the main culprit was the gramm-leach-bailey act which allows banks to create excessive flows into financial "assets" instead of using those cash flows for investment. this is how/why our "economy" is now dependent on the fed to blow bubbles, "or else..."
simply amazing how no one discusses this act as the true culprit for why we're in a depression. everyone still wants to blame bush. clinton is/was the problem.
what? no follow up gloating???
and exit another one of aapljack's minions with his tail up his......
seriously, a bank in tiny portugal is going to undo all the printing the central printers have under taken in the last 5+ years to pretend we're not in a depression? not a chance. if there is a chance the peasants get slammed in the rear, it is bullish for stocks.
bailouts. printing. job losses. lower wages. higher taxes. massive inflation. etc, etc, etc.....all BULLISH.
this is odd. european bank in trouble is extremely bullish news. this means more bailouts via taxpayer theft and more printing by the central banks.
if you're not buying this dip, you truly are insane.
obviously, another person that has bought into the aapljack way of thinking. ouch. sorry.
where is that monkey anyways? and, shouldnt stocks have crashed by now....based on aj's timeframe because of the "Time" magazine cover????
havent you learned yet? every headline is bullish for stocks. there are no markets. just a bunch of bubbles.
your biggest mistake is you still think there is a "market". Ben killed the markets in 2009.
as bulls roar back to 60.6 and bears hit all time low of 15.2.
i still cant believe aapljack pays for this information. and then has the arrogance to think he is somehow special and that you cant google it. it works for me every week.
is that monkey still alive btw? probably. leaching off the govt for his free healthcare, food stamps, disability and what ever else free he can get from .gov.
so, who is hurting more?
me or the monkey that decided to spend his sunday of a holiday weekend crying about pork prices?
people with 6 figure incomes arent very worried about food and/or energy costs increasing. oh no, does that mean i only "stash" $29,500 in my savings this yr instead of 30K? the horror, the horror!!!
yes. you are.
anyone that knows stocks are going higher and still maintains a short has to be dumb. maybe even dumber than buzz. which, i thought was virtually impossible.
bango may have a good price to finally short. but, wait until after pomo finishes at 11 and europe closes at 11:30.....
see, its not so hard to make money in this "market".
#2-$3B in POMO into an illiquid "market"
#3-banks get their "risk money" back from the Fed via reverse repo
#4-yen to take a beating tonight
#5-quarter end where cnbc tells you trillions of "sideline money" come pouring in
etc, etc, etc....
ooops. my apologies. i forget at least one more bubble: student loans.
in which the former students will become indentured servants to their banker overlords in order to pay back their debt. of course, this debt will be packaged in new "debt vehicles" called slave-backed securities (SBS) and then sold to the Fed in QE6. and the enslavement of america will be complete.
the fed will own all of your children and your property. its the price of record high stocks: your freedom and right to "own land".
well, since obama is just a puppet for wall st, did u ever consider he's simply doing what he is told?
the bankers did a great job selecting O. he has given them everything they could ever imagine. afterall, every policy decision is based on doing whatever it takes to not #$%$ the stock bubble.
you're angry at the wrong guy.