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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (149855)	10/25/2008 6:57:25 PM
From: geode00	Respond to of 361609

I dunno, seems like it would be a good idea to live within our means while increasing our means in reality (not just on paper) at the same time. As nasty as this downturn is, I don't think it's all bad because the 'wealth' was built on fantasy. I hope we can put the brakes on going too low but these twice a decade bubbles are really unnerving. They create the semblance of wealth but at the end we really end up with more debt. Every day there is talk about mortgages, housing and stocks. I can't imagine we are at a bottom when everyone's still just itching to get back in.... Unless there is, of course, another bubble brewing....ready to pop around 2005. :)

To: stockman_scott who wrote (149855)	10/25/2008 6:59:09 PM
From: geode00	Read Replies (1) \| Respond to of 361609

Dr Doom had a good week but I can't imagine how shutting down markets leads to the building of confidence. It's not as if the stock market is tumbling 5,000 pts in a week...this has taken awhile to unwind. "Roubini Says Forecast of Market Shutdown Coming True (Update2) By Ben Sills and Emma Ross-Thomas Oct. 24 (Bloomberg) -- New York University Professor Nouriel Roubini said curbs placed on U.S. futures trading today shows his prediction that markets will be shut down amid panic selling is coming true. ``This morning, even before the markets in the U.S. opened, the S&P futures fell by more than their daily limit,'' resulting in curbs on futures trading, Roubini told a conference in Madrid today. ``What I said yesterday has already started.'' Roubini said yesterday that policy makers may need to shut down financial markets for a week or two as investors dump assets. Trading in futures on the Standard & Poor's 500 Index and the Dow Jones Industrial Average was limited today after declines of more than 6 percent. Trading of U.S. stocks would be suspended for an hour should the Dow Jones Industrial Average decline 1,100 points to 7,591.25. ``Things are getting worse, they are not getting better,'' Roubini said. There's an increased risk of a ``multi-year economic stagnation'' in the U.S. and ``we have a whole set of emerging market economies in trouble. Even a few of them going bust may cause systemic trouble.''.... bloomberg.com