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  • July 18, 2008 at 10:28 AM #13339
    LA_Renter
    Participant

    These guys always seem to nail it. This is from The Onion,

    “Recession-Plagued Nation Demands New Bubble To Invest In

    July 14, 2008 | Issue 44•29

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    WASHINGTON—A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to invest.

    “What America needs right now is not more talk and long-term strategy, but a concrete way to create more imaginary wealth in the very immediate future,” said Thomas Jenkins, CFO of the Boston-area Jenkins Financial Group, a bubble-based investment firm. “We are in a crisis, and that crisis demands an unviable short-term solution.”

    The current economic woes, brought on by the collapse of the so-called “housing bubble,” are considered the worst to hit investors since the equally untenable dot-com bubble burst in 2001. According to investment experts, now that the option of making millions of dollars in a short time with imaginary profits from bad real-estate deals has disappeared, the need for another spontaneous make-believe source of wealth has never been more urgent.”

    http://www.theonion.com/content/news/recession_plagued_nation_demands

    July 18, 2008 at 10:52 AM #241785
    Bugs
    Participant

    I think they’re trying to turn global warming into the next bubble, but it’s a long shot.

    I’m thinking that infrastructure and public works is the front runner right now. Wall Street just has to figure out a way to package it so that they can create a margin to profit from when they sell it to the investors.

    If they can figure how to pull that one off then look out; they’ll go on to do it with education, health care, Social Security and welfare program they can think of.

    July 18, 2008 at 10:52 AM #241923
    Bugs
    Participant

    I think they’re trying to turn global warming into the next bubble, but it’s a long shot.

    I’m thinking that infrastructure and public works is the front runner right now. Wall Street just has to figure out a way to package it so that they can create a margin to profit from when they sell it to the investors.

    If they can figure how to pull that one off then look out; they’ll go on to do it with education, health care, Social Security and welfare program they can think of.

    July 18, 2008 at 10:52 AM #241932
    Bugs
    Participant

    I think they’re trying to turn global warming into the next bubble, but it’s a long shot.

    I’m thinking that infrastructure and public works is the front runner right now. Wall Street just has to figure out a way to package it so that they can create a margin to profit from when they sell it to the investors.

    If they can figure how to pull that one off then look out; they’ll go on to do it with education, health care, Social Security and welfare program they can think of.

    July 18, 2008 at 10:52 AM #241985
    Bugs
    Participant

    I think they’re trying to turn global warming into the next bubble, but it’s a long shot.

    I’m thinking that infrastructure and public works is the front runner right now. Wall Street just has to figure out a way to package it so that they can create a margin to profit from when they sell it to the investors.

    If they can figure how to pull that one off then look out; they’ll go on to do it with education, health care, Social Security and welfare program they can think of.

    July 18, 2008 at 10:52 AM #241988
    Bugs
    Participant

    I think they’re trying to turn global warming into the next bubble, but it’s a long shot.

    I’m thinking that infrastructure and public works is the front runner right now. Wall Street just has to figure out a way to package it so that they can create a margin to profit from when they sell it to the investors.

    If they can figure how to pull that one off then look out; they’ll go on to do it with education, health care, Social Security and welfare program they can think of.

    July 18, 2008 at 12:16 PM #241892
    stockstradr
    Participant

    Well, there is always that old fiscal stimulus the Republicans love: start another war. (scary thought)

    But we also have our democratic run congress to thank for giving Bush another, what, was it another 160 billion for the war. Just lovely. We’ll just charge that also on America’s Credit Card (which I think is max’d out)

    July 18, 2008 at 12:16 PM #242028
    stockstradr
    Participant

    Well, there is always that old fiscal stimulus the Republicans love: start another war. (scary thought)

    But we also have our democratic run congress to thank for giving Bush another, what, was it another 160 billion for the war. Just lovely. We’ll just charge that also on America’s Credit Card (which I think is max’d out)

    July 18, 2008 at 12:16 PM #242037
    stockstradr
    Participant

    Well, there is always that old fiscal stimulus the Republicans love: start another war. (scary thought)

    But we also have our democratic run congress to thank for giving Bush another, what, was it another 160 billion for the war. Just lovely. We’ll just charge that also on America’s Credit Card (which I think is max’d out)

    July 18, 2008 at 12:16 PM #242090
    stockstradr
    Participant

    Well, there is always that old fiscal stimulus the Republicans love: start another war. (scary thought)

    But we also have our democratic run congress to thank for giving Bush another, what, was it another 160 billion for the war. Just lovely. We’ll just charge that also on America’s Credit Card (which I think is max’d out)

    July 18, 2008 at 12:16 PM #242093
    stockstradr
    Participant

    Well, there is always that old fiscal stimulus the Republicans love: start another war. (scary thought)

    But we also have our democratic run congress to thank for giving Bush another, what, was it another 160 billion for the war. Just lovely. We’ll just charge that also on America’s Credit Card (which I think is max’d out)

    July 18, 2008 at 3:13 PM #242424
    cr
    Participant

    H2O

    No, not the vehicle symbolizing the rise and fall of housing.

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