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

To: TobagoJack who wrote (47711)	3/22/2009 5:04:14 AM
From: Maurice Winn	3 Recommendations Respond to of 220240

No TJ, 0 out of 10 for you. That is NOT the flaw Al G said he saw. In the same way, very few people know what he said about irrational exuberance, though they can say the expression as though they know, which they don't. Now, the ignorant mob says "See, he said he was wrong! We knew it all along." Which begs the question as to why they were mindless Zombies borrowing big and betting long that houses never go down in price. Showing such stupidity, even in the midst of the maelstrom, blaming somebody else for their sins, shows they have more to come, still to be invented. The argument has been "Capitalism failed, we need more regulation". In fact, there was wall to wall regulation, but lack of enforcement or even serious consideration. Adding more regulations won't achieve anything but will no doubt do great harm while shutting the stable door after the horse has bolted. It is like shutting cockpit doors AFTER 911 and looking for nail clippers in Granny's carry on and confiscating her toothpaste while making her take her shoes off years after the event. If an actual Islamic Jihadist was allowed to carry a sword onto an aircraft, he would not be able to hijack it now. Half the male passengers would go nuts attacking him, and some of the female passengers would bury him in cushions, blankets, bags and he would not be able to even take a swing. Even half a dozen of them would have a big problem and half a dozen trying to get on with swords would be conspicuous. Osama must be green with envy at how a few financial wizards have done so much damage to the USA and a lot more besides. Mqurice

To: TobagoJack who wrote (47711)	3/22/2009 5:04:16 AM
From: Maurice Winn	2 Recommendations Read Replies (2) \| Respond to of 220240

No TJ, 0 out of 10 for you. That is NOT the flaw Al G said he saw. In the same way, very few people know what he said about irrational exuberance, though they can say the expression as though they know, which they don't. Now, the ignorant mob says "See, he said he was wrong! We knew it all along." Which begs the question as to why they were mindless Zombies borrowing big and betting long that houses never go down in price. Showing such stupidity, even in the midst of the maelstrom, blaming somebody else for their sins, shows they have more to come, still to be invented. The argument has been "Capitalism failed, we need more regulation". In fact, there was wall to wall regulation, but lack of enforcement or even serious consideration. Adding more regulations won't achieve anything but will no doubt do great harm while shutting the stable door after the horse has bolted. It is like shutting cockpit doors AFTER 911 and looking for nail clippers in Granny's carry on and confiscating her toothpaste while making her take her shoes off years after the event. If an actual Islamic Jihadist was allowed to carry a sword onto an aircraft, he would not be able to hijack it now. Half the male passengers would go nuts attacking him, and some of the female passengers would bury him in cushions, blankets, bags and he would not be able to even take a swing. Even half a dozen of them would have a big problem and half a dozen trying to get on with swords would be conspicuous. Osama must be green with envy at how a few financial wizards have done so much damage to the USA and a lot more besides. Mqurice

To: TobagoJack who wrote (47711)	3/22/2009 5:22:48 AM
From: elmatador	Read Replies (1) \| Respond to of 220240

Why you need fiat money inflation? Simple. Because people are no longer producing goods and services to pay for the goods and the services they are consuming. Money then must appear from thin air. Tell MQ to go tell Greenspan that. TJ, I saw people young people fressh from finishing the university and using the poor countries as rich kids play ground. That was in Nigeria in the late 80s. Then we had in the OECD rich old people and poorer young people. What was happening was that the OECD economies had gone on idle. It could no longer take on young people in the work force. So one parent could get your redudant graduated kid to send him to Peru on the Peace Corps. Only pseudo-jobs were being created. Social-democracies politicos saw that and grabbed the oppoetunity to use the state to dole out jobs in several job-for-votes schemes. Money was being used to subsidize uncompetitive sectors of the economy, agriculture is a case in point. Obviously this situation was untenable and would come crashing down. As it did. It did not. When there was no more money, they printed. Here we are today....