I was wrong about recession - Page 2

DanS. · 03-14-2008, 03:45 PM

Quote:

Originally Posted by kblair7

Okay. So I was wrong.

I had spent a good deal of time trying to rebut the presumption that we were on the road to recession--the default of the Carlyle fund is actually a good lesson to other managers to be far more careful when investing in (very risky) securities. Most of them crying about a 10 sigma event, that they could never have predicted the crash in the SP markets "a shock". That will make them think twice when assessing risk on options.

It has now become apparent that we have indeed slid into a crisis. This is not only effecting the United State but it will have global repercussions. It has been felt as far as Japan already when they announced they will be tightening credit due to the devaluing of the dollar against the Yen.

Unfortunately, all of this is a retrospective cycle it is impossible to know the long-term peak activity. I am pretty pessimistic about the short-term, after Bear Stearns announcement today--many think their survival is visibly questionable at this point, as do I. However the gov't bailed them out by injecting cash. IMO, they should have not been bailed out, its rewarding a bank who has not been a responsible lender. How could you give credit to someone who has not put a down payment on the RE? Not even 5% of the total cost before taxes? (thanks again IRS)

A good development from the LD is that core prices which exclude food and energy has NOT gone up.

Well what you do in a storm is put you're head down and hope you make it though.

Here's something that likely will piss you off...there are at least some advocating that not only do they believe interest rates should be cut....but that they should go negative! I remember only skimming through it because I was looking for something else...but I'll try and find it..

kblair7 · 03-17-2008, 11:23 AM

Quote:

Originally Posted by DRS112

Here's something that likely will piss you off...there are at least some advocating that not only do they believe interest rates should be cut....but that they should go negative! I remember only skimming through it because I was looking for something else...but I'll try and find it..

OMG...wtf...yeah lets cut interest rates even more...idiots

Kanadesaga · 03-17-2008, 11:42 AM

Quote:

Originally Posted by kblair7

I don't know that seems a little high...what are you basing your speculation on?

Unbridled greed. Criminal investment houses and complicit government officials. Isn't that enough?

VKMHVM2 · 03-17-2008, 11:53 AM

The middle class is always made to pay for the mistakes of the ruling class. The billions of dollars the Fed is creating out of thin air to give to the banks is stealing the worth of the money we have in our hands. It's the same old story of robbing the poor to give to the rich.

DanS. · 03-17-2008, 11:54 AM

Quote:

Originally Posted by Kanadesaga

Unbridled greed. Criminal investment houses and complicit government officials. Isn't that enough?

lol...that's going to be my answer to everything now....I wonder if my boss, prof, or the police would accept it? Why were you late? Unbridled greed. Criminal investment houses and complicit government officials

What's the market entry strategy? Unbridled greed. Criminal investment houses and complicit government officials

Why do you think the price of gold will go so high? Unbridled greed. Criminal investment houses and complicit government officials

Why were you speeding? Unbridled greed. Criminal investment houses and complicit government officials

Why don't those answers seem relevant to the question? Unbridled greed. Criminal investment houses and complicit government officials

Malkavian · 03-18-2008, 12:16 PM

Quote:

Originally Posted by DRS112

Why were you speeding? Unbridled greed. Criminal investment houses and complicit government officials

I think i'll use this one when i get pulled over

DanS. · 03-18-2008, 01:08 PM

Quote:

Originally Posted by Malkavian

I think i'll use this one when i get pulled over

Tell me how that works out for yah...

ppatt · 03-18-2008, 01:09 PM

Quote:

Originally Posted by kblair7

Okay. So I was wrong.

There you go. That's a start and they tell me that PGs disk drives has plenty of space so keep going.

I doubt you'll make much progress until you are able to get at the processes by which you reach conclusions.

I'll await your erudite conclusions as to how it might have happened as well as who those conclusions will serve. I'll listen, as a source of amusement.

03-17-2008, 11:53 AM	#14 (permalink)
VKMHVM2 Vote Obama or McCain! Join Date: Aug 2007 Location: NYC Posts: 2,838 My Mood: Thanks: 92 Thanked 69 Times in 53 Posts	The middle class is always made to pay for the mistakes of the ruling class. The billions of dollars the Fed is creating out of thin air to give to the banks is stealing the worth of the money we have in our hands. It's the same old story of robbing the poor to give to the rich. __________________ It's All Here! Dr. Albert Pastore: An Independent Investigation of 9-11 and the War on Terrorism "Missing Links" - the 911 film THEY do NOT want you to see! Last edited by VKMHVM2; 03-17-2008 at 11:57 AM.
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