- This topic has 260 replies, 21 voices, and was last updated 12 years, 9 months ago by
CA renter.
-
AuthorPosts
-
August 5, 2011 at 7:05 PM #716595August 5, 2011 at 7:29 PM #715397
KIBU
ParticipantHow big will this affect the stock on Monday???
August 5, 2011 at 7:29 PM #715487ParticipantHow big will this affect the stock on Monday???
August 5, 2011 at 7:29 PM #716089ParticipantHow big will this affect the stock on Monday???
August 5, 2011 at 7:29 PM #716242ParticipantHow big will this affect the stock on Monday???
August 5, 2011 at 7:29 PM #716601ParticipantHow big will this affect the stock on Monday???
August 5, 2011 at 7:48 PM #715402ParticipantI guess all the charades occurred in congress had the unintended consequence of waking up the rating agency. Wonder if congress didn’t make a big show of the debt ceiling, would S&P woke up and give the US a down grade at a sensitive time like this.
As I mentioned in the past, there are people who think national economy is just like their micro economic fixes. If they over spent, over debt…then the immediate solution is to reverse back and under spent, pay the debt….do the reverse of their mistake. I call this idea the reverse reflex piece of a nerve (definitely not a brain). They are going to solve the pending depression by austerity when it’s the opposite that we are probably continue to need.
Congress is a bunch of politic magicians trying to fake an economic fix.
August 5, 2011 at 7:48 PM #715492ParticipantI guess all the charades occurred in congress had the unintended consequence of waking up the rating agency. Wonder if congress didn’t make a big show of the debt ceiling, would S&P woke up and give the US a down grade at a sensitive time like this.
As I mentioned in the past, there are people who think national economy is just like their micro economic fixes. If they over spent, over debt…then the immediate solution is to reverse back and under spent, pay the debt….do the reverse of their mistake. I call this idea the reverse reflex piece of a nerve (definitely not a brain). They are going to solve the pending depression by austerity when it’s the opposite that we are probably continue to need.
Congress is a bunch of politic magicians trying to fake an economic fix.
August 5, 2011 at 7:48 PM #716095ParticipantI guess all the charades occurred in congress had the unintended consequence of waking up the rating agency. Wonder if congress didn’t make a big show of the debt ceiling, would S&P woke up and give the US a down grade at a sensitive time like this.
As I mentioned in the past, there are people who think national economy is just like their micro economic fixes. If they over spent, over debt…then the immediate solution is to reverse back and under spent, pay the debt….do the reverse of their mistake. I call this idea the reverse reflex piece of a nerve (definitely not a brain). They are going to solve the pending depression by austerity when it’s the opposite that we are probably continue to need.
Congress is a bunch of politic magicians trying to fake an economic fix.
August 5, 2011 at 7:48 PM #716247ParticipantI guess all the charades occurred in congress had the unintended consequence of waking up the rating agency. Wonder if congress didn’t make a big show of the debt ceiling, would S&P woke up and give the US a down grade at a sensitive time like this.
As I mentioned in the past, there are people who think national economy is just like their micro economic fixes. If they over spent, over debt…then the immediate solution is to reverse back and under spent, pay the debt….do the reverse of their mistake. I call this idea the reverse reflex piece of a nerve (definitely not a brain). They are going to solve the pending depression by austerity when it’s the opposite that we are probably continue to need.
Congress is a bunch of politic magicians trying to fake an economic fix.
August 5, 2011 at 7:48 PM #716606ParticipantI guess all the charades occurred in congress had the unintended consequence of waking up the rating agency. Wonder if congress didn’t make a big show of the debt ceiling, would S&P woke up and give the US a down grade at a sensitive time like this.
As I mentioned in the past, there are people who think national economy is just like their micro economic fixes. If they over spent, over debt…then the immediate solution is to reverse back and under spent, pay the debt….do the reverse of their mistake. I call this idea the reverse reflex piece of a nerve (definitely not a brain). They are going to solve the pending depression by austerity when it’s the opposite that we are probably continue to need.
Congress is a bunch of politic magicians trying to fake an economic fix.
August 5, 2011 at 9:01 PM #715412CAwireman
ParticipantYeah, is this going to be a long slide, or will the rating hold steady where its at. Funny timing – releasing the downgrade after the work week / trading bell rings and ends for the day/weekend.
I have to believe word got out Thursday, and it drove stocks down.
I agree SDR with your comment on EP’s point. Also, one of the issues which landed us here is that the ratings agencies werent’ doing their jobs. Now that they know they must call a spade a spade, they are. (By the way, loving the house finally, and the little guy is awesome!).
The gyrations congress went thought and basically postedponed going through is a dance to appease us, the fooled. (okay, maybe not this audience per se, but the American public. )The real entertainment will begin when the appointed panel has to really begin slashing. We definitely have a lot of areas we can begin reducing – Military spending being one of them. But the real issue is that congress doesn’t work for us, they work for big business and big money – all of them. Only the fledgling Tea baggers might be relatively well meaning in all this. But, the Rep/Dem’s all get campaign funds from organizations with deep pockets and whom want something for their donations. What’s good for the general public only becomes important when its demise threatens to take everyone down. But, by waiting until now, the cure is comparable to the poison.
Timely quote from Geithner in light of the downgrade, if it wasn’t so tragic it would be funny. Okay, its funny. But, still tragic.
August 5, 2011 at 9:01 PM #715502ParticipantYeah, is this going to be a long slide, or will the rating hold steady where its at. Funny timing – releasing the downgrade after the work week / trading bell rings and ends for the day/weekend.
I have to believe word got out Thursday, and it drove stocks down.
I agree SDR with your comment on EP’s point. Also, one of the issues which landed us here is that the ratings agencies werent’ doing their jobs. Now that they know they must call a spade a spade, they are. (By the way, loving the house finally, and the little guy is awesome!).
The gyrations congress went thought and basically postedponed going through is a dance to appease us, the fooled. (okay, maybe not this audience per se, but the American public. )The real entertainment will begin when the appointed panel has to really begin slashing. We definitely have a lot of areas we can begin reducing – Military spending being one of them. But the real issue is that congress doesn’t work for us, they work for big business and big money – all of them. Only the fledgling Tea baggers might be relatively well meaning in all this. But, the Rep/Dem’s all get campaign funds from organizations with deep pockets and whom want something for their donations. What’s good for the general public only becomes important when its demise threatens to take everyone down. But, by waiting until now, the cure is comparable to the poison.
Timely quote from Geithner in light of the downgrade, if it wasn’t so tragic it would be funny. Okay, its funny. But, still tragic.
August 5, 2011 at 9:01 PM #716104ParticipantYeah, is this going to be a long slide, or will the rating hold steady where its at. Funny timing – releasing the downgrade after the work week / trading bell rings and ends for the day/weekend.
I have to believe word got out Thursday, and it drove stocks down.
I agree SDR with your comment on EP’s point. Also, one of the issues which landed us here is that the ratings agencies werent’ doing their jobs. Now that they know they must call a spade a spade, they are. (By the way, loving the house finally, and the little guy is awesome!).
The gyrations congress went thought and basically postedponed going through is a dance to appease us, the fooled. (okay, maybe not this audience per se, but the American public. )The real entertainment will begin when the appointed panel has to really begin slashing. We definitely have a lot of areas we can begin reducing – Military spending being one of them. But the real issue is that congress doesn’t work for us, they work for big business and big money – all of them. Only the fledgling Tea baggers might be relatively well meaning in all this. But, the Rep/Dem’s all get campaign funds from organizations with deep pockets and whom want something for their donations. What’s good for the general public only becomes important when its demise threatens to take everyone down. But, by waiting until now, the cure is comparable to the poison.
Timely quote from Geithner in light of the downgrade, if it wasn’t so tragic it would be funny. Okay, its funny. But, still tragic.
August 5, 2011 at 9:01 PM #716257ParticipantYeah, is this going to be a long slide, or will the rating hold steady where its at. Funny timing – releasing the downgrade after the work week / trading bell rings and ends for the day/weekend.
I have to believe word got out Thursday, and it drove stocks down.
I agree SDR with your comment on EP’s point. Also, one of the issues which landed us here is that the ratings agencies werent’ doing their jobs. Now that they know they must call a spade a spade, they are. (By the way, loving the house finally, and the little guy is awesome!).
The gyrations congress went thought and basically postedponed going through is a dance to appease us, the fooled. (okay, maybe not this audience per se, but the American public. )The real entertainment will begin when the appointed panel has to really begin slashing. We definitely have a lot of areas we can begin reducing – Military spending being one of them. But the real issue is that congress doesn’t work for us, they work for big business and big money – all of them. Only the fledgling Tea baggers might be relatively well meaning in all this. But, the Rep/Dem’s all get campaign funds from organizations with deep pockets and whom want something for their donations. What’s good for the general public only becomes important when its demise threatens to take everyone down. But, by waiting until now, the cure is comparable to the poison.
Timely quote from Geithner in light of the downgrade, if it wasn’t so tragic it would be funny. Okay, its funny. But, still tragic.
-
AuthorPosts
- You must be logged in to reply to this topic.