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

To: carranza2 who wrote (50127)	5/16/2009 10:25:05 PM
From: TobagoJack	1 Recommendation Read Replies (1) \| Respond to of 219931

<<You will note my self description in my profile as an agent provocateur, though Jay is 10x more provoking than I could ever be>> and here, waiting in my mini for wife n little one to grab a present to attend bbq on beach held by hedge fund manager who in dec announce shutdown of his fund only to regret same one day later, i thought you provocation difficult to top

To: carranza2 who wrote (50127)	5/17/2009 8:27:04 AM
From: niceguy767	2 Recommendations Respond to of 219931

"By the way, we are screwed, the latest rally is a sham. Put on your financial helmet for the Fall will be awful." Like you, I can't see any light this time around. Government financial commitments are increasing at an alarming rate, Government revenues are decreasing at an alarming rate and lenders to the Government are now squeamish at the thought of increasing their ownership of treasuries. Underscoring this problem is that, as previously suggested, household incomes are declining at an alarming rate as 600k lose their jobs monthly, and rather than target bailouts for the loss of monthly income, the Government has chosen to funnel bailout proceeds to the Wall St. banks so that they can remain solvent given their real estate problems resulting from the rapidly declining household incomes. Government bailouts are not targeted at the root cause of the problem: rapid erosion in household incomes. It's difficult to find the proper analogy, but the bailing out of the Wall St banks seems kinda like paying the owners and staff of a sporting franchise more money in hopes that such action will increase ticket sales.