2012 = the beginning of the end = the end of the world…
bchadwick Wrote: ------------------------------------------------------- > Obama hasn’t even been in office a full month, and > already he’s the cause of the problem? You mean > it’s not plausible that the present economy is bad > because of actions (or inactions) of the previous > administration? Sure the stock market has gone > down, but I don’t think he hasn’t even had enough > time for his policies to fail. Even if the > proposals were genuinely destructive, I don’t > think they could have had any real effect yet. > > It’s easy to sit on the sidelines and pick apart > any proposal; what are realistic options open to > policymakers? > > I don’t expect this plan to work magic, and we’ll > presumably we will ultimately find a whole bunch > of things that didn’t work and will appear to be > wasted money, but I don’t think it’s too bad, > given how well any of us really understand how to > get through the crisis. The most problematic part > so far was that Geitner didn’t express his ideas > very well. > > > This is clearly going to be a staged process, in > which stage one is to stop the bleeding, stage two > is to try to stabilize the sources of panic by > dealing with the most immediate sources of > uncertainty, and stage 3 is to return the economy > to producing things that actually bring value to > US consumers, business, or foreign buyers. This > part of the stimulus needs to get out fast to > handle phase 1, even though it tries to grapple > with stage 2 and 3 too. > > The political issue is that congressional actors > know that stage 1 will appear most politically > urgent, stage 2, less so, and stage 3, even less > so. Therefore, if you want to get pork-barrel > spending in the bill, you have the best chance of > doing it at stage 1, when the consequences of > delay appear the most dire. That’s why there is > so much fighting and haggling at this stage. At > later stages in the process, it’s harder to do the > same. > > Also, in many cases, pork and stimulus are more or > less the same thing. For example, the bridge to > nowhere was a pork project, but it’s also > infrastructure. Infrastructure is exactly the > kind of spending that is typically categorized as > pork. But in this case, the goal of this spending > is to get spending money into the hands of > consumers so that businesses can profit from it; > we want this spending to lead to as much genuinely > productive capital creation (e.g. useful > infrastructure), but if we keep people employed > and therefore out of the poorhouse as well as > cycle that money to private business through their > spending, that’s good enough for trying to stop > the downturn. > > Personally, so much of the trading and investing > community is based on a libertarian worldview that > any kind of intervention other than a government > handout to banks is likely to be greeted with > market panic and accusations of socialism. So, > stay short while they panic. Then, once panic has > subsided, it’s time to bet on stimulus having some > effect. I do not blame Obama for the current situation. In fact, I don’t really blame, Bush or Clinton that much either. Some of their policies contributed to the current situation. But seriously, TOO much credit is given to these people. Obama is already considered a saint, hero, superman, whatever for just becoming president. I see so many people celebrating this man as if he has already saved the world and its only been ONE month. I realize that a person of color becoming president is a huge thing for some people. I can see why the EU and Canada are so excited b/c much of the world view is that the US is extremely racist when in fact the US is probably one of the least if you have ever been abroad. To me race/gender was never an issue. I do blame Obama and his team of Clinton clowns for this “stimulus” packadge. I see very little long term investment coming out of this thing. Imagine if we just gave 50Bn to NASA. Invest the money into stem cells, new technologies, etc… The one thing I see as good is the investment in Education. However, the parts I have read about Education are disappointing so far. I get so frustrated with this junk. I hate to look at it this way, but all I see in this packadge is a Democrat wish list to assist Democrats to stay in office. Republicans do the same thing. Arghhhh ima go watch this to cheer me up. http://www.youtube.com/watch?v=-zVCYdrw-1o
bchadwick Wrote: ------------------------------------------------------- > …Vladimir Putin? Vladimir Putin is ok, he is the best variant out of existing.
Dermot81 Wrote: ------------------------------------------------------- > Maybe I’m just naive, but why aren’t we just > pouring stimulus/bailout money into stemming > foreclosures? If this is where the problem > started, shouldnt it be where it ends? > > I think I read somewhere 10% of all mortgages are > currently deliquent. That’s about $1T. If we > backstop those losses, wouldn’t that pretty much > fix everything? CDOs would no longer be toxic. CDS > obligations would be minimized. Banks become > recapitalized and start lending again. Credit > spreads narrow. Corporations are able to access > capital markets. Growth resumes. I disagree 1,000,000%. As my esteemed Dutchman McPass said we have to let the mortgage industry bottom out. That’s first. The rise in home values were all an illusion.
phBOOM Wrote: ------------------------------------------------------- > 2012 = the beginning of the end = the end of the > world… Uh oh…
NorthernCFA Wrote: ------------------------------------------------------- > phBOOM Wrote: > -------------------------------------------------- > ----- > > 2012 = the beginning of the end = the end of > the > > world… > > > Uh oh… i am shifting my 401K to target fund 2011
needhelp Wrote: ------------------------------------------------------- > NorthernCFA Wrote: > -------------------------------------------------- > ----- > > phBOOM Wrote: > > > -------------------------------------------------- > > > ----- > > > 2012 = the beginning of the end = the end of > > the > > > world… > > > > > > Uh oh… > > i am shifting my 401K to target fund 2011 HAHAHA made me laugh out loud at my desk. Thanks!
2012 is supposed to be the year I break serfdom, and maybe upgrade from my cube to an office. so I was told by a fortune teller. No joke. What do I have to look forward to now?
Where is John Connor when we need him???
ancientmtk Wrote: ------------------------------------------------------- > Where is John Connor when we need him??? I’ll take over from here 