Market Crash 2011: It will hit by Christmas

[Jackpine Radical]

By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. (MarketWatch) — Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich.

We want to believe they’re telling us the truth. Silly, huh? Both trapped in this eternal “dance of death” controlled by programs hidden deep in our brains, telling us what to do, telling us to ignore facts to the contrary — till it’s too late, till a new crisis crushes all of us.

Psychology offers us a powerful lesson: Our collective brain is destined to trigger a crash before Christmas 2011. Why? We’re gullible, keep searching for a truth-teller in a world of liars. And they’re so clever, we let them manipulate us into acting against our best interests.

In fact, behavioral science tells us that bankers and politicians are lying to us 93% of the time. It’s 13 times more likely Wall Street is telling you a lie than the truth. That’s why they win. Why we lose. Because our brains are preprogrammed to cooperate in their con game. Yes, we believe most of their lies.


http://www.marketwatch.com/story/market-crash-2011-it-will-hit-by-christmas-2011-02-22

[geckosfeet]

1. I believe you.

[Curmudgeoness]

2. Bankers and politicians are lying 93% of the time!!!

Yikes. I just thought that I was skeptical.

[GReedDiamond]

3. Yeah, that number seems kinda low!...

...I'd put the bankster and career criminal/politician lying percentage at about 157% and counting.

[RKP5637]

4. It's a compulsion, no mystery, it's just another compulsion. Humans are

compulsive animals. It feels good to them and they're compulsive. All of us are compulsive in one way or another.

[SheilaT]

5. Really?

I've pretty much always found such predictions to be quite wrong.

Yes, the market is cyclical. It goes up. It goes down. People who go out on a limb and try to make specific predictions about when it will go up and how far, or when it will crash and how far, are usually wrong.

[ChoppinBroccoli]

6. A Comedian (Can't Remember Who) Summed It Up Very Nicely A Few Years Ago

He basically said that everybody complains that politicians lie, but if a politician ever came along who told everyone the truth, NOBODY would EVER vote for him/her. If a candidate steps up and says, "Yes, you can have all these good things you want...........but it's gonna cost you. You'll have to pay for them," that candidate wouldn't get a single vote. Instead, voters would rush out and vote for the guy who promises that they can have everything they want AND low taxes too.

As sort of an example of this, I always point to 2004, when Howard Dean came out and said, "Yes, we can have universal health care in this country, but you're going to have to give up your tax cut to pay for it." He plummetted in the polls. And guess who shot to the top of the polls: the guy who promised us that we could have universal health care and still keep our tax cuts too.

Americans WANT politicians to lie to them. How else can you explain how Bush got a SINGLE vote in 2000 or 2004, let alone enough to "win"?

We're dealing with that phenomenon right now here in Ohio. Santa Claus Kasich shows up on the scene and promises to take a State with an $8 billion hole in the economy AND eliminate income taxes altogether, along with kittens and puppies and free trips to the salad bar for anyone who wants them. Not even his running mate, who was supposedly the top accountant in the State, could explain how this was going to happen (when asked the question, she didn't have an answer). And the fucker got elected. Now we've got 4 years of this A-hole. Thanks.

[Jackpine Radical]

12. Walter Mondale proved the popularity of the truth in 1984.

Yeah-1984. The year everyone voted for Reagan to continue his fantasy bullshit.

[JCMach1]

7. I believe when the OP of the Marketwatch article puts all of their money short into the stocks they

think will crash and makes millions/billions...

Until then, as always CAVEAT EMPTOR. That goes doubly true for investment advice.

[Common Sense Party]

9. Well said. n/t

[Common Sense Party]

8. Every time Paul Farrell takes a dump, he predicts another market crash.

While he *MIGHT* actually wind up being right this time, take his Chicken Little schtick with a huge packet of salt.

[Godhumor]

10. I commented on this when it was posted back in February--I love that he predicts the 2011 crash by

Christmas. Leaves a total of 6 days in the year he could be wrong. Now, that's called stacking the odds!

[Snoutport]

11. Just in time to influence the election.

I wouldn't be surprised if that is their plan.

[YellowRubberDuckie]

13. I work for a bank.

We are mass hiring right now. 2nd quarter is supposed to be a Default BOOM. I work in the department after Foreclosure, where we sell off foreclosed homes. Our numbers have been anorexic lately, but we've been told to look out. We may be super busy really soon.
It's coming. They know it's coming, and it's really freaking scary. I guess I got into the right business though. The worse the economy, the better my job goes. If you need a job in OKC, give me a PM, and I'll point you in the right direction.

[L0oniX]

14. America ...The Great Satan ...the father of the lie.