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

To: John Vosilla who wrote (86641)	9/20/2007 12:25:05 PM
From: westpacific	Read Replies (1) \| Respond to of 110194

You would be good on the FED board. You will be proven wrong. Bubbles must be deflated away, history will not be changed. Can you stop the winter? As for risk takers being the backbone......... In Las Vegas, without them your right. Who wins, the risk taker or the saver that would not be found in such a place? No different in society, destroy them, destroy us all. Your post shows me your father has not lived through a war. I mean lived, as in a country where the bombs dropped in his backyard and machine guns sprayed across his kitchen. My father dug in trashcans to feed the family (he was a mere 15 year old) and often told us kids, if only we had saved more.............save for the future my sons, the good times often do not last! West

To: John Vosilla who wrote (86641)	9/20/2007 12:27:44 PM
From: Jim McMannis	Respond to of 110194

RE:"It is the risk takers and entrepreneurs that are the backbone, grow GDP and create jobs, new products and services and a better life for all." And when they fail... we will bail them out.

To: John Vosilla who wrote (86641)	9/20/2007 12:45:57 PM
From: Metacomet	Read Replies (1) \| Respond to of 110194

It is the risk takers and entrepreneurs that are the backbone, grow GDP and create jobs, new products and services and a better life for all.. The globalist mantra. Certain amount of truth to this. Problem is it has been at the cost of the US economy.

To: John Vosilla who wrote (86641)	9/20/2007 2:29:21 PM
From: Lee	Respond to of 110194

You need both. The economy works when you have savers and risk takers that put the savings to tangible productive use. Everyone benefits. When the risk takers put savings to non-productive use and cause destruction of savings benefits are not equally distributed.

To: John Vosilla who wrote (86641)	9/20/2007 3:02:05 PM
From: MulhollandDrive	Respond to of 110194

Wrong again. It is the risk takers and entrepreneurs that are the backbone, grow GDP and create jobs, new products and services and a better life for all.. puhleeze, john.... few would argue that it is the risk takers and entrepreneurs who are the backbone of the GDP growth and create jobs, however we are now living in the age of moral hazard where extreme risk takers are being insulated against losses...indeed we have to protect speculators (despite political protestation to the contrary) why? because prices are set on the margin, meaning at least wrt RE bubble(and this is what the credit 'crunch' is all about, isn't it?) we must preserve 'valuation' by whatever means possible for the poor schmucks that bought high or extracted 'equity' when the margin(speculators) pushed the prices higher and higher and irrespective of buyers ability to pay, they BOUGHT....HIGH last fool in must be DEFENDED, right? the prolonged artificially low interest rate regime created an environment whereby there was reckless speculation, prices were driven up up and away and so what is the fed's response? f' the savers, reward the 'risk takers' and hope it sticks.... ain't no free lunch and gold, commodities , the usd and the long bond are saying it LOUD and CLEAR please don't equate prudent risk takers and entrepreneurs who USED TO BE the backbone of the country with the pigmen who placed big bets on now and forever easy money gold, commodities, and the usd told the fed to go to rehab and ben said no, no, no youtube.com oh and look at her now... dailymail.co.uk USD the new AMY....lol! (hope she doesn't die soon)