#2 2008-07-11 23:35:48
orangeplus wrote:
2nd largest bankfailure in US history happened at 3PM PST today./
Why is it that the fiscal-leaning Republicans end up with the bank failures?
http://en.wikipedia.org/wiki/List_of_recessions
No thread-bare talking points about inheriting an economy either, please. "W" proved that theory wrong...
Side note- I did not realize that Mr. McCain was one of the Keating Five
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#3 2008-07-12 04:36:04
sic wrote:
orangeplus wrote:
2nd largest bankfailure in US history happened at 3PM PST today./
Why is it that the fiscal-leaning Republicans end up with the bank failures?
http://en.wikipedia.org/wiki/List_of_recessions
No thread-bare talking points about inheriting an economy either, please. "W" proved that theory wrong...
Side note- I did not realize that Mr. McCain was one of the Keating Five
I'd be less worried about the Keating Five and more worried that Phil Gramm is his #1 financial advisor and author of his fiscal policies. That's right, the guy who says that people who don't like the current state of the economy are all whining and that we're only in a "mental recession" a couple of days ago.
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#4 2008-07-12 05:35:46
Failure is such a harsh word. Let's call it a do-over.
Mae and Mac continued to hemorrhage yesterday, which is by far a bigger worry.
tojo2000 wrote:
we're only in a "mental recession"
Technically true, as the actual base of a capitalist economy is consumer and investor confidence.
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#5 2008-07-12 05:56:21
opsec wrote:
Failure is such a harsh word. Let's call it a do-over.
Mae and Mac continued to hemorrhage yesterday, which is by far a bigger worry.tojo2000 wrote:
we're only in a "mental recession"
Technically true, as the actual base of a capitalist economy is consumer and investor confidence.
No, that's the base of the stock market. Capitalist economies are perfectly capable of existing outside of stocks and futures.
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#6 2008-07-12 10:43:08
tojo2000 wrote:
opsec wrote:
tojo2000 wrote:
we're only in a "mental recession"
Technically true, as the actual base of a capitalist economy is consumer and investor confidence.
No, that's the base of the stock market. Capitalist economies are perfectly capable of existing outside of stocks and futures.
You're entirely incorrect. Credit, paper currency or any representation of goods and services with only incidental intrinsic value (unlike gold for instance), relies on confidence. Even in a barter economy, buyer confidence affects the value of the goods themselves.
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#7 2008-07-12 19:47:35
Stagflation. Mental recession. Bear market. These terms mean nothing to me.
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#8 2008-07-12 20:00:09
pALEPHx wrote:
Stagflation. Mental recession. Bear market. These terms mean nothing to me.
http://goldmoney.com/en/charts/0usd120.png
Yeah, too bad the United States decided to get off the gold standard and go with the IMF. Gosh darned Illuminati strikes again!
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#9 2008-07-12 21:09:05
Baywolfe wrote:
Gosh darned Illuminati strikes again!
It's also worth noting when the upward trend began.
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#10 2008-07-12 21:53:15
pALEPHx wrote:
It's also worth noting when the upward trend began.
Of course. It looks like there was some kind of selloff that drove the price down temporarily between September 2001 and December 2001, and then it took off.
Wonder how much of that is due to "The End of Civilization" panic?
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#11 2008-07-12 22:00:45
Baywolfe wrote:
Wonder how much of that is due to "The End of Civilization" panic?
I'm not much on macroeconomic theory, but I'd lay odds that we'll never really find out. Sure, we can wait until the current regime is out of office, but then the New Hope Obama-wan won't be wasting his whole administration pursuing these criminals, will he. I loudly pray that Cheney dies before he gets to enjoy the spoils of his war. Heart trouble, presumably, but here's to hoping one of his cherished friends shoots him in the face. You know he'd've returned the favor.
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#13 2008-07-15 22:11:14
Geez, don't ya just pine for the good old days, when guys jumped out of windows when banks crashed? I say, let's have us a real crash like back in 29, when women were women and men were large, red smudges on the pavement.
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#14 2008-07-15 22:30:56
whosasailorthen wrote:
Geez, don't ya just pine for the good old days, when guys jumped out of windows when banks crashed? I say, let's have us a real crash like back in 29, when women were women and men were large, red smudges on the pavement.
That was back when men would do the honorable thing...now you have to wait for them to get prosecuted then die before sentencing...like Ken Lay.
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#15 2008-07-16 11:01:38
Can't I just go on-line and transfer my balance to some other bank?
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