Global Financial Crisis (7 Viewers)

[ßöмßäяðîëя]

this goes way beyond Iraq, and I dont see Mc Cain (if he became prez) blowing over a trillion dollars to come up with ways to somehow fix the problem. he would have lowered taxes for a start to boost the economy

also, how much more money are we going to give to the faltering banks and automotive companies ?? they are going to go belly-up, no matter how much they are given

GDP = C+I+G+NX

Increase in GDP is an increase in G (government spending).

 

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[Enron]

this goes way beyond Iraq, and I dont see Mc Cain (if he became prez) blowing over a trillion dollars to come up with ways to somehow fix the problem. he would have lowered taxes for a start to boost the economy

also, how much more money are we going to give to the faltering banks and automotive companies ?? they are going to go belly-up, no matter how much they are given

McCain blew the economy in the 1970's and still favors deregulation. Of course he would be spending money right now. No President would stand back and watch the banking system and automobile industry disappear. It would be political suicide to do so.

 

[Enron]

Here's the anthem get your damn hands up:

http://hopingforfailure.com/

 

[ßöмßäяðîëя]

Here's the anthem get your damn hands up:

http://hopingforfailure.com/

He is such an asshole.

 

[Bjerknes]

this goes way beyond Iraq, and I dont see Mc Cain (if he became prez) blowing over a trillion dollars to come up with ways to somehow fix the problem. he would have lowered taxes for a start to boost the economy

also, how much more money are we going to give to the faltering banks and automotive companies ?? they are going to go belly-up, no matter how much they are given

McCain stated he would buy up all toxic mortgages. If you do the math, that's over one million mortgages worth over $100,000 a pop, equal to over $100 Billion alone. That's just the amount for buying up all the bad mortgages as he said he would do, and that's not even factoring in all the money the banks and other entities needed which he surely would have given them, just like Bush.

Partisanship is partly why this country has gone to hell. People need to realize both the Dems and the Republicans have all played their own part in this fiasco of economic meltdown, stemming first from Reagan's NAFTA to Clinton's abolishment of Glass-Stiegel through Greenspan's idiotic lowering of interest rates after 9/11. People have to realize both parties are the same damn thing, all acting in cahoots towards this financial collapse.

But I agree with you in this respect. Obama should stop sending money to these failed banks and companies and let them fail already. This shit is absurd it's pissing me off.

 

[Enron]

He is such an asshole.

He's the one person I would dance in the streets after his death.

 

[Bjerknes]

GDP = C+I+G+NX

Increase in GDP is an increase in G (government spending).

But that doesn't reveal the whole truth. Government spending causes inflation, plus the whole equation is based on the country having a surplus in current account, meaning positive exports minus imports.

 

[ßöмßäяðîëя]

Well NX is just EX-IM, it doesn't have to be positive, any exports would be positive.

 

[ßöмßäяðîëя]

McCain stated he would buy up all toxic mortgages. If you do the math, that's over one million mortgages worth over $100,000 a pop, equal to over $100 Billion alone. That's just the amount for buying up all the bad mortgages as he said he would do, and that's not even factoring in all the money the banks and other entities needed which he surely would have given them, just like Bush.

Partisanship is partly why this country has gone to hell. People need to realize both the Dems and the Republicans have all played their own part in this fiasco of economic meltdown, stemming first from Reagan's NAFTA to Clinton's abolishment of Glass-Stiegel through Greenspan's idiotic lowering of interest rates after 9/11. People have to realize both parties are the same damn thing, all acting in cahoots towards this financial collapse.

But I agree with you in this respect. Obama should stop sending money to these failed banks and companies and let them fail already. This shit is absurd it's pissing me off.

Don't get too stressed out, you might die.

 

[Bjerknes]

Well NX is just EX-IM, it doesn't have to be positive, any exports would be positive.

But as I said, it doesn't take into account debt. We have more debt than the world's GDP according to sources, and I don't have to say how much that could weigh down on the economy in the long run.

Claiming that government spending is a good thing in the long run is completely absurd in my view. Economies can't fund it.

 

[swag]

He is such an asshole.

He would rape his own daughter just to keep her from getting impregnated by her prom date.

 

[ßöмßäяðîëя]

But as I said, it doesn't take into account debt. We have more debt than the world's GDP according to sources, and I don't have to say how much that could weigh down on the economy in the long run.

Claiming that government spending is a good thing in the long run is completely absurd in my view. Economies can't fund it.

Economics is boring.

I'd rather read War and Peace, in Russian.

 

[ßöмßäяðîëя]

He would rape his own daughter just to keep her from getting impregnated by her prom date.

Only if he was black and a liberal.

 

[Enron]

I do have to say. This recession is doing wonders for the environment.

 

[ßöмßäяðîëя]

I might move to Vancouver, just to get away from Andy.

 

[Bjerknes]

Go for it.

 

[ßöмßäяðîëя]

But I'd have to be a Sounders fan, and i hate Swedenerns.

 

[swag]

I do have to say. This recession is doing wonders for the environment.

It's a boon for it.

 

[Enron]

It's a boon for it.

One of my professors gave me an article that said, more people used mass trans in 2008 than any other year. Interesting read.

 

[Bjerknes]

Unless you have the ability to short the market. That's what I would have been doing.

But I think we will see a bear market rally in the coming weeks. Just my hunch on technicals.

Well the bear market rally has begun, so lets see if we can hold onto some gains for a few days. Dow up over 300 points.