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How is this happening?

 
 
Reply Sun 26 Dec, 2010 06:46 pm
From the WSJ:
Quote:
BY BEN LEVISOHN

Investors may have nothing to fear but the lack of fear itself.

The debt situation in Europe is deteriorating. Inflation threatens to derail emerging-market economies. And the U.S. faces a potential time bomb with its own sizable debt.

Yet in the face of all these hazards, the stock market is hitting two-year highs and investors are feeling more bullish than they have in years. Even the market's "fear gauge" is trading near its lowest levels since April, indicating a lack of worry among professional options traders.


My fear grows as Obama approves the Bush's tax cuts for the wealthy for two more years (and probably longer as the GOP takes control of the House) while they continue to increase our debt load.

Can't people see the danger our country is in while we only look at the Euro countries that are already bankrupt?

It seems to me that the US government is investing in the stock market to prop it up based on their frequent reports of our "improving economy." When there is nothing to back up all that US currency floating around in this world, it's only a matter of time before the balloon explodes. When the feds misguided idea was announced about purchasing bonds with $700 billion in printed money, what in the world are they thinking? They are all suicidal, and know nothing about fiduciary responsibility or monetary p0licies. They're all crazy!
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Type: Question • Score: 1 • Views: 788 • Replies: 3
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tsarstepan
 
  2  
Reply Sun 26 Dec, 2010 07:03 pm
@cicerone imposter,
Well we're watching a terrible 1980's slasher horror film when the doltish jock separates from his cheerleader babe postnecking/presex in search of the fuse box in the basement after the lights and electricity mysteriously cuts off.

No weapon and perhaps a set of matches for his only source of light, the audience just knows he's getting a pair of axes buried in his knees and an inevitable drill up his nose.

Certainly many people see this inevitable catastrophe. The bankers who are the engine of this crisis so they can continue collecting their $50 million bonuses. The alleged regulators who look the other way and when they leave their public office, they are set up with 6 or 7 figure salaries in a think tank, fueled and funded by the above mentioned bankers which the regulators are in theory supposed to be regulating.

Then there is the Republican base. They're too stupid and gullible as they swear they are true patriotic members of grass roots organization and that their leaders are there to protect the values of the rank and file. It would be laughable if the rest of the country didn't have to suffer the cancer of the Republican greed machine.

And then there's the rest of us. Sitting on the curb while we see two buses speeding up to two stop signs at an intersection with a four way stop sign configuration. We think to ourselves that there is no way these buses will stop in time and many people will be crushed in the ensuing INTENTIONAL accident.


This next economic crisis is a horrible inducer of mixed metaphors
cicerone imposter
 
  1  
Reply Sun 26 Dec, 2010 07:29 pm
@tsarstepan,
Your mixed metaphors make a lot of sense - at least to me!

Those bankers produce nothing of tangible worth, and still earn more than six figure salaries and seven figure bonuses for creating more balloons.

It doesn't take a rocket scientist to figure out there's a huge problem in this kind of make-believe wealth creation.

The engines already burned out; how much longer will it take for the crash?
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Green Witch
 
  1  
Reply Sun 26 Dec, 2010 07:34 pm

http://0.tqn.com/d/politicalhumor/1/7/L/t/3/Santa-Corporation.jpg
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