest rates jacked to 30%+. Then they make corporate loans at zero or near zero interest, and save the top end while the mass of America is screwed over.
Wait a second, I think I do get it. As you say -- A Financial Panic -- A Titanic moment, as it were. First Class is given the lifeboats, while the masses are locked below deck. Same game, different century. And the band plays on.
That corporate loans to say . . . McDonald's and Caterpillar should be kept secret is only prudent. We would not want the little people to be aware of these things . . . they may stop buying Happy Meals or something.
Here is what I do not get. If we lose a McDonald's restaurant or ten, makes no difference to nobody. Meanwhile the Fed has sat on its hands while millions have been foreclosed and/or had personal interest rates jacked to 30%+. Then they make corporate loans at zero or near zero interest, and save the top end while the mass of America is screwed over.
Wait a second, I think I do get it. As you say -- A Financial Panic -- A Titanic moment, as it were. First Class is given the lifeboats, while the masses are locked below deck. Same game, different century. And the band plays on.
Very true and the ones who caused it lose nothing and are not punished.
I guess my disrespect for the Happy Daze Optimist club is the total lack of any analysis that goes beyond a Happy Presentation.
You label anybody that doesn't believe the world is ending an "optimist". Almost every economic indicator has improved over the last 1-2 years, you just not willing to even bother researching matters. You believe what you want and that's that.
That corporate loans to say . . . McDonald's and Caterpillar should be kept secret is only prudent. We would not want the little people to be aware of these things . . . they may stop buying Happy Meals or something.
Here is what I do not get. If we lose a McDonald's restaurant or ten, makes no difference to nobody. Meanwhile the Fed has sat on its hands while millions have been foreclosed and/or had personal interest rates jacked to 30%+. Then they make corporate loans at zero or near zero interest, and save the top end while the mass of America is screwed over.
Wait a second, I think I do get it. As you say -- A Financial Panic -- A Titanic moment, as it were. First Class is given the lifeboats, while the masses are locked below deck. Same game, different century. And the band plays on.
You would prefer large corporations to go into default because some corner of the lending market seized up in a panic? Ok, that makes sense.
Poster: GDP is growing at a solid rate, corporate profits are up, and consumer spending is positive but we still have massive debt, unemployment is turning around too slowly, and the housing crisis doesn't seem to be able to find a bottom.
PhilipT: Pie in the sky optimist!
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