Reply to: USA Just Gone Bust

[HairyArsedBloke]

Looks like markets are pretty happy with this move. USD does not seem to suffer from it. Shareholders of those companies are shafted though. Looks like I was right after all

That charts shows last few months of heavy falls, today's reaction is positive for sure.

Oh well. Back to where we were at the close of play on Friday on the dow and the S&P 500 likes it even less.

[AtW]

How much did you bet on it?

Nothing. I stopped betting after:
1) losing £100 on a stupid bet in this forum
2) losing just over £100 on Euro-08

[BrilloPad]

Looks like markets are pretty happy with this move. USD does not seem to suffer from it. Shareholders of those companies are shafted though. Looks like I was right after all

How much did you bet on it?

[AtW]

Their 'joy' doesn't look so great when you look at the daily chart.

That charts shows last few months of heavy falls, today's reaction is positive for sure.

[DimPrawn]

Interestingly this State intervention funded by the US taxpayer in the heart of the Land of the Free does seem to demonstrate the 'Illusion' of free markets - perhaps fundamentally extreme socialism (communism) and extreme capitalism (fascism) are two sides of the same coin.

http://www.thedailymash.co.uk/news/i...-200809081236/

[AlfredJPruffock]

Interestingly this State intervention funded by the US taxpayer in the heart of the Land of the Free does seem to demonstrate the 'Illusion' of free markets - perhaps fundamentally extreme socialism (communism) and extreme capitalism (fascism) are two sides of the same coin.

[HairyArsedBloke]

Looks like markets are pretty happy with this move.

Their 'joy' doesn't look so great when you look at the daily chart.

[AtW]

Looks like markets are pretty happy with this move. USD does not seem to suffer from it. Shareholders of those companies are shafted though. Looks like I was right after all

[AlfredJPruffock]

I read with interest the predictable hysteria on this board regarding what can only be termed as a mere 'tweaking' of the US economy.

Those whom would have us believe that the US economy is in anything less than a robust condition should join the ranks of the 9-11 Marxist Terrrorists such as Saddam who predicted that the costs of the Iraq War would break the US economy.

In an Iron Coffin - with Spikes on the inside.

[DimPrawn]

So the problem of excess money and too lax lending standards is solved by creating more money and relaxing lending standards !?

In the short term, yes. Business as usual. Fill yer boots!

[bobhope]

So the problem of excess money and too lax lending standards is solved by creating more money and relaxing lending standards !?

[BrilloPad]

Yes, let them go pop, and pursue all the City bankers personally for any losses. Every single person involved in the banking industry in any shape or form should be personally bankrupted and made to pay every penny back over the last 10 years.

[DimPrawn]

I'm psychic!

I read Oracle's post and said to myself "Sas will be along next, he smells blood in the water like a piranha"

Halibut.

[Diver]

The Millionaire Dim Prawn (TM) didn't become so by being stupid you know

I'm psychic!

I read Oracle's post and said to myself "Sas will be along next, he smells blood in the water like a piranha"

[DimPrawn]

So your unique insight is economies have peaks and troughs.

No, my insight is that what looks like a rescue plan and a solution to the sub-prime credit crunch is infact just delaying and intensifying the crash that is in the near future.

But hey, I'm just here for the Aygo driving permie to laugh at.