Market crash: are we there yet ?

[camaraderie]

Yep...that's always the answer...SPEND, SPEND SPEND...then tax tax tax.
The biggest TAX increase in history just passed the house today in the Cap and Trade Bill. Another nail in our coffin.

[sailaway21]

"No growth", what a novel idea!

[Selkirk]

Originally Posted by sailaway21

"No growth", what a novel idea!

I suspect that markets act pretty much like people in that respect. I grew for a while; then I stopped growing. Soon, I'll start shrinking; then one day I'll be a little old man.
Then I'll die.

Pretty frightening, put in that context. But there is hope for those of us who campaign for endless growth, and that hope lies within the knowledge that a huge portion of the population of the world is not even in an economy. That is, they don't pay rent, have telephones, buy electricity - all of that stuff.
And that statement campaigns for a world wide economy - something that is going to happen whether some of us want it or not.

Some day Japan will resume its growth. Hopefully, the U.S. will, too. If not, we will go the way of Portugal, who once was a world wide power and now is just a fairly insignificant minor player.
It all can happen.

[therapy23]

[QUOTE=chris_gee;500164]
Zero Hedge: Goldman Sachs: "Engineering Every Major Market Manipulation Since The Great Depression"
QUOTE]


I can't read that on my screen.
I can't make it bigger without my computer locking up.
I have tried to print to read and it cuts the pages up.
I tried printing changes with no luck.

Is there a way to see it so I can read it from someone?



OK, I found a copy and read it.

WOW and all that.

I don't know if it is all correct but I can tell you one thing I am pretty sure of.

This carbon trading or whatever it will be called when it comes about will be great to get into on the ground floor.

Do you think buying the companies that Goldman has already gotten in on plus Goldman would be a good way to be on the "in"?

Goldman will "win" again.

[sailaway21]

Does anybody know what the heck this guy is talking about?
http://www.nytimes.com/2009/06/27/op...=1&ref=opinion

Judging by the photo, I'd say he's old enough to remember the seventies.....

[wind_magic]

Originally Posted by sailaway21

Does anybody know what the heck this guy is talking about?

He's talking about sucking the blood out of a pretty girl's neck, oh no, wait, that's the "True blood" HBO advertisement on the web page, let me go back and read it again ...

Why this rampant joblessness is not viewed as a crisis and approached with the sense of urgency and commitment that a crisis warrants, is beyond me. The Obama administration has committed a great deal of money to keep the economy from collapsing entirely, but that is not enough to cope with the scope of the jobless crisis.

He's talking about sucking the blood out of everyone's neck ...

[sck5]

"Yep...that's always the answer...SPEND, SPEND SPEND...then tax tax tax. "

republicans spend just as much even though they pretend otherwise. If you dont believe it just look at Bush;s record. the difference is they DONT tax because they believe somebody else should pay their bills. since when did paying your own way become something bad?

[camaraderie]

sck...apparently you haven't been paying attention when I said to vote ALL incumbents out of office. We don't need more spending OR more taxes. No matter who is in charge. We need less of both.

[wind_magic]

Originally Posted by camaraderie

sck...apparently you haven't been paying attention when I said to vote ALL incumbents out of office. We don't need more spending OR more taxes. No matter who is in charge. We need less of both.

Democrats see Republicans everywhere.

[wind_magic]

Originally Posted by sck5

"Yep...that's always the answer...SPEND, SPEND SPEND...then tax tax tax. "

republicans spend just as much even though they pretend otherwise. If you dont believe it just look at Bush;s record. the difference is they DONT tax because they believe somebody else should pay their bills. since when did paying your own way become something bad?

It's been happening for a long time. Reagan was a big spender, and so was Bush, but then so was Clinton and now Obama, they all spend money. Yes, I am aware of the tiny little blip in the deficit that Clinton is so proud of, but they've all spent us in to debt.

Many people don't even know that we didn't always have a federal income tax, we didn't always NEED an income tax.

Edit - There are people alive TODAY who were born into an America that had NO income tax. The modern tax only went into place in 1913 and started out with a top tax rate of 7%. Five years later it was 73%.