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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Mike Johnston who wrote (51805)1/27/2006 5:24:45 PM
From: Bonefish  Read Replies (1) | Respond to of 110194
 
Ref:"Am i miserable, because i am pointing out the economic reality ?
It is not me who is or will be miserable, it will be many folks who will have to learn a very painful economic lesson, many of them through no fault of their own"

The real pisser is that these go-go society people will drag down everyone with them. Either by spill over into other markets or taxpayer bailout. Unless you are very clever and can hedge against it.



To: Mike Johnston who wrote (51805)1/27/2006 5:30:34 PM
From: shades  Respond to of 110194
 
will be many folks who will have to learn a very painful economic lesson, many of them through no fault of their own.

Look, you have to look at the macro picture, pain builds character - look at all those people that went through the depression - wasnt that the greatest generation? They were all hard working and cared about each other and saved and saved - and Grace is telling you - we got to let these suckers fry - cant baby them along with the gubbment rosy colored hand - have to let them FEEL THE PAIN so they will be better people with more character - so quit worrying about the poor or sick or old or whatever and let them hurt - nature will make sure only the strong survive and our world is a better place for it.

Why is Bono in Davos - that must irk Grace - he is trying to stop the character building process that poor dumb suckers need to be better citizens - he is getting in the way of the invisible hand of nature to weed out the Junk.



To: Mike Johnston who wrote (51805)1/27/2006 5:35:28 PM
From: GraceZ  Read Replies (1) | Respond to of 110194
 
Am i miserable, because i am pointing out the economic reality ?

There is no reality in your posts.

The wealth that individuals have accumulated over the past 50 years has nothing to do with some sort of economic averaging of incomes from these highly compensated individuals that you see as a symptom of a bubble. It comes from plugging away, year after year at what they do, spending less than they make and investing the difference.