girl gone mad
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Thu Aug-04-11 07:50 PM
Response to Reply #6 |
| 13. Correct. Years of hideous economic policy.. |
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Edited on Thu Aug-04-11 08:05 PM by girl gone mad
will now come back to bite us in the ass.
The banks should have been nationalized (pre-privatized if that makes it more palatable) and bondholders should have been forced to take haircuts.
That didn't happen. Quantitative easing was always destined to be an exercise in futility. One way or another, the malinvestments will come home to roost.
The only way out of this for the average person is for the government to finally reign in the financial sector and put more money into the real economy. The former is not going to happen as long as bank lobbyists and neoliberals control our government, the latter won't happen as long as corporate lobbyists, neoliberals, teabaggers and morons control our government.
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| -Japanese stock market just opened... |
thewiseguy |
Aug-04-11 07:06 PM |
#0 |
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It probably didn't drop 3%, it probably opened down 3% |
MidwestTransplant |
Aug-04-11 07:07 PM |
#1 |
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No it did drop another 150 points after openning---Now it is down 4% and dropping like a rock |
thewiseguy |
Aug-04-11 07:09 PM |
#3 |
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Teabaggers aren't that powerful.....just stop with that meme. |
BillyJack |
Aug-04-11 07:08 PM |
#2 |
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Perhaps not all but the extremely wealthy and their politicians have used |
Skidmore |
Aug-04-11 07:09 PM |
#4 |
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Export nations depend on their best customers recovering to full health |
kenny blankenship |
Aug-04-11 07:14 PM |
#5 |
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What's really happening |
sendero |
Aug-04-11 07:20 PM |
#6 |
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Please expound upon this can kicking and the bad debt. Whose debt is it? Please..... |
dissidentboomer |
Aug-04-11 07:28 PM |
#8 |
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Sovereign debt, aka nation state debt |
nadinbrzezinski |
Aug-04-11 07:31 PM |
#10 |
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Who should pay for this "debt"? Please.... |
dissidentboomer |
Aug-04-11 07:34 PM |
#11 |
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The last time, during WW II, technically, it was wiped from the board |
nadinbrzezinski |
Aug-04-11 07:39 PM |
#12 |
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How about the wars? Did they contribute? The tax cuts - Who did they benefit? |
dissidentboomer |
Aug-04-11 07:51 PM |
#14 |
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I'm not particularly.. |
sendero |
Aug-04-11 08:03 PM |
#18 |
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Why the last time around.. one third was wiped out |
nadinbrzezinski |
Aug-04-11 08:11 PM |
# |
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Uh huh. Ok. Thanks. As a non-banker, a person who has never defaulted or missed a payment, middle |
dissidentboomer |
Aug-04-11 08:17 PM |
#25 |
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It's not jsut the US. Actually, as bad as it sounds here, |
nadinbrzezinski |
Aug-04-11 08:20 PM |
#27 |
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You're not. |
sendero |
Aug-04-11 08:25 PM |
#29 |
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Ah hah! I'd like a pound of wealthy banker flesh, PLEASE!!!!! |
dissidentboomer |
Aug-04-11 08:27 PM |
#30 |
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You and me both.... |
sendero |
Aug-04-11 08:38 PM |
#37 |
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I'm afraid so and they have convinced many otherwise bright people |
dissidentboomer |
Aug-04-11 09:12 PM |
#39 |
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Fellow wanker... |
nadinbrzezinski |
Aug-04-11 08:32 PM |
#33 |
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The wars have contributed, and quite a bit mind you |
nadinbrzezinski |
Aug-04-11 08:09 PM |
#21 |
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golly gosh! LOOK at that RED under the steady hand of Yalie bush, Jr.! |
dissidentboomer |
Aug-04-11 08:20 PM |
#26 |
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And notice that last year it was already going down |
nadinbrzezinski |
Aug-04-11 08:31 PM |
#32 |
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That's my call, too. Sound and fury signifying |
dissidentboomer |
Aug-04-11 08:37 PM |
#35 |
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These were private debts. |
girl gone mad |
Aug-04-11 07:55 PM |
#16 |
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Oh my! Really? |
dissidentboomer |
Aug-04-11 08:22 PM |
#28 |
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Correct. Years of hideous economic policy.. |
girl gone mad |
Aug-04-11 07:50 PM |
#13 |
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Baggers didn't cause this sell off... |
Imajika |
Aug-04-11 07:23 PM |
#7 |
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I think both had an effect. |
DCBob |
Aug-04-11 07:54 PM |
#15 |
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Italy and Spain are falling off a cliff... |
Imajika |
Aug-04-11 08:07 PM |
#20 |
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Yes. And the ECB has blinders on and hasn't helped. |
DevonRex |
Aug-04-11 08:28 PM |
#31 |
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I agree sorta.. |
sendero |
Aug-04-11 08:11 PM |
#22 |
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Maybe the debt ceiling debacle could be thought of as the end of the music |
kenny blankenship |
Aug-04-11 08:15 PM |
#24 |
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All crashes.. |
sendero |
Aug-04-11 09:01 PM |
#38 |
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I agree with much of what you say... |
Imajika |
Aug-06-11 11:09 AM |
#40 |
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down over four percent |
nadinbrzezinski |
Aug-04-11 07:30 PM |
#9 |
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But the Japanese market follows the US. Maybe US will rebound tomorrow |
Liberal_in_LA |
Aug-04-11 07:59 PM |
#17 |
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They are going to have to shut it down. |
YellowRubberDuckie |
Aug-04-11 08:04 PM |
#19 |
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Do they have trading breaks? I know we do |
nadinbrzezinski |
Aug-04-11 08:12 PM |
#23 |
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trait times open... same way |
nadinbrzezinski |
Aug-04-11 08:33 PM |
#34 |
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Here's a link. |
rug |
Aug-04-11 08:37 PM |
#36 |
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Thanks rug. |
lonestarnot |
Aug-06-11 11:19 AM |
#41 |
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