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06-11-2010, 07:47 PM
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10,494 posts, read 24,388,658 times
Reputation: 6696
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These guys are wrong. I know that because Obama and the other democrats on here have said the economy is improving.
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06-11-2010, 08:29 PM
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484 posts, read 2,088,068 times
Reputation: 314
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Quote:
Originally Posted by las vegas drunk
These guys are wrong. I know that because Obama and the other democrats on here have said the economy is improving.
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LOL,
Yes Obama and democrats are all the truth!!!! Lets do as they say and bend over 
One more bounce up and then humpty dumpty will crack again as he can never be put back together perfectly. |
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06-11-2010, 11:04 PM
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2,024 posts, read 4,823,906 times
Reputation: 1996
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Actually the biggest contrarian indicator is Ben Shalom Bernanke himself. Basically everything he says about the economy has been 100% wrong and he has lately been talking up the economy again so expect the opposite to what he says to happen. Tim Geithner is also a pathological liar and is constantly wrong. Destroying peoples confidence in the markets like this and ultimately the monetary system is very bad. Also the laws and regulations we have now seem to only apply to regular people like those who post here and not those who destroy our environment like BP or those who destroy our financial system like JP Morgan, Goldman Sachs and on and on. They get to keep the profits and pass on the risk to taxpayers. This is end of empire type of stuff going on.
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06-11-2010, 11:23 PM
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Location: San Francisco, CA
15,091 posts, read 11,990,946 times
Reputation: 14225
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Quote:
Originally Posted by las vegas drunk
These guys are wrong. I know that because Obama and the other democrats on here have said the economy is improving.
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Nope, Obama's plan can't move these kinds of global trends. But the real news here is that simple Republican budget cutting is not going to bring us back from the brink, either - read Soros's comments again and see if you can spot where he infers this. |
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06-12-2010, 01:40 AM
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Location: Los Angeles, Ca
2,884 posts, read 5,394,793 times
Reputation: 2747
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As vilified as Soros is, he does have a better track record than Obama. Maybe Bo is his economic prognosticator. Bo knows more than Mr. "Shalom Bernanke", haha.
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06-12-2010, 12:38 PM
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Location: Nebraska
188 posts, read 245,533 times
Reputation: 286
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Quote:
Originally Posted by k374
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Well if you look at historical measures of value the DOW should be priced somewhere around 9100, however the housing market still hasn't hit bottom in relation to historical price values. Housing prices are still far higher above the inflation line than they should have been, and so I believe those will continue to fall. Especially once the government gets out of the way and quits throwing money at a problem that will correct itself either today, or in the future (once there is no more stimulus). But this is what everybody is taught in college now (and it's modern economic thinking), they think we can somehow defy the laws of economics by stimulating, even though recessions are corrections to the actual problem (the bubble). Just like we can't change the laws of physics or math, we can't change the laws of economics (no matter how much we want to).
So, In my opinion, we still have a long way to go in the correction process of the economy but the stock market made its correction in 2008. In fact, the stock market over corrected itself by going so far down (as tends to happen in corrections). But, we've seen the lowest lows of the stock market because the government can't artificially inflate the stock market like they have been housing prices and consumer spending. |
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06-12-2010, 02:17 PM
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Location: Great State of Texas
86,068 posts, read 76,638,376 times
Reputation: 27642
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Quote:
Originally Posted by hskrfan2187
Well if you look at historical measures of value the DOW should be priced somewhere around 9100, however the housing market still hasn't hit bottom in relation to historical price values. Housing prices are still far higher above the inflation line than they should have been, and so I believe those will continue to fall. Especially once the government gets out of the way and quits throwing money at a problem that will correct itself either today, or in the future (once there is no more stimulus). But this is what everybody is taught in college now (and it's modern economic thinking), they think we can somehow defy the laws of economics by stimulating, even though recessions are corrections to the actual problem (the bubble). Just like we can't change the laws of physics or math, we can't change the laws of economics (no matter how much we want to).
So, In my opinion, we still have a long way to go in the correction process of the economy but the stock market made its correction in 2008. In fact, the stock market over corrected itself by going so far down (as tends to happen in corrections). But, we've seen the lowest lows of the stock market because the government can't artificially inflate the stock market like they have been housing prices and consumer spending.
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But the big banks can and the government handed them plenty of money to play with. GS became a bank overnight and got handed billions and look at them today. Trading statistics show that the institutions and banks are doing most of the wheeling and dealing on Wall Street.
Main Street is hunkering down with trillions sitting on the side earning paltry interest. |
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06-12-2010, 02:20 PM
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Location: Fairfield, CT
6,327 posts, read 9,286,040 times
Reputation: 7302
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Quote:
Originally Posted by HappyTexan
But the big banks can and the government handed them plenty of money to play with. GS became a bank overnight and got handed billions and look at them today. Trading statistics show that the institutions and banks are doing most of the wheeling and dealing on Wall Street.
Main Street is hunkering down with trillions sitting on the side earning paltry interest.
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Government policies are favoring debtors over savers. Of course, this just encourages more of the behavior that created the whole mess in the first place.
Right now, many people are more worried about capital preservation than returns. There's a fear they'll potentially lose 30-40% if the market takes another swoon, so better to be earning that crummy 1% in the bank than risk a loss of that magnitude. |
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06-12-2010, 02:22 PM
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8,265 posts, read 11,196,577 times
Reputation: 4788
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Quote:
Originally Posted by k374
I think there are SIGNIFICANT risks of a decline in both the STOCK and the HOUSING markets"
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Bold prediction after a dump from eleven five to tennish. Be nice if he's mentioned that six weeks ago.  |
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