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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: erinthe who wrote (10369)	12/19/2007 3:42:02 AM
From: ahhaha	Respond to of 24758

Debt should be allowed to resold. That's what allowed all those CDOs, SIVs, XYZs, none of which has any value. They just allow abuse of the system. Is that what you want to allow? It should be up to those involved in the transaction to assess whether or not they want to do it. But that's just it. No one knows who is involved in the transaction, and since the instrument can later be sold, with no audit trail, no one can find out who the counter party is. If it cant add much value, It adds NO value. Instead, it subtracts value since it undermines the definability of value. it might not be a good idea, but why should the option should be restricted outright? Let "it" be cigarettes. Debt is a covenant between two parties. It's a covenant, not a fungible transfer of value. Thus Tpaper isn't debt just like dollar bills aren't debt. A dollar bill has the same intrinsic character that Tpaper has. The only difference between the two is time. A dollar bill has an instantaneous pay back period, and Tpaper varies in time of return, finally, in instantaneous units. Whilst perhaps I dont GET it, re greenspan & easy money. You should read my evidence closely and then go to wikipedia and look them up. You could also study this thread in which I have given the true secrets of the temple, but that would take too much time. The premise, that monetary policy is the driver of the business cycle and asset prices, I get. It's your premise and it's pure school of demand management. Do you see how I could spot that in you but you can't do the same? I already told you it was inbred in you through the milieu of our misleading myth oriented society, and now you demonstrate the truth I already read. That must give you pause. Monetary policy doesn't drive the business cycle and there is no cycle. You don't even know the elements of monetary policy. You don't know that what is called monetary policy is actually only interest rate policy in contrast tot he past when there was interest rate policy and money supply policy. Now they're always assumed to be equivalent when they never are. For example, since May FED has created no money. All the money has been created by economic action. What I'd like, is some empirical support and detail, rather than the simple, monocausal explanation that has popular appeal and is recruiting me to accept. Then you will have to abandon all the stuff that floats around the toilet of our ignoble mighty institutions. I'm tellin' ya. They're all stupidass hacks who go along with the reigning pile in order to collect checks and live life with a suitable number of vacations. That's the easy way. What I have for you is the hard way. "We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win. --- JFK. I am well aware I have a lot to learn, 'pablum feeder' type comments are unnecessary & pointless if directed at me. You don't like the hard way? Then leave. I don't care. Many have come here, and few have stayed. It's tough to do. If you offer a source where an alternative to 'demand management thinking', could be learnt about, I genuinely would be interested. I doubt it. Otherwise, you would have already investigated the AG items I mentioned. You have to come to this thread armed to the teeth if you would contend with the best. To survive here you have to be expert in history, finance, business, accounting, stock market, and a hundred other things. The only thing you don't need to know much is math and physics, but it helps to at least have gotten through calculus. You can ask some of the SI members who are listed in the post list whether this thread is demanding. You should also ask if they have been entertained or have learned something that helps in the struggle to stay alive. To answer your question, I am the source. The few left who once understood an alternative to demand management have either joined or have diluted what they believed in order to be accepted. "Thus conscience does make cowards of us all; And thus the native hue of resolution Is sicklied o'er with the pale cast of thought, And enterprises of great pith and moment With this regard their currents turn awry, And lose the name of action. --- Hamlet