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Reply #23: At this point there are people posting on this thread [View All]

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Jakes Progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 02:23 PM
Response to Original message
23. At this point there are people posting on this thread
who are posting without understanding either Krugman's article or without understanding the market. Maybe both.

No one knows exactly why the market is doing what it is doing. People are trying to interpret that. Some, like Krugman, know how global economies work. Others, like some here, have pet theories based on hunch, political predilection, or what someone else said.

I'll go with the guy who has been most consistently right about the economy so far. Me, I trust neither bonds nor stocks. Maybe I'm just paranoid, but I think the rich are trying to steal my money.

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  -KRUGMAN: "Aaauuuggghhh!" kpete  Aug-08-11 01:30 PM   #0 
  - Krugman has "Jumped the Shark".  nomb   Aug-08-11 01:44 PM   #1 
  - So. What exactly was his fib? That I don't care about S&P's rating? (I don't)  bluerum   Aug-08-11 01:48 PM   #2 
  - "This amounts to a massive market rejection of S&Ps concerns." - Krugman ignores the 500 point Elep  nomb   Aug-08-11 01:52 PM   #3 
  - moving at the speed of light to safe havens such as U.S. Treasury bonds  Douglas Carpenter   Aug-08-11 01:57 PM   #4 
  - Buying US Bonds was the basic Econ 101 response to the downgrade:  nomb   Aug-08-11 02:03 PM   #11 
     - and as your aticle points out:  Douglas Carpenter   Aug-08-11 02:14 PM   #17 
     - The basic message of that article is that the downgrade doesn't actually matter.  Unvanguard   Aug-08-11 02:19 PM   #20 
        - if an influential ratings agency like Standard & Poor's were to actually downgrade the U.S. governm  nomb   Aug-08-11 02:22 PM   #22 
           - That mechanism still doesn't make any sense.  Unvanguard   Aug-08-11 02:56 PM   #33 
           - Your post is a monument to ignorance. You are simply dead wrong.  Vinnie From Indy   Aug-09-11 03:18 AM   #46 
  - You are clueless. People are buying the very thing that was supposedly downgraded.  Viking12   Aug-08-11 01:58 PM   #5 
  - No.  BlueCheese   Aug-08-11 02:00 PM   #8 
  - Your argument is disingenuous.  Unvanguard   Aug-08-11 02:01 PM   #9 
  - Excellent post.  BlueCheese   Aug-08-11 02:05 PM   #12 
  - Do you not understand the difference between stocks and bonds?  Jakes Progress   Aug-08-11 02:17 PM   #19 
  - The smart money waited until the panicky types had acted  Warpy   Aug-08-11 02:23 PM   #24 
  - Doubt there will be much in the answer you can gleen from.  mmonk   Aug-08-11 02:00 PM   #7 
  - Fail.  WilliamPitt   Aug-08-11 02:14 PM   #18 
  - Really?  EstimatedProphet   Aug-08-11 02:21 PM   #21 
  - Yes  nomb   Aug-08-11 02:29 PM   #26 
     - No  EstimatedProphet   Aug-08-11 04:25 PM   #42 
  - You don't like Keynesian Economics?  jwhitesj   Aug-08-11 02:24 PM   #25 
  - Keynes is not served by, nor found within, populist falsehoods intended to stir up the mob.  nomb   Aug-08-11 02:34 PM   #28 
     - I don't understand what your trying to say.  jwhitesj   Aug-08-11 02:55 PM   #32 
        - No.  nomb   Aug-08-11 03:03 PM   #34 
           - I think I get it now  jwhitesj   Aug-08-11 03:06 PM   #37 
           - See post #9  muriel_volestrangler   Aug-08-11 04:23 PM   #41 
  - Best laugh I've had all month  saras   Aug-08-11 02:38 PM   #29 
  - See #26  nomb   Aug-08-11 02:40 PM   #30 
  - When was the Krugman piece written?  JDPriestly   Aug-08-11 03:03 PM   #35 
     - "Carnage in stock markets as I write and all ... attribute it to S&Ps downgrade" - P. Krugman  nomb   Aug-08-11 03:08 PM   #38 
  - Mr. Krugman I get it... you are really having a hard time  nadinbrzezinski   Aug-08-11 01:59 PM   #6 
  - No.  BlueCheese   Aug-08-11 02:02 PM   #10 
     - Read the comment from standards and poor, it is in black and white  nadinbrzezinski   Aug-08-11 02:06 PM   #13 
        - We'll have to disagree.  BlueCheese   Aug-08-11 02:07 PM   #15 
           - And we have a functional govenrment in DC?  nadinbrzezinski   Aug-08-11 02:09 PM   #16 
  - At this point the continued drop has more to do with Bank of America teetering.  MilesColtrane   Aug-08-11 02:07 PM   #14 
  - At this point there are people posting on this thread  Jakes Progress   Aug-08-11 02:23 PM   #23 
  - Yeah  jwhitesj   Aug-08-11 02:33 PM   #27 
  - Welcome to DU. We usually do that by proxy with a +1  TalkingDog   Aug-08-11 06:29 PM   #43 
  - There might be a chance you are right. BTW, I like to understate things sometimes.  mmonk   Aug-08-11 03:06 PM   #36 
  - Krugman is exactly right.  dawg   Aug-08-11 02:44 PM   #31 
  - I believe these major investors are just pissed at  Uncle Joe   Aug-08-11 03:15 PM   #39 
  - You want counter-intuitive? Here:  nomb   Aug-08-11 03:19 PM   #40 
  - To all posters (to this point) Awesome discussion!  TalkingDog   Aug-08-11 06:31 PM   #44 
  - I think the flight out of places like Asia to the U.S. Was a flight to safety  xchrom   Aug-08-11 07:28 PM   #45 

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