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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (40292)	9/23/2008 2:34:28 PM
From: prosperous	Read Replies (1) \| Respond to of 218131

news.yahoo.com Bernanke: Recession more likely without bailout What they don't mention is "otherwise with bailout you get a depression" If a recession is the prices of all this mail, we should take it. I hope that cooler heads prevail in the congress and they don't choose a path that Bush admin is trying to hurriedly push through, nothing good ever comes out of a hurried solution, more apt to fail when the problem is big. They should vote NO on the current proposal; if it means some more pain until a level headed solution is found so be it. This problem has been fomenting for years, if the lawmakers did not have vision to recognize it early on; why would we trust a vision that slaps a solution put in haste? I would say keep using band-aid solutions till we have a better plan (wich should be frmulated over next few months) and the new admin can implement it. A benefit of this approach is that even if the markets correct and fiancial conditions is bit worse, the new admin can start from close to the bottom. The only urgency for Bush and company is to show something for election time and not really betterment of mankind. In that article they still seem to be obsessing about stock market value: With the stock market headed lower in early afternoon, the stakes were unmistakable. Treasury Secretary Henry Paulson said Congress must pass the legislation this week.

To: TobagoJack who wrote (40292)	9/23/2008 3:30:03 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 218131

Paulson showed his true colors in his testimony today - typical WS BS of smoke and mirrors - just give us the money – he is just disingenuous and obvious would be a perfect swindler. How those types are getting in high places is beyond me

To: TobagoJack who wrote (40292)	9/24/2008 6:11:13 AM
From: elmatador	Respond to of 218131

Tammy Moffat was right. TJ, in 1986 I crossed Canada from Halifax to Victoria in Vancouver Island with a Canadian girl I met in Nigeria. Along thew way I made a remark that the people there were really affluent. She told me: "Nobody has money here. All that is credit. Everybody owes money to banks here". I kept that comment in mind and it always came back as I extended that concept, explained by Tammy, to the rest of the developed world. The case is that it was indeed all bank money used by people. It appears that once the money departed, as it was spread more evenly, the banks no longer hold money to keep financing that standard of living. The whole system collapsed because it was based on money turning around inside the countries, in a closed system, once the system opened up, the floor was no longer there. Therefore the pumping of money it is to avoid all that property lose value and standards of living significantly go down.