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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (146154)10/8/2014 1:01:34 AM
From: ChinuSFO  Read Replies (2) | Respond to of 149317
 
I have told MM that he is sounding like a broken record. And that was being polite. I even suggested to him to not show off that he is the best and that we are assholes. People today are much better than they were 4 years ago and off course much much better than they were 6 years ago. But this MM wants to show off and I think this is not the approach of a mature brain.



To: tejek who wrote (146154)10/9/2014 5:33:47 PM
From: RetiredNow  Read Replies (1) | Respond to of 149317
 
Are you scared yet? Stock markets don't see-saw like this when we're in a fundamental economic recovery. The economic recovery story that you have been selling like snake oil has been bullshit all along. Printing money and destroying savers through zero percent interest rates doesn't buy prosperity. It can't buy prosperity. I posted to you and other on this thread that I sold all my stocks and went to cash in late June/early July. I am reiterating that again, because I hope others here have taken all my warnings to heart. This has the potential to be very ugly.

There has only been an economic recovery for the top 1%. Everyone else has been screwed. The policy measures that Obama and the Fed have taken only put lipstick on a pig. This stock market is full of hot air and it won't take much to prick this bubble. I hope many of you don't lose 50% of your portfolio again, as has happened twice since 2000. I know I won't.

Even the Fed can't repeal the business cycle. Market forces are far more powerful than any central authority. I think all you neo-Keynesians are about to find that out.