The Naked Truth - Big Kahuna a Myth Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken98 who wrote (75962)	11/17/1999 5:50:00 PM
From: pater tenebrarum	Read Replies (1) of 86076

Ken, yep, last fall was the time to show some back-bone...i have wondered all year long why we never had a capitulation sell-off in the course of '99 and i believe the answer lies in the Fed's actions last fall. it basically assured the speculators that no matter what level of insanity they would drive the market towards, the Fed would always stand ready to bail them out in case anything went wrong. how quickly the lessons of history are forgotten....last year the banking system stepped in on the Fed's order to step up credit creation like never before, and in the course of this year the agencies did the dirty work. of course this means that once the bubble reaches it's limit and pops, the system will be riddled with bad loans, just like Japan's. and like the BoJ, the Fed will simply open the spigot even wider, pushing on a string. that way an ongoing long term depression and bear market will be absolutely assured. the 'golden 90's' will be relegated to the realm of fond memories and will live on as an example for utter financial insanity in the history books. does anybody think the government monitors these threads?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next