Pee Brain Posted September 8, 2004 Report Share Posted September 8, 2004 Actually if you are watching carefully- Greenspan is saying in his foggy way we need or a return to fiscal resposibility or we are fooked-PEGO has been used a dozen times. The Repubs look like idiots, Greenie is scared shitless, I think this hearing just puts a torpedo in the water aimed right at Shrub and Cheney! no, he's covering his ass by pointing the finger at congress. he's the jackass manufacturing negative real rates. if you look at the stimulus thats been forced into this economy and consider the results, AG is a complete failure, as is this administration and legislature - the failure of the misallocations in the system will be far more painful than if we would have had a less "shallow" recession.... AG is the devil, he bemoans the plight of retireees and then yields them less than 1% on their bank accts and forces them into the speculative arena to avoid eating cat food. all the while savers get dryhumped and thrift is penalized - if he is so concerned about retirees, why he destroying the purchasing power of a lifetime's worth of savings and sacrifice. why are pension funds able to apply the Enron solution to their accounting? when you look at his testimony w/o the sound on, he looks evil, he is fricking evil - he is dumbest most banal asshole in the world. its his monetarist expirement that is destroying the currency. Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted September 8, 2004 Report Share Posted September 8, 2004 Brian - why can't he just say that . in English. why?? because they are not in biz to tell the truth. they are in biz to lie, cheat, steal, and rape from the 99% underneath them Link to comment Share on other sites More sharing options...
Pee Brain Posted September 8, 2004 Report Share Posted September 8, 2004 Greenspan really is Al Leeson; he looks good until the final tally - he just keeps doubling up on his bets to avoid POR. Link to comment Share on other sites More sharing options...
GregFokker Posted September 8, 2004 Report Share Posted September 8, 2004 I'm not a fan of Greenie, but honestly, the man has been advocating the adoption of the Paygo rules and discretionary caps for years now, and it was he who warned of the deficit issue as it relates to the retirement of the boomers iin the coming years. Congress is entirely to blame for the size of the deficit, imo. Link to comment Share on other sites More sharing options...
soup Posted September 8, 2004 Report Share Posted September 8, 2004 Pee Brain: Well said! Excellent! How about someone making that statement to the statist megalomaniac in front of congress? Link to comment Share on other sites More sharing options...
EasyAl Posted September 8, 2004 Report Share Posted September 8, 2004 no, he's covering his ass by pointing the finger at congress. he's the jackass manufacturing negative real rates. if you look at the stimulus thats been forced into this economy and consider the results, AG is a complete failure, as is this administration and legislature - the failure of the misallocations in the system will be far more painful than if we would have had a less "shallow" recession.... AG is the devil, he bemoans the plight of retireees and then yields them less than 1% on their bank accts and forces them into the speculative arena to avoid eating cat food. all the while savers get dryhumped and thrift is penalized - if he is so concerned about retirees, why he destroying the purchasing power of a lifetime's worth of savings and sacrifice. why are pension funds able to apply the Enron solution to their accounting? when you look at his testimony w/o the sound on, he looks evil, he is fricking evil - he is dumbest most banal asshole in the world. its his monetarist expirement that is destroying the currency. Pee: Agree and can not say better than that. Our generation and my son and daughter's generation will pay dearly for AG's reckless behavior. Link to comment Share on other sites More sharing options...
soup Posted September 8, 2004 Report Share Posted September 8, 2004 PB: Again, spot on. He has bet everything on black in the hopes of dying before his heinous crimes are discovered. Link to comment Share on other sites More sharing options...
Bearbones Posted September 8, 2004 Report Share Posted September 8, 2004 Greenspan really is Al Leeson; he looks good until the final tally - he just keeps doubling up on his bets to avoid POR. He fertilized the weeds while the grass turned brown. Link to comment Share on other sites More sharing options...
machinehead Posted September 8, 2004 Report Share Posted September 8, 2004 Brian - why can't he just say that . in English. why?? because they are not in biz to tell the truth. they are in biz to lie, cheat, steal, and rape from the 99% underneath them You got it, BES&D. One of the reasons the Depublicrats LOVE ideological issues -- abortion, flag burning, gay marriage, etc. -- is to stir up excitement, create a big "debate," and pretend to be "clear-cut opponents" on these "vital issues." With the help of such diversionary smokescreens, the bipartisan project of looting the economy and padding the nests of cronies can continue unmolested. Link to comment Share on other sites More sharing options...
brian4 Posted September 8, 2004 Report Share Posted September 8, 2004 Well of course Greenie is not a Saint, in my view he is scared shitless and often the truth comes out when one is. Greg is right in that he has been advocating Paygo for a long time but NOW-he see's the cliffs edge! Link to comment Share on other sites More sharing options...
The End Posted September 8, 2004 Report Share Posted September 8, 2004 I have removed my sell order on the put position at 1112. Larry T sees 1092 soon. I will unload there. Link to comment Share on other sites More sharing options...
Vermin on Wall St. Posted September 8, 2004 Report Share Posted September 8, 2004 Brian - why can't he just say that . in English. why?? because they are not in biz to tell the truth. they are in biz to lie, cheat, steal, and rape from the 99% underneath them You got it, BES&D. One of the reasons the Depublicrats LOVE ideological issues -- abortion, flag burning, gay marriage, etc. -- is to stir up excitement, create a big "debate," and pretend to be "clear-cut opponents" on these "vital issues." With the help of such diversionary smokescreens, the bipartisan project of looting the economy and padding the nests of cronies can continue unmolested. Aaaaaaaahhhhhhhhh a great definition of politicians. MH, as usual, succinct and to the point. You da man!! Link to comment Share on other sites More sharing options...
An Ant Posted September 8, 2004 Report Share Posted September 8, 2004 Once again bears cannot break uptrendline of August lows Link to comment Share on other sites More sharing options...
Hiding Bear Posted September 8, 2004 Author Report Share Posted September 8, 2004 Greenspan really is Al Leeson; he looks good until the final tally - he just keeps doubling up on his bets to avoid POR. Nice review. Unless I heard wrong, he essentially stated that he was not seriously concerned about the notion that foreign investment is supporting the economy. If foreigners, ie foreign central banks, stop buying US governments (not sell what they have just stop buying) the bond market would ratchet up 1% in almost no time. If they sold their $1.5 trillion 'dollar pool', well they would probably have to close the bond market then. The argument that corporate yields alone tell you every thing is ok with the economy is fallacious - were there no $400 to $500 billion coming into the US each year corporations would have a hard time borrowing anything. Link to comment Share on other sites More sharing options...
threadbare Posted September 8, 2004 Report Share Posted September 8, 2004 Lock Down, Now is probably the time to invest in precious metals, imho. If things go really well for the Dems and there's no October surprise, be ready for the January surprise--- the revelation that the the debt and deficit are much larger than previously "estimated". Very bullish for gold and bearish for the dollar. If Bush gets in, the effect on the international community will be a collective, "ohmygod", that should send Pms soaring, as well. The point of recognition hasn't been realized by the shrinking middle class yet. Gas prices are up, but ithey're still bearable. People are still bumblig alone, their lives held together with baling wire and duct tape. They know things aren't great, but still regard the bad times as temporary. Until they actually have to stand on street corners to peddle their consumer kitsch to their struggling neighbours, they're not going to realize that the problems are structural and deep. This is the only reason gold hasn't skyrocketed already. At the moment, even most pessimists fail to recognize this is part of an Elliot grand wave that will take decades to sort out. Most Western govts have been buying time for the last decade or two. I still think, even more than gold, that the best investment, in terms of survival, is really good land not too far from a city with an appetite, with sufficient water for sustainable farming. Doctor, Good luck on your trip back home. Hope everything is as you left it and that Ivan behaves himself! Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.