GOPwinger Lies/Distortions/Omissions/Perversions of Truth 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.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: geode00	10/24/2008 8:30:11 PM
	Read Replies (2) of 173976

Look Out Below... Today may be the day for nuclear-winter bears like economist Nouriel Roubini, a.k.a. "Dr Doom." Roubini writes today: "We have now reached a point where fundamentals and long-term valuation considerations do not matter any more for financial markets. There is a free fall as most investors are rapidly deleveraging, and we are on the verge of a capitulation collapse. What matters now is only flows—rather than stocks and fundamentals—and flows are unidirectional as everyone is selling and no one is buying as trying to buy equities is like catching a falling knife. There are no buyers in these dysfunctional markets, only sellers. And panic is the ugly state of this destabilizing game."... blog.wired.com ========= 30 years of right wing garbage economics leads to this..... Actually, this looked somewhat more orderly in the afternoon. It's just when all of these days are strung together that it looks really ugly. Krugman notes that a 2009 recession is baked in the cake. Obama has his work cut out for him. He has many fewer policy choices given the nasty state of the deficit ($1 T?), the state of the global economy, the state of national debt, etc. Republikans have given him a terrible mess to sort out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next