Comments on: Stocks Suffer Sixth Straight Day Of Losses

Dow Closes Down 190 Pts. As Wall St. Remains Rattled Despite News Of Emergency Rate Cut

[cfin5]

Posted by thcarson at 06:31 PM : Oct 08, 2008----- I don''t drink beer, but your whit-logical post cracks me up! If you really wanna know real economical security, CAN your own food. I have put back over seven hundred quarts of food, almost a "chord" of new potatoes, 15 chords of hard firewood, a freezer full of pear cider, a ten gallon crock full of home made sauerkraut, and a wood burning cook stove to prepare the food with. All this was accomplished through hard and diligent work in its season,......at a cost of around (after equipments initial purchase) 1500 bucks. Peaches and Pear trees pay me every year without me having to call some stupid broker all the time. Wouldn''t even try to eat a dollar bill,.....or trade it for the REAL money I made for my families well being. Worrying really SUCKS, especially if your the one to blame.

[legacyabq]

Sevenbillion

You make an *excellent* point.
The interest is so low that its effectiveness as a tool is nearing nil. People treat the economy like a gambling casino, and we have gotten far away from realizing real values of various stocks. So much emphasis is placed on skimming fees and making money on short term trading, and speculation on futures etc. that it''s a wonder that companies even remember to actually PRODUCE anything anymore, like GOODS and SERVICES.. Its become a giant monopoly game. This is no way to run an economy. WAAAAAY too much emphasis is put on "growth", when that growth is only on paper.
Look, the economy cannot grow infinitely. We need to stop playing like we''re warren buffet, and base our economy on tangible goods and services, sustainable things like new energy technololgy, and stop all this day-trading currency-exchange-skimming bellshut.

[sevenbillion]

This fixation over each and every few hundred points loss in a stock market index that runs to five digits (i.e. just a very few percent in any one day) is a nonsense. Put differently, you may notice that when you have physical bubbles on a liquid and one bubble pops the others near it often do also. But it can take quite a while before the other ones finally pop too. The housing price bubble seems to have finally burst but the stock market bubble hasn''t yet done so. Stocks are still massively overvalued, relative to what would be reasonable for any appropriate historic pricing basis.

Ludicrously low interest rates, set in the supposed hope of keeping THE LIE that is ''ECONOMIC GROWTH'' alive will result in rampant inflation, yet more excessive borrowing - since it''s far, far too cheap to do so - and savings levels that are virtually non-existent.

Any supposed lending freeze would actually be a cause for hope - not desperation!

What is needed is simply a base lending rate of about 10% and thus an end to foolish borrowing. Economic growth is simply a lie to keep politicians and others from tackling overpopulation and the destruction of the planet.

[sevenbillion]

This fixation over each and every few hundred points loss in a stock market index that runs to five digits (i.e. just a very few percent in any one day) is a nonsense. Put differently, you may notice that when you have physical bubbles on a liquid and one bubble pops the others near it often do also. But it can take quite a while before the other ones finally pop too. The housing price bubble seems to have finally burst but the stock market bubble hasn''t yet done so. Stocks are still massively overvalued, relative to what would be reasonable for any appropriate historic pricing basis.

Ludicrously low interest rates, set in the supposed hope of keeping THE LIE that is ''ECONOMIC GROWTH'' alive will result in rampant inflation, yet more excessive borrowing - since it''s far, far too cheap to do so - and savings levels that are virtually non-existent.

Any supposed lending freeze would actually be a cause for hope - not desperation!

What is needed is simply a base lending rate of about 10% and thus an end to foolish borrowing. Economic growth is simply a lie to keep politicians and others from tackling overpopulation and the destruction of the planet.

[dangyankee69]

we need a 9/11 style commission to find out what really happen here. lobbyist from fannie mae and freddie mac should go to jail along with any one in congress that took monies from those lobbyist. lockup all those ceo''''s that stole millions too.

Posted by hclinton2012

Hey, What do you think you will gain by pointing fingers. Has it occurred to you that those "fatcats" lost more money in this little debacle than most Americans will ever see in a lifetime. Do you really think it was their idea.

As for a commission. Good money thrown after bad.

Instead of wasting our time looking to understand what went wrong we need to focus on understanding how to move forward.

1) Flat Tax
2) Take Power away from the Federal Government
3) Moneys that the Federal Government does collect through taxation should be used for Federal Powers (D-fence, kind of a pun there)
4) States should have the means to improve infrastructure (education, transportation, etc.)

[roadsterboy]

I''m just gonna cling to my guns and religion and prove how stupid that over blown slogan the repigs are using in mailers really is.

Mr McGoo and Mary Poppins Palin will just exacerbate the problem cause they are just like Dumbya, tax cutd for corps and ultra rich.

HOW''S THAT working out for ya?

[thcarson-2009]

Here is ''NO LOSE'' Investment to help you in our current economic standings. This is a self proven method I have been very successful doing. If you had purchased $1,000 of AIG stock one year ago, you would have $42 left. With Lehman, you would have $6.60 left. With Fannie May or Freddie Mac, you would have less than $5 left. But LISTEN carefully, if you had purchased $1,000 worth of beer (no matter the brand) one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have had $214. Based on the above, the best current investment advice is to drink heavily and recycle. It''s called the 401-Keg Plan. This is what I, have been doing and enjoying during this so called depression. Good luck and enjoy your new found fortune. The world is now your oyster.

[generey]

By the time the next President takes office we will probably all be standing in "Bread Lines".

Maybe Bush will declare a state of emergency and call off the election...which he has the power to do via a bill that was signed into law about two years ago.
Power to the People!


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Posted by alpinefir at 06:14 PM : Oct 08, 2008

Standing in bread lines??? Not me...I''ll take it, steal it & run with it LOL. No rules in my book; I''ve played by the "rules" for many many years. Now I do whatever I hafta do. MY way.

[alpinefir]

I agree Lemonskink. The problem is they have printed up so much of that toy money, it is almost worthless, and the more Bush gives out the more worhtless it becomes.

[cfin5]

Well, we all reap the kind of crop we sow,......RON PAUL told us so. When I look back to my foolishness for a bit of refreshing reality, I remember a time when I didn''t have but three or four cans of food in the cupboard during an economic drought. Learned real quick that it''s way past time to purchase garden tools. I have been diligent since then and that kind of day has NEVER happened again. Standing there looking at my wonderful wife and family, nothing for supper, remembering that my time was spent paying attention to the demon of folly via the tube,..... I excercised MYSELF! Life is hard enough without asking for it.