Bernanke just makes me sick…. – Piggington's Econo-Almanac

This topic has 25 replies, 6 voices, and was last updated 15 years, 2 months ago by scaredyclassic.

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- January 10, 2008 at 4:46 PM #11459
  
  GoUSC
  Participant
  
  Here he comes to the rescue!
  
  http://www.ft.com/cms/s/0/7e8cc27a-bfa6-11dc-8052-0000779fd2ac.html
  
  What really pisses me off is that no one has the guts to say the reason we are where we are at is that American’s spend more than they make. Pure & Simple.
- January 10, 2008 at 5:01 PM #133683
  
  NeetaT
  Participant
  
  The Fed is the one causing inflation and no one else.
  - January 10, 2008 at 5:16 PM #133702
    
    NotCranky
    Participant
    
    If it were not for that the system is designed for maximum “buck passing” the Fed would be most responsible for the gigantic housing bubble. As it is, it’s nobodies fault. It never is and neither will inflation or unemployemnt, a depression or anything else. We will hear stuff like the “consumer” overreacted… blah blah blah.
  - January 10, 2008 at 5:16 PM #133894
    
    NotCranky
    Participant
    
    If it were not for that the system is designed for maximum “buck passing” the Fed would be most responsible for the gigantic housing bubble. As it is, it’s nobodies fault. It never is and neither will inflation or unemployemnt, a depression or anything else. We will hear stuff like the “consumer” overreacted… blah blah blah.
  - January 10, 2008 at 5:16 PM #133905
    
    NotCranky
    Participant
    
    If it were not for that the system is designed for maximum “buck passing” the Fed would be most responsible for the gigantic housing bubble. As it is, it’s nobodies fault. It never is and neither will inflation or unemployemnt, a depression or anything else. We will hear stuff like the “consumer” overreacted… blah blah blah.
  - January 10, 2008 at 5:16 PM #133959
    
    NotCranky
    Participant
    
    If it were not for that the system is designed for maximum “buck passing” the Fed would be most responsible for the gigantic housing bubble. As it is, it’s nobodies fault. It never is and neither will inflation or unemployemnt, a depression or anything else. We will hear stuff like the “consumer” overreacted… blah blah blah.
  - January 10, 2008 at 5:16 PM #133996
    
    NotCranky
    Participant
    
    If it were not for that the system is designed for maximum “buck passing” the Fed would be most responsible for the gigantic housing bubble. As it is, it’s nobodies fault. It never is and neither will inflation or unemployemnt, a depression or anything else. We will hear stuff like the “consumer” overreacted… blah blah blah.
- January 10, 2008 at 5:01 PM #133874
  
  NeetaT
  Participant
  
  The Fed is the one causing inflation and no one else.
- January 10, 2008 at 5:01 PM #133885
  
  NeetaT
  Participant
  
  The Fed is the one causing inflation and no one else.
- January 10, 2008 at 5:01 PM #133939
  
  NeetaT
  Participant
  
  The Fed is the one causing inflation and no one else.
- January 10, 2008 at 5:01 PM #133976
  
  NeetaT
  Participant
  
  The Fed is the one causing inflation and no one else.
- January 10, 2008 at 5:09 PM #133693
  
  GunDoctor
  Participant
  
  I dont think that he can rescue anything. I think he could move rates to zero and still not get any positive reaction.
  
  The tipping point was reached about 6 months ago when the average american woke up to the fact that housing prices don’t always just go up. The spell is broken. People see that you can very easily lose 300k with the wrong financial decision. Whereas before they thought that they could not lose. You cannot get that type of market sentiment back, ONCE ITS GONE, ITS GONE….
  yes humpty dumpty has fallin off the wall and the kings men might as well make some scrambled eggs
- January 10, 2008 at 5:09 PM #133884
  
  GunDoctor
  Participant
  
  I dont think that he can rescue anything. I think he could move rates to zero and still not get any positive reaction.
  
  The tipping point was reached about 6 months ago when the average american woke up to the fact that housing prices don’t always just go up. The spell is broken. People see that you can very easily lose 300k with the wrong financial decision. Whereas before they thought that they could not lose. You cannot get that type of market sentiment back, ONCE ITS GONE, ITS GONE….
  yes humpty dumpty has fallin off the wall and the kings men might as well make some scrambled eggs
- January 10, 2008 at 5:09 PM #133895
  
  GunDoctor
  Participant
  
  I dont think that he can rescue anything. I think he could move rates to zero and still not get any positive reaction.
  
  The tipping point was reached about 6 months ago when the average american woke up to the fact that housing prices don’t always just go up. The spell is broken. People see that you can very easily lose 300k with the wrong financial decision. Whereas before they thought that they could not lose. You cannot get that type of market sentiment back, ONCE ITS GONE, ITS GONE….
  yes humpty dumpty has fallin off the wall and the kings men might as well make some scrambled eggs
- January 10, 2008 at 5:09 PM #133949
  
  GunDoctor
  Participant
  
  I dont think that he can rescue anything. I think he could move rates to zero and still not get any positive reaction.
  
  The tipping point was reached about 6 months ago when the average american woke up to the fact that housing prices don’t always just go up. The spell is broken. People see that you can very easily lose 300k with the wrong financial decision. Whereas before they thought that they could not lose. You cannot get that type of market sentiment back, ONCE ITS GONE, ITS GONE….
  yes humpty dumpty has fallin off the wall and the kings men might as well make some scrambled eggs
- January 10, 2008 at 5:09 PM #133986
  
  GunDoctor
  Participant
  
  I dont think that he can rescue anything. I think he could move rates to zero and still not get any positive reaction.
  
  The tipping point was reached about 6 months ago when the average american woke up to the fact that housing prices don’t always just go up. The spell is broken. People see that you can very easily lose 300k with the wrong financial decision. Whereas before they thought that they could not lose. You cannot get that type of market sentiment back, ONCE ITS GONE, ITS GONE….
  yes humpty dumpty has fallin off the wall and the kings men might as well make some scrambled eggs
- January 10, 2008 at 5:46 PM #133737
  
  gold_dredger_phd
  Participant
  
  Poor Ben. He’ll find out that pushing on a string just doesn’t do anything.
  
  Americans don’t save and neither does the government.
  
  If the financial collapse can be delayed long enough, most people living now think that it won’t happen to them.
  
  Save your money in gold, silver, Swiss Francs and Euros. At least the Germans understand hyperinflation. Americans will become familiar with the phenomenon in the next decade just like they are now familiar with falling housing prices.
  
  Have low expectations, save your money, buy real estate when there is blood in the streets and only for cash, and live with your kids if you have to.
  - January 10, 2008 at 6:01 PM #133772
    
    scaredyclassic
    Participant
    
    buy gold. this is th eonly intelligent thing ive done alld ecade. it’s amazing when you actually get an investment right…
    
    Drink Heavily.
  - January 10, 2008 at 6:01 PM #133964
    
    scaredyclassic
    Participant
    
    buy gold. this is th eonly intelligent thing ive done alld ecade. it’s amazing when you actually get an investment right…
    
    Drink Heavily.
  - January 10, 2008 at 6:01 PM #133975
    
    scaredyclassic
    Participant
    
    buy gold. this is th eonly intelligent thing ive done alld ecade. it’s amazing when you actually get an investment right…
    
    Drink Heavily.
  - January 10, 2008 at 6:01 PM #134029
    
    scaredyclassic
    Participant
    
    buy gold. this is th eonly intelligent thing ive done alld ecade. it’s amazing when you actually get an investment right…
    
    Drink Heavily.
  - January 10, 2008 at 6:01 PM #134066
    
    scaredyclassic
    Participant
    
    buy gold. this is th eonly intelligent thing ive done alld ecade. it’s amazing when you actually get an investment right…
    
    Drink Heavily.
- January 10, 2008 at 5:46 PM #133929
  
  gold_dredger_phd
  Participant
  
  Poor Ben. He’ll find out that pushing on a string just doesn’t do anything.
  
  Americans don’t save and neither does the government.
  
  If the financial collapse can be delayed long enough, most people living now think that it won’t happen to them.
  
  Save your money in gold, silver, Swiss Francs and Euros. At least the Germans understand hyperinflation. Americans will become familiar with the phenomenon in the next decade just like they are now familiar with falling housing prices.
  
  Have low expectations, save your money, buy real estate when there is blood in the streets and only for cash, and live with your kids if you have to.
- January 10, 2008 at 5:46 PM #133940
  
  gold_dredger_phd
  Participant
  
  Poor Ben. He’ll find out that pushing on a string just doesn’t do anything.
  
  Americans don’t save and neither does the government.
  
  If the financial collapse can be delayed long enough, most people living now think that it won’t happen to them.
  
  Save your money in gold, silver, Swiss Francs and Euros. At least the Germans understand hyperinflation. Americans will become familiar with the phenomenon in the next decade just like they are now familiar with falling housing prices.
  
  Have low expectations, save your money, buy real estate when there is blood in the streets and only for cash, and live with your kids if you have to.
- January 10, 2008 at 5:46 PM #133993
  
  gold_dredger_phd
  Participant
  
  Poor Ben. He’ll find out that pushing on a string just doesn’t do anything.
  
  Americans don’t save and neither does the government.
  
  If the financial collapse can be delayed long enough, most people living now think that it won’t happen to them.
  
  Save your money in gold, silver, Swiss Francs and Euros. At least the Germans understand hyperinflation. Americans will become familiar with the phenomenon in the next decade just like they are now familiar with falling housing prices.
  
  Have low expectations, save your money, buy real estate when there is blood in the streets and only for cash, and live with your kids if you have to.
- January 10, 2008 at 5:46 PM #134031
  
  gold_dredger_phd
  Participant
  
  Poor Ben. He’ll find out that pushing on a string just doesn’t do anything.
  
  Americans don’t save and neither does the government.
  
  If the financial collapse can be delayed long enough, most people living now think that it won’t happen to them.
  
  Save your money in gold, silver, Swiss Francs and Euros. At least the Germans understand hyperinflation. Americans will become familiar with the phenomenon in the next decade just like they are now familiar with falling housing prices.
  
  Have low expectations, save your money, buy real estate when there is blood in the streets and only for cash, and live with your kids if you have to.
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