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

To: Arran Yuan who wrote (65779)	8/27/2010 1:57:54 AM
From: benwood	3 Recommendations Read Replies (3) \| Respond to of 217619

The catch is that there really aren't solutions to actual problems which are offered up -- the symptoms of the actual problem is simply an opportunity to create a wealth transfer of some sort, usually a new, or expanded, gov't program (e.g. Iraq, Afghanistan, Katrina, Wall Street, Fannie/Freddie, GM, cash/clunkers, down payments paid by unwitting taxpayers, just to name the recent ones). If an actual problem were ever to be addressed, then it would be solved. Instead, e.g., the wall street/banking sector meltdown was defined thusly: OMG, we're going to lose our asses on our asinine and irrationally greedy corporate behaviors!!! The PROBLEM addressed is therefore this: how do we save our sorry asses?? So bring on the bailout, the Fed backstopping, the taxpayer coerced down payments for other people to buy overpriced houses, etc., cash for clunkers, etc.