Re: Wake up people. The Fed's bailout just cost you personally $2,000.
hab...@lycos.com
> "Viking" <no...@goodgoodbye.com> wrote in message
>
> news:1hkdt3lbec5u6otrd...@4ax.com...
>
> > The Fed is "making $200 billion available to banks" today--and that
> > money is coming out of your pocket--more of the government transfer of
> > wealth from people who work for a living to the super-rich.
>
> > That $200 billion (which, assuming roughly 100 million taxpayers,
> > works out to be about $2000 per taxpayer) is a bailout to
> > irresponsible banks that made greedy mortgage loans
>
> One minute there fellah! It's the damn gov't and jew shysters threatening
> the banks with lawsuits for red lining if they didn't lend money to
> unqualified Negro and even illegal aliens.
> It's the ignorance of the borrowers who couldn't even understand the loan
> contract that causes problems. If these people, even having had it explained
> to them, understood that rates were adjustable and would go up after the
> cheap introductory rate, it is their fault when they can't pay. A mortgage
> payment is only ONE of the costs of owning real estate. Insurance, property
> tax, school tax, maintence, utilities etc etc have to be factored in. Most
> of these borrowers couldn't afford a house even at the low interest rates
> and were used to renting where all expenses are MUCH lower.
> So whose fault is it really? And why should smart and prudent people have to
> bail out the ignorant losers?
>
> which didn't work
>
> > out. The Fed isn't just making this money "available"--it is taking
> > bad mortgages as security for the loans. So the banks can walk away
> > from their bad mortgages, which become the Fed's responsibility. That
> > is, your responsibility.
>
> > THIS IS A BAILOUT.
>
> The government caused it.
>
>
>
> > By accepting any and all bad mortgages as "security" for the loans to
> > banks, the Fed is simply buying those mortgages. YOU'RE PAYING FOR THE
> > BANKS' BAD LOANS.
>
> > You're bailing out the super-rich, people.
>
> You're bailing out the proles by paying their loan. A loan that under normal
> rules should have never been given. The banks give these Fannie Mae, HUD
> etc loans only because the Federal gov't guarantees them.
>
>
>
> > This comes on top of $180 billion plus another $30 billion the Fed
> > already created out of thin air this year alone to lend to the banks
> > at interest rates as low as 1%, which they then loan out at rates of
> > up to 8%. This money was just created from nothing, which means the
> > money in your pocket has been devalued so the banks could get richer.
> > More money chasing the same number of goods and services means
> > inflation--each dollar buys less.
>
> You mean more fake paper money causes inflation. Expanding credit is the
> same as printing cheap dollars. For a piece of paper with ink on it to be
> worth anything it must be backed by something of value whether it is gold,
> oil or anything else.
>
>
>
>
>
>
>
> > The rich get richer as money is simply extracted from taxpayers and
> > transferred to the banks.
>
> > So you're bailing out the banks, and from all indications, it looks
> > like it's going to cost you upwards of $4,000 personally this year
> > alone. And there's no stopping the Fed, they have the power to extract
> > as much money from you as they want.
>
> > No matter how fiscally responsible you are, the Fed and the national
> > debt, falling dollar (which we use to pay for oil--surprised by high
> > oil prices?), and trade deficit all take it away from you. The ground
> > you think you're standing on is is free-fall. The upshot is going to
> > be higher taxes--or a higher national debt--and still higher
> > inflation.
>
> > People, apparently, are simply serfs who spend their lives working for
> > the overclass. Feel good about bailing out the banks at the expense of
> > your own familiy--yet again?
>
> You had Ron Paul but in your stupidity you choose McCain and Obama/Hillary.
> Ignorant proles never wake up and are naive. The stupid of the world get
> everything their bargained for.
>
>
>
> > Well hell, what's more important, putting food on your table,
>
> Food in the US is the lowest than anywhere else by % of income.
>
> or
>
> > giving the CEO of Citigroup another $103 million bonus? How can you
> > not feel good about that?
>
> Irrelevant, it's a private company. Unless you're a shareholder it doesn't
> concern you. Buy some shares and go to the next shareholders meeting and
> complain.
>
>
>
> - Hide quoted text -
>
> - Show quoted text -- Hide quoted text -
>
> - Show quoted text -
Let that market keep sinking, should be great buys in a couple of
months.
dennis
Billy
the poor poor predatory banks. The Banks write their own rules and
police themselves now. They even preclude you from access to the Courts
if they screw you. You have to choose and from their list of arbitrators
and pay for the arbitration.
They Speculators made the rules so they could make outlandish profits
and when The Globalist Banking Empire, Commodities Speculators caused
decline of the dollar and the house of cards to collapse they got their
government arm to bail them out. So the Global have mores didn't risk
anything. American citizens take it on the chin.
Nove...@aol.com
unethically, then walk out and laugh when the taxpayers get screwed
once again".
And nobody in power seems to care.
Billy
Most want say anything because they fear the reach and potential
interference by our new big brother if they hear any word of discontent
against the lying, cheating, traitorous Globalist politicians who sold
our Laws to Global Bankers and any other Big Business interest with a
wad of cash to pay for their election and their futures.
The Free Market as defined by their action is one of predation against
our currency, our income, our sovereignty, our Constitution, national
treasures, public properties, privacy, and the American Dream. Of course
the American Dream is now the Have Mores' Dream only.
In short they have gotten most of what they wanted that was ours and are
in charge and will take the rest. If the Law forbids it they will get it
changed or eliminated so they will be nice and legal.
Zeno
>> - Show quoted text -
>
>Let that market keep sinking, should be great buys in a couple of
>months.
>
>dennis
I've been trying to decide if the lowest point is going to be before
the election or after. Any ideas?
Guv Bob
Actually, ZERO, the lowest point is your pointed head.
Guv Bob
Nobody cares about you, Noveau the Dumb.
Guv Bob
<stuff...@comcast.net> wrote in message news:3oqlt35o5amgbsvfi...@4ax.com...
> As long as you remember to share 10% as campaign contributions.
hab...@lycos.com
> On Fri, 14 Mar 2008 07:15:26 -0700 (PDT), habe...@lycos.com wrote:
> >> - Show quoted text -
>
> >Let that market keep sinking, should be great buys in a couple of
> >months.
>
> >dennis
>
> I've been trying to decide if the lowest point is going to be before
> the election or after. Any ideas?
Mid-summer is what I'm hearing. Watch events closely. Personally, I'm
concerned
that we are at a dead end. Not many products to sell, rising energy
costs, a factionalized
country, and an incoming President who will be under heavy attack the
minute he is sworn
in.
dennis
Rod Speed
> On Fri, 14 Mar 2008 16:49:48 -0700 (PDT), hab...@lycos.com wrote:
>
>> On Mar 14, 2:41 pm, Zeno <Z...@home.kom> wrote:
>>> On Fri, 14 Mar 2008 07:15:26 -0700 (PDT), habe...@lycos.com wrote:
>>>>> - Show quoted text -
>>>
>>>> Let that market keep sinking, should be great buys in a couple of
>>>> months.
>>>
>>>> dennis
>>>
>>> I've been trying to decide if the lowest point is going to be before
>>> the election or after. Any ideas?
>> Mid-summer is what I'm hearing.
Just plucked out of someone's arse.
>> Watch events closely.
That doesnt help.
>> Personally, I'm concerned that we are at a dead end.
The same claim has been made about every downturn, its never been true even of 1929.
>> Not many products to sell,
Modern first world economys are about a hell of a lot more than just products to sell.
There will always be plenty of services to sell.
>> rising energy costs,
We've survived that fine before.
>> a factionalized country,
Nothing like as factionalized as it has been in the past and survived fine.
>> and an incoming President who will be under heavy attack the minute he is sworn in.
No Prez has much to do with the state of the economy, whatever they like to think.
> I'd suggest looking how long it took the 1929 market to find bottom.
Not relevant. We've worked out how to avoid full depressions.
> Look at the desperation in the feds actions for the last two weeks.
> Unprecedented bail outs and measures day after day. That's a
> dive alarm on the submarine. Prepare to dive. AUUUGA!
Lot more viable than the mindless approach taken in 1929 for years.
> we're going into a really ugly period.
Nope, you watch.
> At the risk of sounding too conspiracy minded i would note that the great
> depression last time spawned fascist governments around the world.
And that wont happen again, because of what happened with those.
We wont see communism booming ever again either, you watch.
> America is facing the end of empire
Nope. The full commercialisation of almost all technology still happens
there first, most recently with google, ebay, paypal etc etc etc.
Thats not going to stop happening, because of why it still happens.
> and has been stepping very close to fascism in the last 7 years.
Nothing even remotely resembling anything like fascism.
And he's going quietly too, not even the remotest possibility that
he will refuse to go and will try to stay in power, even as some
like Putin are doing. And if he was stupid enough to try that,
he'd be out on his arse so fast he wouldnt know what hit him.
> The political risks of this depression (yes D not R)
You wouldnt know what a real depression was if it bit you on your lard arse.
> could be far greater than the economics risks.
Nope. And we survived 1929 fine, and two world wars too and countless smaller conflicts.
Guv Bob
"Rod Speed" <rod.sp...@gmail.com> wrote in message news:640n7oF...@mid.individual.net...
Rod Speed
Zeno
>On Mar 14, 2:41 pm, Zeno <Z...@home.kom> wrote:
>> On Fri, 14 Mar 2008 07:15:26 -0700 (PDT), habe...@lycos.com wrote:
>> >> - Show quoted text -
>>
>> >Let that market keep sinking, should be great buys in a couple of
>> >months.
>>
>> >dennis
>>
>> I've been trying to decide if the lowest point is going to be before
>> the election or after. Any ideas?
>
>Mid-summer is what I'm hearing. Watch events closely.
Right. I am wondering if the election is the dominant factor.
Rod Speed
> Rod Speed <rod.sp...@gmail.com> wrote
>> stuff...@comcast.net wrote
>>> hab...@lycos.com wrote
>>>> Zeno <Z...@home.kom> wrote
>>>>> habe...@lycos.com wrote
>>>>>> Let that market keep sinking, should be great buys in a couple of months.
>>>>> I've been trying to decide if the lowest point is
>>>> Watch events closely.
>> That doesnt help.
>>>> rising energy costs,
>>>> a factionalized country,
>> Nope, you watch.
> And those were fun?
No one said anything about fun.
> Merely surviving is not the goal.
Neither is you mindless hysterical hyperventilation.
> Ah the last of the faithful. Sheesh.
Or someone with a clue, unlike mindless hysterics like you and your ilk.
> A lot of people a whole hell of a lot smarter than you are talking depression.
Easy to claim, hell of a lot harder to actually substantiate that claim.
There have been fools mindlessly hyperventilating about depression ever since 1929.
And even when say the Japs did end up with a full depression, they did fine regardless.
> Can you see the pyramids from there?
Nope.
Rod Speed
>>>> Nope. And we survived 1929 fine, and two world wars too and countless smaller conflicts.
>>> And those were fun?
>> No one said anything about fun.
>>> Merely surviving is not the goal.
>> Neither is your mindless hysterical hyperventilation.
> LOL.
Village eejut immitations cut no mustard.
> I'm merely telling you what many of the leading experts are saying.
You're lying now. You cant list even a single 'leading expert' that says anything
even remotely resembling anything like your mindless hysterical hyperventilation.
> I'm reminded of Harry Truman's old adage, "I merely tell them the truth and they think it's hell".
You wouldnt know what the real truth was if it bit you on your lard arse.
> You've been a cheer leader for all the abuses that led to this collapse
You're lying, again. I have never ever done anything even remotely
resembling anything like that with the sub prime fiasco, liar.
> and now you're desperately working to maintain your denial
> and avoid seeing the perpetrators take responsibility.
Only in your pathetic little drug crazed fantasyland.
> Hey we've given you a fair warning.
Just how many of your are there between those ears, child ?
> You can use it and protect yourself
Been doing that since before you were even born thanks, child.
> or continue your denial and get chewed up.
Taint gunna happen, child.
> I hope you follow your beliefs, then you might actually learn.
You'll never even learn to bullshit your way out of your predicament, child.
Rod Speed
>>> A lot of people a whole hell of a lot smarter than you are talking depression.
>> Easy to claim, hell of a lot harder to actually substantiate that claim.
>> There have been fools mindlessly hyperventilating about depression ever since 1929.
> And the day before the Oct. 29 crash there were a whole bunch of
> cheerleaders like yourself saying "the fundamentals were sound".
And even someone as stupid as you should have noticed that we havent had a full depression since that one.
There were lots of them in the century before 1929.
> If you can't small the desperation from the daily Fed gymnastics you're hopeless.
We'll see if we get a full depression, child.
And even if we do, we survived the last one fine.
>> And even when say the Japs did end up with a full depression, they did fine regardless.
> Chuckle. What are you smoking? it must be good.
Never ever could bullshit its way out of a wet paper bag.
They did see a few suicides, of those who are better off dead anyway.
You should take a leaf from their book, just dont make a mess of the carpet.
Rod Speed
> Rod Speed <rod.sp...@gmail.com> wrote
>> stuff...@comcast.net wrote
>>> Rod Speed <rod.sp...@gmail.com> wrote
>>>> stuff...@comcast.net wrote
>>>>> Rod Speed <rod.sp...@gmail.com> wrote
>>>>>> Nope. And we survived 1929 fine, and two world wars too and countless smaller conflicts.
>>>>> And those were fun?
>>>> No one said anything about fun.
>>>>> Merely surviving is not the goal.
>>>> Neither is your mindless hysterical hyperventilation.
>>> LOL.
>> Village eejut imitations cut no mustard.
> Ah so unable to deal with issues you resort to name calling.
Corse you never ever do anything like that yourself, eh hypocrite ?
> How feeble.
Yep, you are that in spades.
>>> I'm merely telling you what many of the leading experts are saying.
>> You're lying now. You cant list even a single 'leading expert'
>> that says anything even remotely resembling anything like
>> your mindless hysterical hyperventilation.
> Spend a little time combatting your ignorance:
We'll see...
> http://www.j-bradford-delong.net/movable_type/
> J. Bradford DeLong, Professor of Economics at U.C Berkeley, a Research
> Associate of the NBER, a Visiting Scholar at the Federal Reserve Bank
> of San Francisco, and Chair of Berkeley's Political Economy major.
Nothing like a 'leading expert' and he doesnt say anything
like your mindless pig ignorant hyperventilation anyway.
> http://bigpicture.typepad.com/comments/economy/index.html
> BArry Rhineholtz -
> http://bigpicture.typepad.com/comments/media_praise_for_the_big_.html
Nothing like a 'leading expert' and he doesnt say anything
like your mindless pig ignorant hyperventilation anyway.
> http://krugman.blogs.nytimes.com/
> Paul Krugman -
> Paul Krugman joined The New York Times in 1999 as a columnist on the
> Op-Ed Page and continues as professor of Economics and International
> Affairs at Princeton University.
Nothing like a 'leading expert' and he doesnt say anything
like your mindless pig ignorant hyperventilation anyway.
> Mr. Krugman received his B.A. from Yale University in 1974 and his
> Ph.D. from MIT in 1977. He has taught at Yale, MIT and Stanford.
> At MIT he became the Ford International Professor of Economics.
Nothing like a 'leading expert' and he doesnt say anything
like your mindless pig ignorant hyperventilation anyway.
> http://www.rgemonitor.com/blog/roubini
> Nouriel Roubini
> * Research Fellow, National Bureau of Economic Research
> * Research Fellow, Centre for Economic Policy Research, London, UK
> * Member, Bretton Woods Committee
> * Member, Council on Foreign Relations Roundtable on the
> International Economy
> * Member, Academic Advisory Committee, Fiscal Affairs Department,
> International Monetary Fund
Nothing like a 'leading expert' and he doesnt say anything
like your mindless pig ignorant hyperventilation anyway.
> I trust these guys more than your name calling foolishness.
Pity they dont say anything like your mindless pig ignorant hyperventilation.
Not a single one of them even claims that we are in a full depression currently.
>>> I'm reminded of Harry Truman's old adage,
>>> "I merely tell them the truth and they think it's hell".
>> You wouldnt know what the real truth was if it bit you on your lard arse.
>>> You've been a cheer leader for all the abuses that led to this collapse
>> You're lying, again. I have never ever done anything even remotely
>> resembling anything like that with the sub prime fiasco, liar.
>>> and now you're desperately working to maintain your denial
>>> and avoid seeing the perpetrators take responsibility.
>> Only in your pathetic little drug crazed fantasyland.
>>> Hey we've given you a fair warning.
>> Just how many of your are there between those ears, child ?
> I'm not the only one on this group trying to shed
> a little reality amongst all you blind worshippers.
Claiming we are currently in a full depression is nothing
even remotely resembling anything like that, fool.
Thats nothing like 'reality'.
>>> You can use it and protect yourself
>> Been doing that since before you were even born thanks, child.
> Well you should start showing some results for it real soon.
I've shown the results of doing that since before you were even born too thanks, child.
>>> or continue your denial and get chewed up.
>> Taint gunna happen, child.
>>> I hope you follow your beliefs, then you might actually learn.
>> You'll never even learn to bullshit your way out of your predicament, child.
> LOL.
Village eejut imitations cut no mustard, child.
> Are you even capable of addressing issues
You clearly arent, child.
> or is this mindless pablum all you've got?
No need to ask if that pathetic excuse for bullshit is all you've got, the answer is obvious.
Rod Speed
> Rod Speed <rod.sp...@gmail.com> wrote
>> stuff...@comcast.net wrote
>>> Rod Speed <rod.sp...@gmail.com> wrote
>>>> stuff...@comcast.net wrote
>>>>> A lot of people a whole hell of a lot smarter than you are talking depression.
>>>> Easy to claim, hell of a lot harder to actually substantiate that claim.
>>>> There have been fools mindlessly hyperventilating about depression ever since 1929.
>>> And the day before the Oct. 29 crash there were a whole bunch of
>>> cheerleaders like yourself saying "the fundamentals were sound".
>> And even someone as stupid as you should have noticed
>> that we havent had a full depression since that one.
> Which is why people have forgotten it's lessons
No they havent. The fed is already applying the lessons that were learnt
at that time and is taking the steps we learnt were required to ensure that
we wont have a depression, just like it has quite a few times since 1929.
> and dismantled many of the preventative measures
> that were put in place when the knowledge was fresh.
Bare faced pig ignorant lie. List even a single one of those, you cant.
> It might just be time for another then, aye?
Nope. Taint gunna happen, you watch.
> Or are you in the school of "the fundamentals have changed
Nope.
> and we're smarter than that now. they're
> always the ones leading us into the next crash.
How odd that we havent actually had a full depression since 1929.
Thats only a decade short of a full century now.
>> There were lots of them in the century before 1929.
> Yep. I've noted often that following the fundamentals with a proper mix of Keynesian
> and monetarist polices has made recession less frequent and less severe.
And we havent had a full depression for almost a century now.
There were lots of them in the century before 1929.
> But for the past ten years we've abandoned those fundamentals
Bare faced pig ignorant lie. The fed has just used them again to avoid a depression.
> and deregulated many of the measures taken that gave us those results.
You cant deregulate a measure.
> You're not noticing the new and highly creative things the Fed is doing this month?
Nothing new or highly creative.
> That's desperation.
Nope, entirely appropriate to the current circumstances.
> they recognize the old tools have been largely neutralized and are unavailable.
Bare faced pig ignorant lie. Every single thing that has been done in the
last month is an old tool used again, because it works and will do so again.
> They're desperately scrambling to find some way to hold this all
> together. It's getting down to baling wire and duct tape at this point.
Only in your pathetic little pig ignorant drug crazed fantasyland.
> For example - the stimulus package is going to return virtually
> nothing because we've neutralized it as a tool because of the
> amount of our goods and services that come from over seas now.
Bare faced pig ignorant lie. The vast bulk of services are STILL provided
locally and so stimulate the economy, just like they have always done.
And while some of the cheap goods come from overseas, a large part
of the stimulus sales of them provide still pays the wages of the moneys
involved in selling them in the US, just like they always have been.
> One or two hops and those dollars are in China, Japan, the UK, Canada, etc.
A small subset of those dollars, actually. And that STILL ensures that china wont
see a full depression either, and thats what matters for the US economy anyway.
> Even if the work or goods are made or done here,
> more of the companies doing it are foreign owned.
Fuck all of them are, actually.
Pure drivel.
> and the profits go overseas.
Bare faced pig ignorant lie.
> This cuts the multiplier considerably
Pigs arse it does since the same mindless pig
ignorant hyperventilation was done about the Japs.
The only thing thats changed is that much more of it ends up in china instead of in japan.
> (hopefully you've read enough to know what we're talking about).
Known what that was about since before you were even born thanks child.
> Similarly lowering interest rates to increase monetary supply
That isnt why interest rates are lowered.
> isn't as useful a tool any more because it only drives the dollar lower,
The dollar is irrelevant to stopping the economy from going into depression.
> making oil cost more and pulling foreign investment away from the US
The US doesnt need foreign investment, stupid.
> (and foreign investment is almost all that keeping us afloat.)
Bare faced pig ignorant lie.
> Lowering dollar and lowering interest rates make
> Japan and China less interested in our treasuries,
Bare faced pig ignorant lie. The yuan is close to locked to the
USD. And US interest rates still leave those in Japan for dead.
> and that's what's financing Bush's deficit spending and war.
They get to like that or lump it.
> we could go on but an intelligent person will get the idea.
Only a very stupid person would run those bare faced pig ignorant lies.
> Our customary tools have been broken.
Bare faced pig ignorant lie.
> The fed is struggling to find ways that might work.
Bare faced pig ignorant lie.
The credit crunch is quite different to what was last seen.
The way of dealing with that is necessarily different.
> With luck and ingenuity they might manage.
No might about it, they'll manage fine, just like they have for the last century.
> But nothing so far looks near clever enough or effective enough.
Only in the eyes of pig ignorant fools that dont have a clue about whats actually happening.
> But shit idiots like you are still denying we're even in a recession.
Corse that wouldnt be you doing any name calling, would it hypocrite ?
And I never ever said a word about a recession anyway, liar.
> And clinging to high school definitions and sloppy logic to pretend we're not.
> SO is this where you talk issues or just cant more denials and names?
You in spades, child.
> Like I have to ask.
You in spades, child.
Rod Speed
>>>>>>> And those were fun?
>>>>> LOL.
>>> How feeble.
> LOL.
>> //and he doesnt say anything
>> like your mindless pig ignorant hyperventilation anyway.
>>> http://krugman.blogs.nytimes.com/
>>> Paul Krugman -
>>> Paul Krugman joined The New York Times in 1999 as a
>>> columnist on the Op-Ed Page and continues as professor
>>> of Economics and International Affairs at Princeton University.
>> Nothing like a 'leading expert'
> LOL.
Village eejut imitations cut no mustard.
> Economics Prof. from Princeton.
Just some fool journo.
> You're smarter.
Never ever said that either.
> Got it. it.
Nope, you've got nothing, as always.
>> and he doesnt say anything like your mindless pig ignorant hyperventilation anyway.
Closing your eyes to that doesnt make it go away, child.
>>> Mr. Krugman received his B.A. from Yale University in 1974 and his
>>> Ph.D. from MIT in 1977. He has taught at Yale, MIT and Stanford.
>>> At MIT he became the Ford International Professor of Economics.
>> Nothing like a 'leading expert' and he doesnt say anything
>> like your mindless pig ignorant hyperventilation anyway.
>>> http://www.rgemonitor.com/blog/roubini
>>> Nouriel Roubini
>>> * Research Fellow, National Bureau of Economic Research
>>> * Research Fellow, Centre for Economic Policy Research, London, UK
>>> * Member, Bretton Woods Committee
>>> * Member, Council on Foreign Relations Roundtable on the International Economy
>>> * Member, Academic Advisory Committee, Fiscal Affairs Department, International Monetary Fund
>> Nothing like a 'leading expert'
> LOL.
Village eejut imitations cut no mustard.
> Maybe you'd like to name your experts?
I wasnt the one stupid enough to lie that leading experts are saying the same thing that fools like you are.
> LOL.
Village eejut imitations cut no mustard.
> I know you only consult yourself.
You only play with yourself. You'll end up blind if you dont watch out, child.
>> and he doesnt say anything like your mindless pig ignorant hyperventilation anyway.
Closing your eyes to that doesnt make it go away, child.
>>> I trust these guys more than your name calling foolishness.
>> Pity they dont say anything like your mindless pig ignorant hyperventilation.
>> Not a single one of them even claims that we are in a full depression currently.
> And neither did I moron.
Pity that other fool you claim are informing us did just that, child.
>>>> Taint gunna happen, child.
>>> LOL.
>> You clearly arent, child.
> I see.
You're lying, as always.
> You're incapable of talking issues.
You're lying, as always.
> Got. It.
Nope, you never ever manage that either, child.
> Now fuck off then child.
Go and fuck yourself, child.
> You're whole schtick is flat denials and name calling.
You in spades, child.
> You have raised on issue in all of your posts.
You're lying, as always.
<reams of your childish shit any 2 year old could leave for dead flushed where it belongs>
Try harder, child. You might actually manage to fool someone, sometime.
Rod Speed
> On Sun, 16 Mar 2008 08:29:47 +1100, "Rod Speed"
> Another voice for you to ignore:
> Reuters
> U.S. faces severe recession: NBER's Feldstein
> Friday March 14, 10:55 am ET
> By Ros Krasny
> BOCA RATON, Florida (Reuters) - The United States is in a recession
> that could be "substantially more severe" than recent ones, National
> Bureau of Economic Research President Martin Feldstein said on Friday.
Doesnt even say anything about a depression, fuckwit child.
> "The situation is very bad, the situation is getting worse, and the
> risks are that it could get very bad," Feldstein said in a speech at
> the Futures Industry Association meeting in Boca Raton, Florida.
There's been plenty of mindless hyperventilation like that in the last century, child.
> "There's no doubt that this year and next year are going to be very difficult years."
There's been plenty of mindless hyperventilation like that in the last century, child.
> NBER is a private sector group that is considered the arbiter of U.S. business cycles.
Pigs arse it is.
> Feldstein is also a Harvard economics professor and
> former economic advisor to President Ronald Reagan.
>> Let me guess -"Not a leading expert".
Guess again. Doesnt say anything like your mindless hyperventilation, actually.
Doesnt say a word about any 'broken tools' or any incapacity
of the fed to be able to deal with the current situation either.
Try again, child.
> Answering questions from the audience, Feldstein said the downturn
> could be the worst in the United States since World War Two.
Nothing like your mindless hyperventilation, child.
> Feldstein said the federal funds rate, the Federal Reserve's benchmark
> lending rate, is headed down to 2 percent from the current 3 percent.
No news. The US economy has survived that in the past, and will do so again, you watch.
> He added that lower rates from the Fed would not have the same
> impact in the current downturn, in terms of reviving economic activity.
We'll see...
> "There isn't much traction in monetary policy these days, I'm afraid,
> because of a lack of liquidity in the credit markets," he said.
Nothing like your pig ignorant claim.
And the fed is doing other things about the lack of liquidity in the credit markets anyway.
> The Federal Open Market Committee meets on Tuesday to consider
> its next step on interest rates. Financial markets currently look for a
> rate cut of 75 basis points, to 2.25 percent, with a moderate chance
> rates will be slashed 100 basis points.
> The Fed's huge new credit facility, announced on Tuesday, "can help in a rather small way ...
Easy to claim, hell of a lot harder to actually substantiate that last bit of that claim.
> but the underlying risks will remain with the institutions that borrow from
> the Fed, and this does nothing to change their capital," Feldstein noted.
That last is just plain wrong. And he didnt 'note', he actually CLAIMED.
> Feldstein said the combination of monetary and fiscal stimulus
> and the falling dollar "will help to dampen the magnitude of the
> downturn but won't be enough to sustain an expansion."
Easy to claim, hell of a lot harder to actually substantiate that claim.
> "The housing situation is getting worse by the day," he noted,
> as more and more houses drop below 100 percent loan-to-value
> ratios, encouraging homeowners to walk away from their properties.
Thats happened before, and didnt produce the end of
civilisation as we know it, or a full depression either.
> More broadly, in global credit markets, "there is a lack of
> confidence leading to a lack of liquidity ... without credit
> creation, we can't have economic growth," Feldstein said.
He's just plain wrong there too. China will continue to grow, you watch.
And lack of economic growth is nothing like your mindless hyperventilation anyway.
> Feldstein noted "powerful forces (that) will continue to drive inflation higher."
> And while inflation expectations are still relatively well contained, "you
> wonder how long that's going to last," he said.
We've survived MUCH worse inflation in the past and will survive that fine too, you watch.
You can stop hyperventilating now, child.
Rod Speed
>>> BOCA RATON, Florida (Reuters) - The United States is in a recession
>>> that could be "substantially more severe" than recent ones, National
>>> Bureau of Economic Research President Martin Feldstein said on Friday.
>> Doesnt even say anything about a depression, fuckwit child.
>>> "The situation is very bad, the situation is getting worse, and the
>>> risks are that it could get very bad," Feldstein said in a speech at
>>> the Futures Industry Association meeting in Boca Raton, Florida.
>> There's been plenty of mindless hyperventilation like that in the last century, child.
> LOL.
Village eejut imitations cut no mustard.
> Damn you can be stupid.
We'll see...
> That "mindless hyperventilation" is coming from
> NBER President Martin Feldman you moron.
There's been plenty of mindless hyperventilation like that in the last century, fuckwit.
Plenty from those with much better credentials that that particular one too.
> He is currently the George F. Baker Professor of Economics at Harvard University,
Well whoopy fucking do. Wouldnt be the first time some Harvard
professor of economics has got it just plain wrong, fuckwit.
> and the president and CEO of the National Bureau of Economic Research (NBER).
Well whoopy fucking do. Wouldnt be the first time one of those has got it just plain wrong, fuckwit.
> From 1982 to 1984, Feldstein served as chairman
> of the Council of Economic Advisers and as chief
> economic advisor to President Ronald Reagan.
And we all know how comprehensively that fool
Raygun fucked things up economically, fuckwit.
> But I understand he doesn't conform with your need for denial.
Nothing to deny yet, fuckwit.
Bet it turns out to be nothing like as bad as he mindlessly hyperventilates,
and even he said nothing like your mindless pig ignorantly stupid claim that
the fed has no tools available anymore anyway.
> But damn at some point someone has to be able to
> hammer a simple fact through that dense skull of yours.
You dont actually have a single FACT, fuckwit.
Just a CLAIM, a different matter entirely.
> More news today:
> http://www.businessandmedia.org/articles/2008/20080314131851.aspx
> Not Just Recession, Clinton Appointee Talking 'Depression'
> Former Labor Secretary Reich: 'I Think There's a 20 Percent Chance of a Depression'
Which is nothing like your previous mindless hyperventilation that a full depression is absolutely certain.
And that fool cant explain why we havent had a full depression for almost a century now anyway.
> By Jeff Poor
> Business & Media Institute
> 3/14/2008 1:21:16 PM
> Many economists warn of tough economic times,
Nothing like your mindless hyperventilation.
> but former Clinton Labor Secretary Robert Reich doesn't
> just warn of a "recession," he warns of a "depression."
And it remains to be seen if he has got that right.
And its just a bit odd that Benanki doesnt say anything like that.
> "I think there's a 20 percent chance of a depression,"
> Reich said to the Business & Media Institute on March 14.
And it remains to be seen if that predication is anything more than just another
fool that ends up with egg all over its face, just like all the other ones that have
said that sort of thing repeatedly since 1929, who have ALL got egg all over
their silly little faces very comprehensively indeed.
Rod Speed
>>>> And even someone as stupid as you should have noticed
>>>> that we havent had a full depression since that one.
>>> Which is why people have forgotten it's lessons
>> No they havent. The fed is already applying the lessons that were learnt
>> at that time and is taking the steps we learnt were required to ensure that
>> we wont have a depression, just like it has quite a few times since 1929.
>>> and dismantled many of the preventative measures
>>> that were put in place when the knowledge was fresh.
>> Bare faced pig ignorant lie. List even a single one of those, you cant.
> Oh good lord. How can you be this childish. Go read about the
> Glass-Steagall Act. Before that there was the deregulation of
> the Savings and Loans. Remember how that worked out?
Didnt have a damned thing to do with producing a DEPRESSION, fuckwit.
> It's a long list,
Like hell it is on producing a DEPRESSION, liar.
> but your not interested in learning and just deny everything
> so I'm not going to be your teacher unless you pay the tuition.
No one is ever going to be stupid enough to pay you a cent, liar.
Rod Speed
>>> But for the past ten years we've abandoned those fundamentals
>> Bare faced pig ignorant lie. The fed has just used them again to avoid a depression.
> The fed is using new tricks
Bare faced lie with interest rates.
> because the old ones won't work.
Bare faced lie with interest rates.
> Do try to keep up.
Let go of your dick before you end up completely blind, liar.
> Go find out what the Term Securities Lending Facility (TSLF) is.
Irrelevant to that lie of yours still at the top.
> Query also when was the last time the Fed bailed out an investment
> company (not a bank) as they did this week with Bear Stearns?
Irrelevant to that lie of yours still at the top.
Rod Speed
>>> and deregulated many of the measures taken that gave us those results.
>> You cant deregulate a measure.
> Sheesh, just when I think you can't be any denser.
Never ever could bullshit its way out of a wet paper bag,
or work out how to avoid premature ejaculation either.
Rod Speed
>>> You're not noticing the new and highly creative things the Fed is doing this month?
>> Nothing new or highly creative.
> I'll take that as a "NO" confirming your ignorance.
You can take it and shove it up your arse, where it belongs.
> The Wall Street Journal, press and economists see it.
Nothing like that stupid lie of yours now at the top.
> http://blogs.wsj.com/economics/2008/03/15/behind-the-feds-bear-loan-systemic-risk-fear/?mod=googlenews_wsj
> March 15, 2008, 10:36 am
> Behind the Fed's Bear Loan: Systemic Risk Fear
> The Federal Reserve's decision to invoke a Depression-era law
So it doesnt actually qualify as new or creative, fuckwit.
> so that it could lend to Bear Stearns shows how
> seriously it believes the financial system is at risk.
> Since last August the Fed has used both rate cuts and creative steps to
> infuse cash into the banking system and thaw markets as a whole, while
> striving to avoid anything that smelled like a bailout of any particular firm.
> But officials concluded the collateral damage that could accompany
> the failure of a major player in the debt markets was a far greater
> threat than the moral hazard it created by bailing out one firm and
> possibly encouraging risky behavior in the future.
> The Fed has two principal tools for lending money to market
> participants. It lends to its 20 "primary dealers," including Bear
> Stearns, every day for up to 28 days in return for top-quality
> collateral such as Treasurys. But this doesn't enable it to lend
> any single firm much money. It can lend unlimited sums through
> its discount window, but only to banks. It has, since 1932, had
> the authority to lend to nonbanks,
So it doesnt actually qualify as new or creative, fuckwit.
> but has been reluctant to use it. To underline
> the gravity of its use, at least five of the Fed's
> seven governors must ordinarily vote in its favor.
Irrelevant to that pig ignorant lie of yours at the top.
> It was last used to make loans during the Depression.
So it doesnt actually qualify as new or creative, fuckwit.
> The Fed invoked the clause in 1970 to lend to companies cut
> off from the commercial paper market by the failure of the
> Penn Central railroad, but did not end up lending any money.
Irrelevant to that pig ignorant lie of yours at the top.
> Also for your further consideration:
> "A man should never be ashamed to own he has been in the wrong, which
> is by saying, in other words, that he is wiser today than he was yesterday."
> -- Alexander Pope
Its you that needs to consider that when you have just got egg all over your
stupid face above, and you cant even claim that its my selective quoting since
you were actually stupid enough to blow your own stupid feet right off yourself.
Feel free to fall over now.
> Of course one has to chose to be smarter.
Not even possible for fools like you to do that.
So stupid that it blows both feet right off without any assistence what so ever.
Rod Speed
>>> That's desperation.
>> Nope, entirely appropriate to the current circumstances.
> Desperation is totally appropriate at this time, yes.
Pathetic.
> http://www.guardian.co.uk/business/2008/mar/15/creditcrunch.useconomy4
> Credit crunch woes claim America's fifth-biggest bank
You previously claimed that it aint a bank. Do at least TRY
to maintain a consistent line in mindless pig ignorant bullshit.
> . . .
> "Analysts said the call for help from the Fed amounted to an act of desperation.
Just some stupid journalist's claim.
> Carl Lantz, at Credit Suisse, said it meant the bank
> "didn't have enough money to turn the lights on this morning".
Just more mindless hyperventilation.
> http://www.ft.com/cms/s/0/5b2b37da-f232-11dc-9b45-0000779fd2ac.html
> Financial Times - UK
> Dow down in the doldrums
> By Dominic Picarda
> Published: March 15 2008 02:00 | Last updated: March 15 2008 02:00
> The US Federal Reserve's latest act of desperation
Just another stupid pig ignorant journo.
> to cope with the deepening crisis has produced the customary fillip
> in stock markets. But, as with its other interventions since August,
> the Fed's decision to accept mortgage-backed securities as loan
> collateral will probably fail to arrest equities' downward spiral.
Different matter entirely to your stupid claims about the economy about to implode.
> Ignoring this stunt, though,
It aint a stunt.
> there is a good reason why the Dow might bounce just now.
> I could go on and on,
And fool absolutely no one at all, as always.
> but that's enough to point out how foolish your being.
Wrong again, you blew both feet right off.
> Do you want to stop or do I need to keep rubbing your
> nose in knowledge in hope you might smell some?
I find it a lot more amusing watching you keep blowing both feet off.
Keep doing it child.
Rod Speed
>>> they recognize the old tools have been largely neutralized and are unavailable.
>> Bare faced pig ignorant lie. Every single thing that has been done in the
>> last month is an old tool used again, because it works and will do so again.
> LOL.
Village eejut imitations cut no mustard.
> Tell me the last time the Fed used the Term Securities Lending Facility (TSLF).
Irrelevant to that pig ignorant lie of yours at the top.
> (This should be interesting.)
Nope, you're always completely pathetic.
> When's the last time they bought up private bonds?
Irrelevant to that pig ignorant lie of yours at the top.
> when the last time they bailed out an investment firm like Bear Stearns?
Irrelevant to that pig ignorant lie of yours at the top.
> (Here's I'll help you with that one:
> http://www.nydailynews.com/money/2008/03/14/2008-03-14_bear_stearns_clings_to_life_as_feds_and_.html)
Rod Speed
>>>> they recognize the old tools have been largely neutralized and are unavailable.
>>> Bare faced pig ignorant lie. Every single thing that has been done
>>> in the last month is an old tool used again, because it works and
>>> will do so again.
>> LOL.
>> Tell me the last time the Fed used the Term Securities
>> Lending Facility (TSLF). (This should be interesting.)
>> When's the last time they bought up private bonds?
>> when the last time they bailed out an investment firm like Bear Stearns?
>> (Here's I'll help you with that one:
>> http://www.nydailynews.com/money/2008/03/14/2008-03-14_bear_stearns_clings_to_life_as_feds_and_.html)
> I gotta say Rod, I find your denials pretty damn funny.
Cant say the same for your spectacular footshots, they are too pathetic
to be funny and its not supposed to be nice to laugh at village eejuts.
> The more I build the case with facts, figures
You havent ever presented even a single one of either, liar.
> and expert opinions
Which dont say anything like you initially lied about.
> the louder and shriller your name calling gets.
Corse you never ever do anything like that yourself, eh child ?
<reams of your puerile shit any 2 year old could leave for dead flushed where it belongs>
Try harder child. You might actually manage to fool someone sometime, before you actually burst a blood vessel.
Rod Speed
> On Sun, 16 Mar 2008 08:52:41 +1100, "Rod Speed"
You in spades, child.
Wiiliam Souden
>
> No one is ever going to be stupid enough to pay you a cent, liar.
>
>
>
Other than your short lived fast food job who has ever paid you
anything, welfare boy?
Wiiliam Souden
William Souden
Sales fool / racetrack bum
Wiiliam Souden
> Never ever could bullshit its way out of a wet paper bag,
> or work out how to avoid premature ejaculation either.
>
>
Welfare Rod uses the paper bog bot when the facts fail him.
Wiiliam Souden
>
> So stupid that it blows both feet right off without any assistence what so ever.
>
>
Come on welfare boy, give is the flushing bot, a sure sign that your
welfare money is spent and the meds ran out.
Wiiliam Souden
>
> I find it a lot more amusing watching you keep blowing both feet off.
>
> Keep doing it child.
>
>
In the world of welfare boy the above passes for a cite.
Wiiliam Souden
Yep, the meds have run out and it is a few days until the next
welfare payment,
>
> Try harder child. You might actually manage to fool someone sometime, before you actually burst a blood vessel.
>
>
It would take a lot of fooling to believe that you have a
job,life,money or friends.
Rod Speed
> Reuters
> U.S. faces severe recession: NBER's Feldstein
> Friday March 14, 10:55 am ET
> By Ros Krasny
> BOCA RATON, Florida (Reuters) - The United States is in a recession
> that could be "substantially more severe" than recent ones, National
> Bureau of Economic Research President Martin Feldstein said on Friday.
Notice the COULD, he doesnt even say that that is certain, unlike fools like you.
> "The situation is very bad, the situation is getting worse, and the
> risks are that it could get very bad," Feldstein said in a speech at
> the Futures Industry Association meeting in Boca Raton, Florida.
Notice the COULD, he doesnt even say that that is certain, unlike fools like you.
> "There's no doubt that this year and next year are going to be very difficult years."
It would be a hell of a lot more surprising if they they
werent given the magnitude of the sub prime fiasco.
Doesnt mean that its the end of civilisation as we know it, or even a full depression tho.
> NBER is a private sector group that is considered the arbiter of U.S. business cycles.
Pigs arse it is.
> Feldstein is also a Harvard economics professor and
> former economic advisor to President Ronald Reagan.
Notice no Prez since has considered his advice worth bothering with.
> Answering questions from the audience, Feldstein said the downturn
> could be the worst in the United States since World War Two.
Notice the COULD, he doesnt even say that that is certain, unlike fools like you.
> Feldstein said the federal funds rate, the Federal Reserve's benchmark
> lending rate, is headed down to 2 percent from the current 3 percent.
Corse that has never ever happened before, eh ?
> He added that lower rates from the Fed would not have the same
> impact in the current downturn, in terms of reviving economic activity.
Yes, and that is why more than just that is being done by the fed.
> "There isn't much traction in monetary policy these days, I'm afraid,
> because of a lack of liquidity in the credit markets," he said.
And that is why something is being done about the lack of liquidity too.
> The Federal Open Market Committee meets on Tuesday to
> consider its next step on interest rates. Financial markets
> currently look for a rate cut of 75 basis points, to 2.25 percent,
> with a moderate chance rates will be slashed 100 basis points.
Hardly the end of civilisation as we know it, and a real benefit to everyone
who isnt on fixed interest rates and who has significant borrowings.
> The Fed's huge new credit facility, announced
> on Tuesday, "can help in a rather small way ...
In a hell of a lot more than just a small way, actually.
> but the underlying risks will remain with the institutions that borrow from
> the Fed, and this does nothing to change their capital," Feldstein noted.
But bailing out operations like Bear Stearns does.
> Feldstein said the combination of monetary and fiscal stimulus and
> the falling dollar "will help to dampen the magnitude of the downturn
So you can stop mindlessly hyperventilating now.
> but won't be enough to sustain an expansion."
We'll see. And even if there isnt an expansion, the current
economic situation is perfectly viable and is nothing even
remotely resembling anything like a full depression.
> "The housing situation is getting worse by the day," he noted, as
> more and more houses drop below 100 percent loan-to-value ratios,
> encouraging homeowners to walk away from their properties.
And that has happened before, and that was survived fine.
> More broadly, in global credit markets, "there is a
> lack of confidence leading to a lack of liquidity ...
And the other equivalent operations are dealing with that in similar ways,
even to the extent of bailing out operations like Northern Rock etc too.
> without credit creation, we can't have economic growth," Feldstein said.
But there is still credit creation in places like china and japan which werent
actually stupid enough to engage in stupiditys like the sub prime fiasco.
> Feldstein noted "powerful forces (that) will continue to drive inflation higher."
Hardly the end of civilisation as we know it, Feldstein.
> And while inflation expectations are still relatively well contained,
So you can stop mindlessly hyperventilating now.
> "you wonder how long that's going to last," he said.
Wonder away. Get back to us when something actually changes significantly in that area.
So he's not claiming anything like your pig ignorant claim that the fed has no tools that
it can use anymore and even the worst recession since the war is perfectly viable anyway.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote:
> > On Fri, 14 Mar 2008 16:49:48 -0700 (PDT), hab...@lycos.com wrote:
> >
> >> On Mar 14, 2:41 pm, Zeno <Z...@home.kom> wrote:
> >>> On Fri, 14 Mar 2008 07:15:26 -0700 (PDT), habe...@lycos.com wrote:
> >>>>> - Show quoted text -
> >>>
> >>>> Let that market keep sinking, should be great buys in a couple of
> >>>> months.
> >>>
> >>>> dennis
> >>>
> >>> I've been trying to decide if the lowest point is going to be before
> >>> the election or after. Any ideas?
>
> >> Mid-summer is what I'm hearing.
>
> Just plucked out of someone's arse.
>
> >> Watch events closely.
>
> That doesnt help.
>
> >> Personally, I'm concerned that we are at a dead end.
>
> The same claim has been made about every downturn, its never been true even
> of 1929.
>
> >> Not many products to sell,
>
> Modern first world economys are about a hell of a lot more than just products
> to sell.
>
> There will always be plenty of services to sell.
>
> >> rising energy costs,
>
> We've survived that fine before.
>
> >> a factionalized country,
>
> Nothing like as factionalized as it has been in the past and survived fine.
>
> >> and an incoming President who will be under heavy attack the minute he is
> >> sworn in.
>
> No Prez has much to do with the state of the economy, whatever they like to
> think.
>
> > I'd suggest looking how long it took the 1929 market to find bottom.
>
> Not relevant. We've worked out how to avoid full depressions.
>
> > Look at the desperation in the feds actions for the last two weeks.
> > Unprecedented bail outs and measures day after day. That's a
> > dive alarm on the submarine. Prepare to dive. AUUUGA!
>
> Lot more viable than the mindless approach taken in 1929 for years.
>
> > we're going into a really ugly period.
>
> Nope, you watch.
>
> > At the risk of sounding too conspiracy minded i would note that the great
> > depression last time spawned fascist governments around the world.
>
> And that wont happen again, because of what happened with those.
>
> We wont see communism booming ever again either, you watch.
>
> > America is facing the end of empire
>
> Nope. The full commercialisation of almost all technology still happens
> there first, most recently with google, ebay, paypal etc etc etc.
>
> Thats not going to stop happening, because of why it still happens.
>
> > and has been stepping very close to fascism in the last 7 years.
>
> Nothing even remotely resembling anything like fascism.
>
> And he's going quietly too, not even the remotest possibility that
> he will refuse to go and will try to stay in power, even as some
> like Putin are doing. And if he was stupid enough to try that,
> he'd be out on his arse so fast he wouldnt know what hit him.
>
> > The political risks of this depression (yes D not R)
>
> You wouldnt know what a real depression was if it bit you on your lard arse.
>
> > could be far greater than the economics risks.
>
> Nope. And we survived 1929 fine, and two world wars too and countless smaller
> conflicts.
Rod Speed is a comic idiot. No citations, no logic, just jingoism. Be
afraid.
--
Billy
Impeach Pelosi, Bush & Cheney to the Hague
http://angryarab.blogspot.com/
http://rachelcorriefoundation.org/
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
> >> stuff...@comcast.net wrote
> >>> hab...@lycos.com wrote
> >>>> Zeno <Z...@home.kom> wrote
> >>>>> habe...@lycos.com wrote
>
> >>>>>> Let that market keep sinking, should be great buys in a couple of
> >>>>>> months.
>
> > And those were fun?
>
> No one said anything about fun.
>
> > Merely surviving is not the goal.
>
> Neither is you mindless hysterical hyperventilation.
>
> > Ah the last of the faithful. Sheesh.
>
> Or someone with a clue, unlike mindless hysterics like you and your ilk.
>
> > A lot of people a whole hell of a lot smarter than you are talking
> > depression.
>
> Easy to claim, hell of a lot harder to actually substantiate that claim.
>
> There have been fools mindlessly hyperventilating about depression ever since
> 1929.
>
> And even when say the Japs did end up with a full depression, they did fine
> regardless.
>
> > Can you see the pyramids from there?
>
> Nope.
Citation please. Otherwise you are just pulling out your a-se.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
> >> stuff...@comcast.net wrote
>
> >>> A lot of people a whole hell of a lot smarter than you are talking
> >>> depression.
>
> >> Easy to claim, hell of a lot harder to actually substantiate that claim.
>
> >> There have been fools mindlessly hyperventilating about depression ever
> >> since 1929.
>
> > And the day before the Oct. 29 crash there were a whole bunch of
> > cheerleaders like yourself saying "the fundamentals were sound".
>
> And even someone as stupid as you should have noticed that we havent had a
> full depression since that one.
>
> There were lots of them in the century before 1929.
>
> > If you can't small the desperation from the daily Fed gymnastics you're
> > hopeless.
>
> We'll see if we get a full depression, child.
>
> And even if we do, we survived the last one fine.
>
> >> And even when say the Japs did end up with a full depression, they did
> >> fine regardless.
>
> > Chuckle. What are you smoking? it must be good.
>
> Never ever could bullshit its way out of a wet paper bag.
>
> They did see a few suicides, of those who are better off dead anyway.
>
> You should take a leaf from their book, just dont make a mess of the carpet.
Stage two, be abusive. Rod is a consistent idiot.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
> >> stuff...@comcast.net wrote
> >>> Rod Speed <rod.sp...@gmail.com> wrote
> >>>> stuff...@comcast.net wrote
>
> >>>>> A lot of people a whole hell of a lot smarter than you are talking
> >>>>> depression.
>
> >>>> Easy to claim, hell of a lot harder to actually substantiate that claim.
>
> >>>> There have been fools mindlessly hyperventilating about depression ever
> >>>> since 1929.
>
> >>> And the day before the Oct. 29 crash there were a whole bunch of
> >>> cheerleaders like yourself saying "the fundamentals were sound".
>
> >> And even someone as stupid as you should have noticed
> >> that we havent had a full depression since that one.
>
> > Which is why people have forgotten it's lessons
>
> No they havent. The fed is already applying the lessons that were learnt
> at that time and is taking the steps we learnt were required to ensure that
> we wont have a depression, just like it has quite a few times since 1929.
>
> > and dismantled many of the preventative measures
> > that were put in place when the knowledge was fresh.
>
> Bare faced pig ignorant lie. List even a single one of those, you cant.
>
> > It might just be time for another then, aye?
>
> Nope. Taint gunna happen, you watch.
>
> > Or are you in the school of "the fundamentals have changed
>
> Nope.
>
> > and we're smarter than that now. they're
> > always the ones leading us into the next crash.
>
> How odd that we havent actually had a full depression since 1929.
>
> Thats only a decade short of a full century now.
>
> >> There were lots of them in the century before 1929.
>
> > Yep. I've noted often that following the fundamentals with a proper mix of
> > Keynesian
> > and monetarist polices has made recession less frequent and less severe.
>
> And we havent had a full depression for almost a century now.
>
> There were lots of them in the century before 1929.
>
> > But for the past ten years we've abandoned those fundamentals
>
> Bare faced pig ignorant lie. The fed has just used them again to avoid a
> depression.
>
> > and deregulated many of the measures taken that gave us those results.
>
> You cant deregulate a measure.
>
> > You're not noticing the new and highly creative things the Fed is doing
> > this month?
>
> Nothing new or highly creative.
>
> > That's desperation.
>
> Nope, entirely appropriate to the current circumstances.
>
> > they recognize the old tools have been largely neutralized and are
> > unavailable.
>
> Bare faced pig ignorant lie. Every single thing that has been done in the
> last month is an old tool used again, because it works and will do so again.
>
> > They're desperately scrambling to find some way to hold this all
> > together. It's getting down to baling wire and duct tape at this point.
>
> Only in your pathetic little pig ignorant drug crazed fantasyland.
>
> > For example - the stimulus package is going to return virtually
> > nothing because we've neutralized it as a tool because of the
> > amount of our goods and services that come from over seas now.
>
> Bare faced pig ignorant lie. The vast bulk of services are STILL provided
> locally and so stimulate the economy, just like they have always done.
>
> And while some of the cheap goods come from overseas, a large part
> of the stimulus sales of them provide still pays the wages of the moneys
> involved in selling them in the US, just like they always have been.
>
> > One or two hops and those dollars are in China, Japan, the UK, Canada, etc.
>
> A small subset of those dollars, actually. And that STILL ensures that china
> wont
> see a full depression either, and thats what matters for the US economy
> anyway.
>
> > Even if the work or goods are made or done here,
> > more of the companies doing it are foreign owned.
>
> Fuck all of them are, actually.
>
> > (www.economyincrisis.org)
>
> Pure drivel.
>
> > and the profits go overseas.
>
> Bare faced pig ignorant lie.
>
> > This cuts the multiplier considerably
>
> Pigs arse it does since the same mindless pig
> ignorant hyperventilation was done about the Japs.
>
> The only thing thats changed is that much more of it ends up in china instead
> of in japan.
>
> > (hopefully you've read enough to know what we're talking about).
>
> Known what that was about since before you were even born thanks child.
>
> > Similarly lowering interest rates to increase monetary supply
>
> That isnt why interest rates are lowered.
>
> > isn't as useful a tool any more because it only drives the dollar lower,
>
> The dollar is irrelevant to stopping the economy from going into depression.
>
> > making oil cost more and pulling foreign investment away from the US
>
> The US doesnt need foreign investment, stupid.
>
> > (and foreign investment is almost all that keeping us afloat.)
>
> Bare faced pig ignorant lie.
>
> > Lowering dollar and lowering interest rates make
> > Japan and China less interested in our treasuries,
>
> Bare faced pig ignorant lie. The yuan is close to locked to the
> USD. And US interest rates still leave those in Japan for dead.
>
> > and that's what's financing Bush's deficit spending and war.
>
> They get to like that or lump it.
>
> > we could go on but an intelligent person will get the idea.
>
> Only a very stupid person would run those bare faced pig ignorant lies.
>
> > Our customary tools have been broken.
>
> Bare faced pig ignorant lie.
>
> > The fed is struggling to find ways that might work.
>
> Bare faced pig ignorant lie.
>
> The credit crunch is quite different to what was last seen.
> The way of dealing with that is necessarily different.
>
> > With luck and ingenuity they might manage.
>
> No might about it, they'll manage fine, just like they have for the last
> century.
>
> > But nothing so far looks near clever enough or effective enough.
>
> Only in the eyes of pig ignorant fools that dont have a clue about whats
> actually happening.
>
> > But shit idiots like you are still denying we're even in a recession.
>
> Corse that wouldnt be you doing any name calling, would it hypocrite ?
>
> And I never ever said a word about a recession anyway, liar.
>
> > And clinging to high school definitions and sloppy logic to pretend we're
> > not.
>
> > SO is this where you talk issues or just cant more denials and names?
>
> You in spades, child.
>
> > Like I have to ask.
>
> You in spades, child.
Have you noticed how many posters in Usenet are like Yosemite Sam (I'll
shoot the varmint") or the Queen of Heats from "Alice in Wonderland"(
Off with their heads)? I've heard that Rod is about ready to start a
comic book of his own. Yes, this is ad hominem, but well deserved.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
No citation. Just ad hominem attacks.
Rod Speed
stuff...@comcast.net desperately attempted to bullshit its way
out of its predicament and fooled absolutely no one at all, as always.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> pig ignorant
Pig ignorant ad hominem attacks.
123
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
With no facts and no factual support, Rod brays louder and louder.
Rod Speed
Rod Speed
You in spades, fuckwit.
Rod Speed
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
>
> >>> That's desperation.
>
> >> Nope, entirely appropriate to the current circumstances.
>
> > Desperation is totally appropriate at this time, yes.
>
> Pathetic.
>
> > http://www.guardian.co.uk/business/2008/mar/15/creditcrunch.useconomy4
> > Credit crunch woes claim America's fifth-biggest bank
>
> You previously claimed that it aint a bank. Do at least TRY
> to maintain a consistent line in mindless pig ignorant bullshit.
> > . . .
> > "Analysts said the call for help from the Fed amounted to an act of
> > desperation.
>
> Just some stupid journalist's claim.
>
> > Carl Lantz, at Credit Suisse, said it meant the bank
> > "didn't have enough money to turn the lights on this morning".
>
> Just more mindless hyperventilation.
>
> > http://www.ft.com/cms/s/0/5b2b37da-f232-11dc-9b45-0000779fd2ac.html
> > Financial Times - UK
> > Dow down in the doldrums
>
> > By Dominic Picarda
>
> > Published: March 15 2008 02:00 | Last updated: March 15 2008 02:00
>
> > The US Federal Reserve's latest act of desperation
>
> Just another stupid pig ignorant journo.
>
> > to cope with the deepening crisis has produced the customary fillip
> > in stock markets. But, as with its other interventions since August,
> > the Fed's decision to accept mortgage-backed securities as loan
> > collateral will probably fail to arrest equities' downward spiral.
>
> Different matter entirely to your stupid claims about the economy about to
> implode.
>
> > Ignoring this stunt, though,
>
> It aint a stunt.
>
> > there is a good reason why the Dow might bounce just now.
>
> > I could go on and on,
>
> And fool absolutely no one at all, as always.
>
> > but that's enough to point out how foolish your being.
>
> Wrong again, you blew both feet right off.
>
> > Do you want to stop or do I need to keep rubbing your
> > nose in knowledge in hope you might smell some?
>
> I find it a lot more amusing watching you keep blowing both feet off.
>
> Keep doing it child.
And the basis for Rod's judgemnt is nada, zip, no citations, no
evidence. The man is a loser. If I can call him a man, seems like a real
sorry ass example if you ask me.
Rod Speed
> Stage two, be abusive.
Corse you never ever do anything like that yourself, eh gutless ?
Rod Speed
How odd that there aint even a single cite from you, gutless.
123
out of its predicament and fooled absolutely no one at all, as always.
Rod Speed
Wot stunningly impeccible cites and logic we have seen from you, gutless.
> Be afraid.
You're the one wetting your pants, child.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
>
> >>> You're not noticing the new and highly creative things the Fed is doing
> >>> this month?
>
> >> Nothing new or highly creative.
>
> > I'll take that as a "NO" confirming your ignorance.
>
> You can take it and shove it up your arse, where it belongs.
>
> > The Wall Street Journal, press and economists see it.
>
> Nothing like that stupid lie of yours now at the top.
>
> > http://blogs.wsj.com/economics/2008/03/15/behind-the-feds-bear-loan-systemic
> > -risk-fear/?mod=googlenews_wsj
> > March 15, 2008, 10:36 am
> > Behind the Fed's Bear Loan: Systemic Risk Fear
>
> > The Federal Reserve's decision to invoke a Depression-era law
>
> So it doesnt actually qualify as new or creative, fuckwit.
>
> > so that it could lend to Bear Stearns shows how
> > seriously it believes the financial system is at risk.
>
> > Since last August the Fed has used both rate cuts and creative steps to
> > infuse cash into the banking system and thaw markets as a whole, while
> > striving to avoid anything that smelled like a bailout of any particular
> > firm.
>
> > But officials concluded the collateral damage that could accompany
> > the failure of a major player in the debt markets was a far greater
> > threat than the moral hazard it created by bailing out one firm and
> > possibly encouraging risky behavior in the future.
>
> > The Fed has two principal tools for lending money to market
> > participants. It lends to its 20 "primary dealers," including Bear
> > Stearns, every day for up to 28 days in return for top-quality
> > collateral such as Treasurys. But this doesn't enable it to lend
> > any single firm much money. It can lend unlimited sums through
> > its discount window, but only to banks. It has, since 1932, had
> > the authority to lend to nonbanks,
>
> So it doesnt actually qualify as new or creative, fuckwit.
>
> > but has been reluctant to use it. To underline
> > the gravity of its use, at least five of the Fed's
> > seven governors must ordinarily vote in its favor.
>
> Irrelevant to that pig ignorant lie of yours at the top.
>
> > It was last used to make loans during the Depression.
>
> So it doesnt actually qualify as new or creative, fuckwit.
>
> > The Fed invoked the clause in 1970 to lend to companies cut
> > off from the commercial paper market by the failure of the
> > Penn Central railroad, but did not end up lending any money.
>
> Irrelevant to that pig ignorant lie of yours at the top.
>
> > Also for your further consideration:
> > "A man should never be ashamed to own he has been in the wrong, which
> > is by saying, in other words, that he is wiser today than he was
> > yesterday."
> > -- Alexander Pope
>
> Its you that needs to consider that when you have just got egg all over your
> stupid face above, and you cant even claim that its my selective quoting
> since
> you were actually stupid enough to blow your own stupid feet right off
> yourself.
>
> Feel free to fall over now.
>
> > Of course one has to chose to be smarter.
>
> Not even possible for fools like you to do that.
>
> So stupid that it blows both feet right off without any assistence what so
> ever.
Pig ignorant lie has just about been worn out. Rod is dumber than dirt.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
>
> >>> and deregulated many of the measures taken that gave us those results.
>
> >> You cant deregulate a measure.
>
> > Sheesh, just when I think you can't be any denser.
>
> Never ever could bullshit its way out of a wet paper bag,
> or work out how to avoid premature ejaculation either.
This is an argument? Rod, go jerk off some where else idiot.
Rod Speed
You in spades, gutless.
> The man is a loser. If I can call him a man, seems like a real sorry ass example if you ask me.
No one is ever stupid enough to ask you, gutless.
Rod Speed
How odd that we havent seen a shred of anything like that from you, gutless.
Rod Speed
out of its predicament and fooled absolutely no one at all, as always.
Billy
Wiiliam Souden <sou...@nospam.com> wrote:
> Rod Speed wrote:
> > Never ever could bullshit its way out of a wet paper bag,
> > or work out how to avoid premature ejaculation either.
> >
> >
>
> Welfare Rod uses the paper bog bot when the facts fail him.
>
>
>
> William Souden
> Sales fool / racetrack bum
Facts? Rod doesn't need facts. It's all the antithesis of divine
revelation for Rod. No citations. No authoritative quotes. Just pulling
it out of his ass.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
>
> >>> But for the past ten years we've abandoned those fundamentals
>
> >> Bare faced pig ignorant lie. The fed has just used them again to avoid a
> >> depression.
>
> > The fed is using new tricks
>
> Bare faced lie with interest rates.
>
> > because the old ones won't work.
>
> Bare faced lie with interest rates.
>
> > Do try to keep up.
>
> Let go of your dick before you end up completely blind, liar.
>
> > Go find out what the Term Securities Lending Facility (TSLF) is.
>
> Irrelevant to that lie of yours still at the top.
>
> > Query also when was the last time the Fed bailed out an investment
> > company (not a bank) as they did this week with Bear Stearns?
>
> Irrelevant to that lie of yours still at the top.
When will Rod actually say anything?
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
> >> stuff...@comcast.net wrote
>
> >>>> And even someone as stupid as you should have noticed
> >>>> that we havent had a full depression since that one.
>
> >>> Which is why people have forgotten it's lessons
>
> >> No they havent. The fed is already applying the lessons that were learnt
> >> at that time and is taking the steps we learnt were required to ensure that
> >> we wont have a depression, just like it has quite a few times since 1929.
>
> >>> and dismantled many of the preventative measures
> >>> that were put in place when the knowledge was fresh.
>
> >> Bare faced pig ignorant lie. List even a single one of those, you cant.
>
> > Oh good lord. How can you be this childish. Go read about the
> > Glass-Steagall Act. Before that there was the deregulation of
> > the Savings and Loans. Remember how that worked out?
>
> Didnt have a damned thing to do with producing a DEPRESSION, fuckwit.
>
> > It's a long list,
>
> Like hell it is on producing a DEPRESSION, liar.
>
> > but your not interested in learning and just deny everything
> > so I'm not going to be your teacher unless you pay the tuition.
>
> No one is ever going to be stupid enough to pay you a cent, liar.
No. No. No. you contradicted a fantasy. Go back three spaces but Rod is
still an idiot.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
> >> stuff...@comcast.net wrote
> >>> Rod Speed <rod.sp...@gmail.com> wrote
>
> >>>> Nope. And we survived 1929 fine, and two world wars too and countless
> >>>> smaller conflicts.
>
> >>> And those were fun?
>
> >> No one said anything about fun.
>
> >>> Merely surviving is not the goal.
>
> >> Neither is your mindless hysterical hyperventilation.
>
> > LOL.
>
> Village eejut immitations cut no mustard.
>
> > I'm merely telling you what many of the leading experts are saying.
>
> You're lying now. You cant list even a single 'leading expert' that says
> anything
> even remotely resembling anything like your mindless hysterical
> hyperventilation.
>
> > I'm reminded of Harry Truman's old adage, "I merely tell them the truth and
> > they think it's hell".
>
> You wouldnt know what the real truth was if it bit you on your lard arse.
>
> > You've been a cheer leader for all the abuses that led to this collapse
>
> You're lying, again. I have never ever done anything even remotely
> resembling anything like that with the sub prime fiasco, liar.
>
> > and now you're desperately working to maintain your denial
> > and avoid seeing the perpetrators take responsibility.
>
> Only in your pathetic little drug crazed fantasyland.
>
> > Hey we've given you a fair warning.
>
> Just how many of your are there between those ears, child ?
>
> > You can use it and protect yourself
>
> Been doing that since before you were even born thanks, child.
>
> > or continue your denial and get chewed up.
>
> Taint gunna happen, child.
>
> > I hope you follow your beliefs, then you might actually learn.
>
> You'll never even learn to bullshit your way out of your predicament, child.
Speakin' of which child, St. Molly says that when yo be in a hole, yo
should stop diggin'. 'Nough said.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
> >> stuff...@comcast.net wrote
> >>> Rod Speed <rod.sp...@gmail.com> wrote
> >>>> stuff...@comcast.net wrote
> >>>>> Rod Speed <rod.sp...@gmail.com> wrote
>
> >>>>>> Nope. And we survived 1929 fine, and two world wars too and countless
> >>>>>> smaller conflicts.
>
> >>>>> And those were fun?
>
> >>>> No one said anything about fun.
>
> >>>>> Merely surviving is not the goal.
>
> >>>> Neither is your mindless hysterical hyperventilation.
>
> >>> LOL.
>
> >> Village eejut imitations cut no mustard.
>
> > Ah so unable to deal with issues you resort to name calling.
>
> Corse you never ever do anything like that yourself, eh hypocrite ?
>
> > How feeble.
>
> Yep, you are that in spades.
>
> >>> I'm merely telling you what many of the leading experts are saying.
>
> >> You're lying now. You cant list even a single 'leading expert'
> >> that says anything even remotely resembling anything like
> >> your mindless hysterical hyperventilation.
>
> > Spend a little time combatting your ignorance:
>
> We'll see...
>
> > http://www.j-bradford-delong.net/movable_type/
> > J. Bradford DeLong, Professor of Economics at U.C Berkeley, a Research
> > Associate of the NBER, a Visiting Scholar at the Federal Reserve Bank
> > of San Francisco, and Chair of Berkeley's Political Economy major.
>
> Nothing like a 'leading expert' and he doesnt say anything
> like your mindless pig ignorant hyperventilation anyway.
>
> > http://bigpicture.typepad.com/comments/economy/index.html
> > BArry Rhineholtz -
> > http://bigpicture.typepad.com/comments/media_praise_for_the_big_.html
>
> Nothing like a 'leading expert' and he doesnt say anything
> like your mindless pig ignorant hyperventilation anyway.
>
> > http://krugman.blogs.nytimes.com/
> > Paul Krugman -
> > Paul Krugman joined The New York Times in 1999 as a columnist on the
> > Op-Ed Page and continues as professor of Economics and International
> > Affairs at Princeton University.
>
> Nothing like a 'leading expert' and he doesnt say anything
> like your mindless pig ignorant hyperventilation anyway.
>
> > Mr. Krugman received his B.A. from Yale University in 1974 and his
> > Ph.D. from MIT in 1977. He has taught at Yale, MIT and Stanford.
> > At MIT he became the Ford International Professor of Economics.
>
> Nothing like a 'leading expert' and he doesnt say anything
> like your mindless pig ignorant hyperventilation anyway.
>
> > http://www.rgemonitor.com/blog/roubini
> > Nouriel Roubini
> > * Research Fellow, National Bureau of Economic Research
> > * Research Fellow, Centre for Economic Policy Research, London, UK
> > * Member, Bretton Woods Committee
> > * Member, Council on Foreign Relations Roundtable on the
> > International Economy
> > * Member, Academic Advisory Committee, Fiscal Affairs Department,
> > International Monetary Fund
>
> Nothing like a 'leading expert' and he doesnt say anything
> like your mindless pig ignorant hyperventilation anyway.
>
> > I trust these guys more than your name calling foolishness.
>
> Pity they dont say anything like your mindless pig ignorant hyperventilation.
>
> Not a single one of them even claims that we are in a full depression
> currently.
>
> >>> I'm reminded of Harry Truman's old adage,
> >>> "I merely tell them the truth and they think it's hell".
>
> >> You wouldnt know what the real truth was if it bit you on your lard arse.
>
> >>> You've been a cheer leader for all the abuses that led to this collapse
>
> >> You're lying, again. I have never ever done anything even remotely
> >> resembling anything like that with the sub prime fiasco, liar.
>
> >>> and now you're desperately working to maintain your denial
> >>> and avoid seeing the perpetrators take responsibility.
>
> >> Only in your pathetic little drug crazed fantasyland.
>
> >>> Hey we've given you a fair warning.
>
> >> Just how many of your are there between those ears, child ?
>
> > I'm not the only one on this group trying to shed
> > a little reality amongst all you blind worshippers.
>
> Claiming we are currently in a full depression is nothing
> even remotely resembling anything like that, fool.
>
> Thats nothing like 'reality'.
>
> >>> You can use it and protect yourself
>
> >> Been doing that since before you were even born thanks, child.
>
> > Well you should start showing some results for it real soon.
>
> I've shown the results of doing that since before you were even born too
> thanks, child.
>
> >>> or continue your denial and get chewed up.
>
> >> Taint gunna happen, child.
>
> >>> I hope you follow your beliefs, then you might actually learn.
>
> >> You'll never even learn to bullshit your way out of your predicament,
> >> child.
>
> > LOL.
>
> Village eejut imitations cut no mustard, child.
>
> > Are you even capable of addressing issues
>
> You clearly arent, child.
>
> > or is this mindless pablum all you've got?
>
> No need to ask if that pathetic excuse for bullshit is all you've got, the
> answer is obvious.
What chew be doin' back here fool? STFU
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote:
>
> > Reuters
> > U.S. faces severe recession: NBER's Feldstein
> > Friday March 14, 10:55 am ET
> > By Ros Krasny
>
> > BOCA RATON, Florida (Reuters) - The United States is in a recession
> > that could be "substantially more severe" than recent ones, National
> > Bureau of Economic Research President Martin Feldstein said on Friday.
>
> Notice the COULD, he doesnt even say that that is certain, unlike fools like
> you.
>
> > "The situation is very bad, the situation is getting worse, and the
> > risks are that it could get very bad," Feldstein said in a speech at
> > the Futures Industry Association meeting in Boca Raton, Florida.
>
> Notice the COULD, he doesnt even say that that is certain, unlike fools like
> you.
>
> > "There's no doubt that this year and next year are going to be very
> > difficult years."
>
> It would be a hell of a lot more surprising if they they
> werent given the magnitude of the sub prime fiasco.
>
> Doesnt mean that its the end of civilisation as we know it, or even a full
> depression tho.
>
> > NBER is a private sector group that is considered the arbiter of U.S.
> > business cycles.
>
> Pigs arse it is.
>
> > Feldstein is also a Harvard economics professor and
> > former economic advisor to President Ronald Reagan.
>
> Notice no Prez since has considered his advice worth bothering with.
>
> > Answering questions from the audience, Feldstein said the downturn
> > could be the worst in the United States since World War Two.
>
> Notice the COULD, he doesnt even say that that is certain, unlike fools like
> you.
>
> > Feldstein said the federal funds rate, the Federal Reserve's benchmark
> > lending rate, is headed down to 2 percent from the current 3 percent.
>
> Corse that has never ever happened before, eh ?
>
> > He added that lower rates from the Fed would not have the same
> > impact in the current downturn, in terms of reviving economic activity.
>
> Yes, and that is why more than just that is being done by the fed.
>
> > "There isn't much traction in monetary policy these days, I'm afraid,
> > because of a lack of liquidity in the credit markets," he said.
>
> And that is why something is being done about the lack of liquidity too.
>
> > The Federal Open Market Committee meets on Tuesday to
> > consider its next step on interest rates. Financial markets
> > currently look for a rate cut of 75 basis points, to 2.25 percent,
> > with a moderate chance rates will be slashed 100 basis points.
>
> Hardly the end of civilisation as we know it, and a real benefit to everyone
> who isnt on fixed interest rates and who has significant borrowings.
>
> > The Fed's huge new credit facility, announced
> > on Tuesday, "can help in a rather small way ...
>
> In a hell of a lot more than just a small way, actually.
>
> > but the underlying risks will remain with the institutions that borrow from
> > the Fed, and this does nothing to change their capital," Feldstein noted.
>
> But bailing out operations like Bear Stearns does.
>
> > Feldstein said the combination of monetary and fiscal stimulus and
> > the falling dollar "will help to dampen the magnitude of the downturn
>
> So you can stop mindlessly hyperventilating now.
>
> > but won't be enough to sustain an expansion."
>
> We'll see. And even if there isnt an expansion, the current
> economic situation is perfectly viable and is nothing even
> remotely resembling anything like a full depression.
>
> > "The housing situation is getting worse by the day," he noted, as
> > more and more houses drop below 100 percent loan-to-value ratios,
> > encouraging homeowners to walk away from their properties.
>
> And that has happened before, and that was survived fine.
>
> > More broadly, in global credit markets, "there is a
> > lack of confidence leading to a lack of liquidity ...
>
> And the other equivalent operations are dealing with that in similar ways,
> even to the extent of bailing out operations like Northern Rock etc too.
>
> > without credit creation, we can't have economic growth," Feldstein said.
>
> But there is still credit creation in places like china and japan which
> werent
> actually stupid enough to engage in stupiditys like the sub prime fiasco.
>
> > Feldstein noted "powerful forces (that) will continue to drive inflation
> > higher."
>
> Hardly the end of civilisation as we know it, Feldstein.
>
> > And while inflation expectations are still relatively well contained,
>
> So you can stop mindlessly hyperventilating now.
>
> > "you wonder how long that's going to last," he said.
>
> Wonder away. Get back to us when something actually changes significantly in
> that area.
>
>
> So he's not claiming anything like your pig ignorant claim that the fed has
> no tools that
> it can use anymore and even the worst recession since the war is perfectly
> viable anyway.
The ways of stupidity are infinite. Thus sayeth the Rod.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote:
> > On Sun, 16 Mar 2008 08:29:47 +1100, "Rod Speed"
> > <rod.sp...@gmail.com> wrote:
> >
> >> stuff...@comcast.net wrote
> >>> Rod Speed <rod.sp...@gmail.com> wrote
> >>>> stuff...@comcast.net wrote
> >>>>> Rod Speed <rod.sp...@gmail.com> wrote
> >>>>>> stuff...@comcast.net wrote
> > Another voice for you to ignore:
> > Reuters
> > U.S. faces severe recession: NBER's Feldstein
> > Friday March 14, 10:55 am ET
> > By Ros Krasny
>
> > BOCA RATON, Florida (Reuters) - The United States is in a recession
> > that could be "substantially more severe" than recent ones, National
> > Bureau of Economic Research President Martin Feldstein said on Friday.
>
> Doesnt even say anything about a depression, fuckwit child.
>
> > "The situation is very bad, the situation is getting worse, and the
> > risks are that it could get very bad," Feldstein said in a speech at
> > the Futures Industry Association meeting in Boca Raton, Florida.
>
> There's been plenty of mindless hyperventilation like that in the last
> century, child.
>
> > "There's no doubt that this year and next year are going to be very
> > difficult years."
>
> There's been plenty of mindless hyperventilation like that in the last
> century, child.
>
> > NBER is a private sector group that is considered the arbiter of U.S.
> > business cycles.
>
> Pigs arse it is.
>
> > Feldstein is also a Harvard economics professor and
> > former economic advisor to President Ronald Reagan.
>
> >> Let me guess -"Not a leading expert".
>
> Guess again. Doesnt say anything like your mindless hyperventilation,
> actually.
>
> Doesnt say a word about any 'broken tools' or any incapacity
> of the fed to be able to deal with the current situation either.
>
> Try again, child.
>
> > Answering questions from the audience, Feldstein said the downturn
> > could be the worst in the United States since World War Two.
>
> Nothing like your mindless hyperventilation, child.
>
> > Feldstein said the federal funds rate, the Federal Reserve's benchmark
> > lending rate, is headed down to 2 percent from the current 3 percent.
>
> No news. The US economy has survived that in the past, and will do so again,
> you watch.
>
> > He added that lower rates from the Fed would not have the same
> > impact in the current downturn, in terms of reviving economic activity.
>
> We'll see...
>
> > "There isn't much traction in monetary policy these days, I'm afraid,
> > because of a lack of liquidity in the credit markets," he said.
>
> Nothing like your pig ignorant claim.
>
> And the fed is doing other things about the lack of liquidity in the credit
> markets anyway.
>
> > The Federal Open Market Committee meets on Tuesday to consider
> > its next step on interest rates. Financial markets currently look for a
> > rate cut of 75 basis points, to 2.25 percent, with a moderate chance
> > rates will be slashed 100 basis points.
>
> > The Fed's huge new credit facility, announced on Tuesday, "can help in a
> > rather small way ...
>
> Easy to claim, hell of a lot harder to actually substantiate that last bit of
> that claim.
>
> > but the underlying risks will remain with the institutions that borrow from
> > the Fed, and this does nothing to change their capital," Feldstein noted.
>
> That last is just plain wrong. And he didnt 'note', he actually CLAIMED.
>
> > Feldstein said the combination of monetary and fiscal stimulus
> > and the falling dollar "will help to dampen the magnitude of the
> > downturn but won't be enough to sustain an expansion."
>
> Easy to claim, hell of a lot harder to actually substantiate that claim.
>
> > "The housing situation is getting worse by the day," he noted,
> > as more and more houses drop below 100 percent loan-to-value
> > ratios, encouraging homeowners to walk away from their properties.
>
> Thats happened before, and didnt produce the end of
> civilisation as we know it, or a full depression either.
>
> > More broadly, in global credit markets, "there is a lack of
> > confidence leading to a lack of liquidity ... without credit
> > creation, we can't have economic growth," Feldstein said.
>
> He's just plain wrong there too. China will continue to grow, you watch.
>
> And lack of economic growth is nothing like your mindless hyperventilation
> anyway.
>
> > Feldstein noted "powerful forces (that) will continue to drive inflation
> > higher."
> > And while inflation expectations are still relatively well contained, "you
> > wonder how long that's going to last," he said.
>
> We've survived MUCH worse inflation in the past and will survive that fine
> too, you watch.
>
> You can stop hyperventilating now, child.
Yo be the supercilious man, Rod. Ain't no man dumber than you.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
>
> >>> BOCA RATON, Florida (Reuters) - The United States is in a recession
> >>> that could be "substantially more severe" than recent ones, National
> >>> Bureau of Economic Research President Martin Feldstein said on Friday.
>
> >> Doesnt even say anything about a depression, fuckwit child.
>
> >>> "The situation is very bad, the situation is getting worse, and the
> >>> risks are that it could get very bad," Feldstein said in a speech at
> >>> the Futures Industry Association meeting in Boca Raton, Florida.
>
> >> There's been plenty of mindless hyperventilation like that in the last
> >> century, child.
>
> > LOL.
>
> Village eejut imitations cut no mustard.
>
> > Damn you can be stupid.
>
> We'll see...
>
> > That "mindless hyperventilation" is coming from
> > NBER President Martin Feldman you moron.
>
> There's been plenty of mindless hyperventilation like that in the last
> century, fuckwit.
>
> Plenty from those with much better credentials that that particular one too.
>
> > He is currently the George F. Baker Professor of Economics at Harvard
> > University,
>
> Well whoopy fucking do. Wouldnt be the first time some Harvard
> professor of economics has got it just plain wrong, fuckwit.
>
> > and the president and CEO of the National Bureau of Economic Research
> > (NBER).
>
> Well whoopy fucking do. Wouldnt be the first time one of those has got it
> just plain wrong, fuckwit.
>
> > From 1982 to 1984, Feldstein served as chairman
> > of the Council of Economic Advisers and as chief
> > economic advisor to President Ronald Reagan.
>
> And we all know how comprehensively that fool
> Raygun fucked things up economically, fuckwit.
>
> > But I understand he doesn't conform with your need for denial.
>
> Nothing to deny yet, fuckwit.
>
> Bet it turns out to be nothing like as bad as he mindlessly hyperventilates,
> and even he said nothing like your mindless pig ignorantly stupid claim that
> the fed has no tools available anymore anyway.
>
> > But damn at some point someone has to be able to
> > hammer a simple fact through that dense skull of yours.
>
> You dont actually have a single FACT, fuckwit.
>
> Just a CLAIM, a different matter entirely.
>
> > More news today:
>
> > http://www.businessandmedia.org/articles/2008/20080314131851.aspx
> > Not Just Recession, Clinton Appointee Talking 'Depression'
> > Former Labor Secretary Reich: 'I Think There's a 20 Percent Chance of a
> > Depression'
>
> Which is nothing like your previous mindless hyperventilation that a full
> depression is absolutely certain.
>
> And that fool cant explain why we havent had a full depression for almost a
> century now anyway.
>
> > By Jeff Poor
> > Business & Media Institute
> > 3/14/2008 1:21:16 PM
>
> > Many economists warn of tough economic times,
>
> Nothing like your mindless hyperventilation.
>
> > but former Clinton Labor Secretary Robert Reich doesn't
> > just warn of a "recession," he warns of a "depression."
>
> And it remains to be seen if he has got that right.
>
> And its just a bit odd that Benanki doesnt say anything like that.
>
> > "I think there's a 20 percent chance of a depression,"
> > Reich said to the Business & Media Institute on March 14.
>
> And it remains to be seen if that predication is anything more than just
> another
> fool that ends up with egg all over its face, just like all the other ones
> that have
> said that sort of thing repeatedly since 1929, who have ALL got egg all over
> their silly little faces very comprehensively indeed.
Citation fuckwit.
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> stuff...@comcast.net wrote
> > Rod Speed <rod.sp...@gmail.com> wrote
> >> stuff...@comcast.net wrote
> >>> Rod Speed <rod.sp...@gmail.com> wrote
> >>>> stuff...@comcast.net wrote
> >>>>> Rod Speed <rod.sp...@gmail.com> wrote
> >>>>>> stuff...@comcast.net wrote
> >>>>>>> Rod Speed <rod.sp...@gmail.com> wrote
>
> >>>>>>>> Nope. And we survived 1929 fine, and two world wars too and
> >>>>>>>> countless smaller conflicts.
>
> >>>>>>> And those were fun?
>
> >>>>>> No one said anything about fun.
>
> >>>>>>> Merely surviving is not the goal.
>
> >>>>>> Neither is your mindless hysterical hyperventilation.
>
> >>>>> LOL.
>
> >>>> Village eejut imitations cut no mustard.
>
> >>> Ah so unable to deal with issues you resort to name calling.
>
> >> Corse you never ever do anything like that yourself, eh hypocrite ?
>
> >>> How feeble.
>
> >> Yep, you are that in spades.
>
> >>>>> I'm merely telling you what many of the leading experts are saying.
>
> >>>> You're lying now. You cant list even a single 'leading expert'
> >>>> that says anything even remotely resembling anything like
> >>>> your mindless hysterical hyperventilation.
>
> >>> Spend a little time combatting your ignorance:
> >>
> >> We'll see...
> >>
> >>> http://www.j-bradford-delong.net/movable_type/
> >>> J. Bradford DeLong, Professor of Economics at U.C Berkeley, a
> >>> Research Associate of the NBER, a Visiting Scholar at the Federal
> >>> Reserve Bank of San Francisco, and Chair of Berkeley's Political
> >>> Economy major.
>
> >> Nothing like a 'leading expert' and he doesnt say anything
> >> like your mindless pig ignorant hyperventilation anyway.
>
> >>> http://bigpicture.typepad.com/comments/economy/index.html
> >>> BArry Rhineholtz -
> >>> http://bigpicture.typepad.com/comments/media_praise_for_the_big_.html
>
> >> Nothing like a 'leading expert'
>
> > LOL.
>
> Village eejut imitations cut no mustard.
>
> >> //and he doesnt say anything
> >> like your mindless pig ignorant hyperventilation anyway.
>
> >>> http://krugman.blogs.nytimes.com/
> >>> Paul Krugman -
> >>> Paul Krugman joined The New York Times in 1999 as a
> >>> columnist on the Op-Ed Page and continues as professor
> >>> of Economics and International Affairs at Princeton University.
>
> >> Nothing like a 'leading expert'
>
> > LOL.
>
> Village eejut imitations cut no mustard.
>
> > Economics Prof. from Princeton.
>
> Just some fool journo.
>
> > You're smarter.
>
> Never ever said that either.
>
> > Got it. it.
>
> Nope, you've got nothing, as always.
>
> >> and he doesnt say anything like your mindless pig ignorant
> >> hyperventilation anyway.
>
> Closing your eyes to that doesnt make it go away, child.
>
> >>> Mr. Krugman received his B.A. from Yale University in 1974 and his
> >>> Ph.D. from MIT in 1977. He has taught at Yale, MIT and Stanford.
> >>> At MIT he became the Ford International Professor of Economics.
>
> >> Nothing like a 'leading expert' and he doesnt say anything
> >> like your mindless pig ignorant hyperventilation anyway.
>
> >>> http://www.rgemonitor.com/blog/roubini
> >>> Nouriel Roubini
> >>> * Research Fellow, National Bureau of Economic Research
> >>> * Research Fellow, Centre for Economic Policy Research, London, UK
> >>> * Member, Bretton Woods Committee
> >>> * Member, Council on Foreign Relations Roundtable on the International
> >>> Economy
> >>> * Member, Academic Advisory Committee, Fiscal Affairs Department,
> >>> International Monetary Fund
>
> >> Nothing like a 'leading expert'
>
> > LOL.
>
> Village eejut imitations cut no mustard.
>
> > Maybe you'd like to name your experts?
>
> I wasnt the one stupid enough to lie that leading experts are saying the same
> thing that fools like you are.
>
> > LOL.
>
> Village eejut imitations cut no mustard.
>
> > I know you only consult yourself.
>
> You only play with yourself. You'll end up blind if you dont watch out,
> child.
>
> >> and he doesnt say anything like your mindless pig ignorant
> >> hyperventilation anyway.
>
> Closing your eyes to that doesnt make it go away, child.
>
> >>> I trust these guys more than your name calling foolishness.
>
> >> Pity they dont say anything like your mindless pig ignorant
> >> hyperventilation.
>
> >> Not a single one of them even claims that we are in a full depression
> >> currently.
>
> > And neither did I moron.
>
> Pity that other fool you claim are informing us did just that, child.
> >>>> predicament, child.
>
> >>> LOL.
>
> >> Village eejut imitations cut no mustard, child.
>
> >>> Are you even capable of addressing issues
>
> >> You clearly arent, child.
>
> >>> or is this mindless pablum all you've got?
>
> >> No need to ask if that pathetic excuse for bullshit is all you've got, the
> >> answer is obvious.
>
> > I see.
>
> You're lying, as always.
>
> > You're incapable of talking issues.
>
> You're lying, as always.
>
> > Got. It.
>
> Nope, you never ever manage that either, child.
>
> > Now fuck off then child.
>
> Go and fuck yourself, child.
>
> > You're whole schtick is flat denials and name calling.
>
> You in spades, child.
>
> > You have raised on issue in all of your posts.
>
> You're lying, as always.
>
> <reams of your childish shit any 2 year old could leave for dead flushed
> where it belongs>
>
> Try harder, child. You might actually manage to fool someone, sometime.
He fooled me. Now why don't you just go wrap yourself in a wet sheet and
relax, fool?
Billy
"Rod Speed" <rod.sp...@gmail.com> wrote:
> Go and fuck yourself, cross poster.
>
> Guv Bob <broth...@bigfoot.com> wrote:
> > Hey, dumb ass. Stop cross posting.
> >
> > "Rod Speed" <rod.sp...@gmail.com> wrote in message
> > news:640n7oF...@mid.individual.net...
> >> You wouldnt know what a real depression was if it bit you on your
> >> lard arse.
> >>
> >>> could be far greater than the economics risks.
> >>
> >> Nope. And we survived 1929 fine, and two world wars too and
> >> countless smaller conflicts.
Go and fuck yourself, Rod.
Billy
"Guv Bob" <broth...@bigfootYEEEEEEEOW.com> wrote:
> <Nove...@aol.com> wrote in message
> news:c02b7a89-124e-498a...@d4g2000prg.googlegroups.com...
> > Yep, another " Walk in, make a lot of quick money legally but
> > unethically, then walk out and laugh when the taxpayers get screwed
> > once again".
> >
> > And nobody in power seems to care.
>
> Nobody cares about you, Noveau the Dumb.
It's called socalizing the cost, and privatizing the profits. Nothing
like it for ripping off the dumb ass public. Go Bush.
Rod Speed
>>> Yep, another " Walk in, make a lot of quick money legally but unethically,
>>> then walk out and laugh when the taxpayers get screwed once again".
>>> And nobody in power seems to care.
>> Nobody cares about you, Noveau the Dumb.
> It's called socalizing the cost, and privatizing the profits.
Its actually called avoiding a full depression, fool.
> Nothing like it for ripping off the dumb ass public. Go Bush.
Thanks for that completely superfluous proof that you have never ever had a fucking clue.
Rod Speed
> Citation fuckwit.
After you, fuckwit.
Rod Speed
> He fooled me.
No surprises there...
Rod Speed
You in spades, fuckwit child.
Rod Speed
Yep, we've only got to look at you for the proof of that, fuckwit.