What Are You Doing Right Now? (191 Viewers)

OP
ßöмßäяðîëя

ßöмßäяðîëя

The Krazyman
Thread Starter #57,003
Apr 12, 2004
77,165
  • Thread Starter
    • Thread Starter #57,003
    LetsBrushYourTeeth said:
    Obviously not those. But what they do is not allow the market to correct itself, so they end up making the problem worse. Ever since 1913, their policies have caused greater disasters and they certainly are playing with fire right now. There is nothing wrong with markets correcting themselves -- all parts of the business cycle are healthy and needed.

    I think the Austrian school of economics is the better way to go, not Mr. Keynes.
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    I'm just tired of people monday-morning-quarterbacking the situation.

    I prefer the Danny G school of economics.
     

    Sadomin

    Senior Member
    #57,004
    Apr 5, 2005
    7,327
    #57,004
    LetsBrushYourTeeth said:
    Obviously not those. But what they do is not allow the market to correct itself, so they end up making the problem worse. Ever since 1913, their policies have caused greater disasters and they certainly are playing with fire right now. There is nothing wrong with markets correcting themselves -- all parts of the business cycle are healthy and needed.

    I think the Austrian school of economics is the better way to go, not Mr. Keynes.
    Click to expand...
    Sure, the market will correct itself if the government doesn't interfere. At the expense of human life.
     
    Bjerknes

    Bjerknes

    "Top Economist"
    #57,009
    Mar 16, 2004
    116,165
    #57,009
    ßüякε;2107961 said:
    I'm just tired of people monday-morning-quarterbacking the situation.

    I prefer the Danny G school of economics.
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    It's not Monday-morning QB-ing when you're against the whole premise behind the institution itself and you're certain what they're doing will cause more problems.

    Well, lets just put it this way. If you would have invested capital based on what Ben Bernanke has said over the past four years, you would have underperformed the entire market that has already lost 50% of its value. You'd probably be bankrupt over excessive real estate speculation which he encouraged until it was too late.

    Sadomin said:
    Sure, the market will correct itself if the government doesn't interfere. At the expense of human life.
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    That's not necessarily true. Governments around the world have been known to take human life as well, you know. But even if their intentions are good, they can still make problems worse through moral hazard, conflict of interests, and general idiocy when it comes to economics and the capital markets.
     
    Delle Alpi

    Delle Alpi

    Chemical Dean
    #57,010
    May 26, 2009
    8,679
    #57,010

    Sadomin

    Senior Member
    #57,012
    Apr 5, 2005
    7,327
    #57,012
    LetsBrushYourTeeth said:
    That's not necessarily true. Governments around the world have been known to take human life as well, you know. But even if their intentions are good, they can still make problems worse through moral hazard, conflict of interests, and general idiocy when it comes to economics and the capital markets.
    Click to expand...
    Would you say that you have a bad government in the USA now?
     
    OP
    ßöмßäяðîëя

    ßöмßäяðîëя

    The Krazyman
    Thread Starter #57,014
    Apr 12, 2004
    77,165
  • Thread Starter
    • Thread Starter #57,014
    LetsBrushYourTeeth said:
    It's not Monday-morning QB-ing when you're against the whole premise behind the institution itself and you're certain what they're doing will cause more problems.

    Well, lets just put it this way. If you would have invested capital based on what Ben Bernanke has said over the past four years, you would have underperformed the entire market that has already lost 50% of its value. You'd probably be bankrupt over excessive real estate speculation which he encouraged until it was too late.
    Click to expand...
    But I didn't invest, and it is MMQBin' because no matter what, it's just speculation. You can't with any semblance of certainty know exactly what would happen.
     
    Bjerknes

    Bjerknes

    "Top Economist"
    #57,016
    Mar 16, 2004
    116,165
    #57,016
    ßüякε;2107994 said:
    But I didn't invest, and it is MMQBin' because no matter what, it's just speculation. You can't with any semblance of certainty know exactly what would happen.
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    Peter Schiff wrote an entire book about it in 2006, nailed the meltdown dead-on. Similar situation with Marc Faber.

    Nothing wrong with warning about policies that may create financial devastation. As I said, if we go by what the Fed tells us, we'll be in big trouble.
     
    Bjerknes

    Bjerknes

    "Top Economist"
    #57,018
    Mar 16, 2004
    116,165
    #57,018
    Sadomin said:
    No government is perfect, but I hope you appreciate what you have.

    You don't like Obama's health care plan? Or you're strictly referring to the way they're handling the financial crisis?
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    I don't know much about the health care plan; certainly something I need to read up on. But basically, Wall Street has hijacked Washington through the Obama Administration, with the American taxpayer being the loser in more ways than one. Obama is aiding and abetting financial terrorism aka mass looting from the general public for the benefit of a small group of people on Wall Street.

    If you're interested, it's summed up brilliantly here.
    http://market-ticker.denninger.net/archives/1317-DAMNIT,-STOP-THE-LOOTING-NOW!.html
     
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