Where is the US economy headed?

It is an economic hole - the looting by Wall Street bank executives of the wealth of ordinary workers thru the stockshares in corporations which plummeted.

This economic crisis has nothing to do with Wall Street. It is completely the work of the FED.

The financial collapse is 100% the fault of companies who insanely over-leveraged themselves, with no care of the long-term consequences.

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The financial collapse is 100% the fault of companies who insanely over-leveraged themselves, with no care of the long-term consequences.

it was everybody's fault, almost all of America was and still is looking for the fast buck, to feed our addiction to acquiring stuff with out concern towards sustainability or with who gets hurt.

The sad thing is that instead of learning that we are on the wrong track we are all looking to get "back to normal".

This lesson is not over yet....

Quote:

This economic crisis has nothing to do with Wall Street. It is completely the work of the FED.

You don't know the first thing about what you speak of. The financial collapse is 100% the fault of companies who insanely over-leveraged themselves, with no care of the long-term consequences.

Cycloptichorn

Cycloptichorn wrote:

Quote:

This economic crisis has nothing to do with Wall Street. It is completely the work of the FED.

You don't know the first thing about what you speak of. The financial collapse is 100% the fault of companies who insanely over-leveraged themselves, with no care of the long-term consequences.

Cycloptichorn

So where did you hear this from? Fox News? CNN? You haven't taken any economics courses so I don't blame you for just blindly following things you heard on the news.

Krumple wrote:

Cycloptichorn wrote:

Quote:

This economic crisis has nothing to do with Wall Street. It is completely the work of the FED.

You don't know the first thing about what you speak of. The financial collapse is 100% the fault of companies who insanely over-leveraged themselves, with no care of the long-term consequences.

Cycloptichorn

So where did you hear this from? Fox News? CNN? You haven't taken any economics courses so I don't blame you for just blindly following things you heard on the news.

Who told you I've never taken any economics courses?

I've been studying the crisis for years and have probably forgotten more about it then you've ever heard. I certainly don't subscribe to the simplistic analysis that you think suffices.

Cycloptichorn

When you try to take a bullet out of the flesh wound you need to dig deeper to to grasp the bullet to to pull it out. You need to sterilize everything and to give the guy a stick to put in his teeth when he shouts out of pain. The GOP need a something in their teeth to chew on while the bullet is taken out. They cry out at the slightest pain. Poor cry babies!

we oppose your repeatedly failed methods. Don't cry! Just stop repeating what does not work and expecting a different result.

The next bubble that is going to burst will be the bond market.

Cancelled Health Plans, Cancelled Health Coverage, Higher Health Costs, Higher Federal Deficits: A 3-Month Checkup on ObamaCare

Three months after passage of the Democrats' wildly unpopular government healthcare takeover, nearly everything the Obama Administration said about the bill has turned out to be false, while the dire warnings of opponents were apparent understatements.

“Major U.S. employers like Caterpillar, John Deere, Verizon, and AT&T are considering dropping employee health plans; the Obama Administration has confirmed that two-out-of-three families will lose their current plan, smaller health insurers are shutting down, there’s not enough money to fund the high-risk pool, and we’re adding another $115 billion to the federal deficit that was concealed until after the bill became law,” says House Republican Conference Secretary John Carter. “Today is the three-month checkup on Obamacare, and the diagnosis is that the patient is dead as a doornail. The first duty of the new Congress in January must be repeal of this healthcare disaster.”

Krumple wrote:

The next bubble that is going to burst will be the bond market.

Oh yeah? What percentage of your life savings do you currently have invested in short options on the bond market? If you're right about what you so confidently assert here, shorting the bond market is an honest-to-goodness get-rich-quick scheme. Because the people on the bond market who put their money where their mouths are notably unconcerned about bonds collapsing. As we speak, thirty-year treasuries yield 4.4% a year---2.1% if they're inflation-protected. If the Fed is printing too much money, the bond market doesn't know yet.