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October 11, 2008 at 11:15 PM #286479October 11, 2008 at 11:30 PM #286153CA renterParticipant
AN & patientrenter,
You both mention Greenspan’s low rates, and I wholeheartedly concur. IMHO, Greenspan is the #1 guilty party in this whole affair, even to the extent that I believe he spawned the beginnings of this bubble back in the 80s (along with Reagan). He decimated the concept of moral hazard, and his policies encouraged excessive risk-taking and misallocation of resources. His answer to every little recesssion or problem was to inflate our way out of everything with easy money/debt. Far from being “The Maestro” I believe he is an evil criminal who is largely responsible for shifting wealth from the working class to the “financial” class. The Federal Reserve is not a govt-owned entity, but it is closely aligned with the Executive branch of the govt (the president appoints the Chairman of the Federal Reserve).
Anyway…so much corruption, and so little public representation. If there is any one thing that scares the heck out of me, it’s that Congres passed the Wall Street bailout bill so quickly, in spite of the most overwhelming negative public response they’ve ever had in history. Very scary, indeed.
BTW, the Fast Money guys on CNBC were commenting about the “scene” in front of the NYSE last Friday. Said it looked like a “Dead show” (referencing the big tailgate parties/hippies at Grateful Dead shows). Not really sure what they were talking about, as there was no news on Google. I know they’ve had massive rallys on Wall Street recently, but little or no MSM coverage. That should also be very frightening to any thinking American.
October 11, 2008 at 11:30 PM #286447CA renterParticipantAN & patientrenter,
You both mention Greenspan’s low rates, and I wholeheartedly concur. IMHO, Greenspan is the #1 guilty party in this whole affair, even to the extent that I believe he spawned the beginnings of this bubble back in the 80s (along with Reagan). He decimated the concept of moral hazard, and his policies encouraged excessive risk-taking and misallocation of resources. His answer to every little recesssion or problem was to inflate our way out of everything with easy money/debt. Far from being “The Maestro” I believe he is an evil criminal who is largely responsible for shifting wealth from the working class to the “financial” class. The Federal Reserve is not a govt-owned entity, but it is closely aligned with the Executive branch of the govt (the president appoints the Chairman of the Federal Reserve).
Anyway…so much corruption, and so little public representation. If there is any one thing that scares the heck out of me, it’s that Congres passed the Wall Street bailout bill so quickly, in spite of the most overwhelming negative public response they’ve ever had in history. Very scary, indeed.
BTW, the Fast Money guys on CNBC were commenting about the “scene” in front of the NYSE last Friday. Said it looked like a “Dead show” (referencing the big tailgate parties/hippies at Grateful Dead shows). Not really sure what they were talking about, as there was no news on Google. I know they’ve had massive rallys on Wall Street recently, but little or no MSM coverage. That should also be very frightening to any thinking American.
October 11, 2008 at 11:30 PM #286464CA renterParticipantAN & patientrenter,
You both mention Greenspan’s low rates, and I wholeheartedly concur. IMHO, Greenspan is the #1 guilty party in this whole affair, even to the extent that I believe he spawned the beginnings of this bubble back in the 80s (along with Reagan). He decimated the concept of moral hazard, and his policies encouraged excessive risk-taking and misallocation of resources. His answer to every little recesssion or problem was to inflate our way out of everything with easy money/debt. Far from being “The Maestro” I believe he is an evil criminal who is largely responsible for shifting wealth from the working class to the “financial” class. The Federal Reserve is not a govt-owned entity, but it is closely aligned with the Executive branch of the govt (the president appoints the Chairman of the Federal Reserve).
Anyway…so much corruption, and so little public representation. If there is any one thing that scares the heck out of me, it’s that Congres passed the Wall Street bailout bill so quickly, in spite of the most overwhelming negative public response they’ve ever had in history. Very scary, indeed.
BTW, the Fast Money guys on CNBC were commenting about the “scene” in front of the NYSE last Friday. Said it looked like a “Dead show” (referencing the big tailgate parties/hippies at Grateful Dead shows). Not really sure what they were talking about, as there was no news on Google. I know they’ve had massive rallys on Wall Street recently, but little or no MSM coverage. That should also be very frightening to any thinking American.
October 11, 2008 at 11:30 PM #286491CA renterParticipantAN & patientrenter,
You both mention Greenspan’s low rates, and I wholeheartedly concur. IMHO, Greenspan is the #1 guilty party in this whole affair, even to the extent that I believe he spawned the beginnings of this bubble back in the 80s (along with Reagan). He decimated the concept of moral hazard, and his policies encouraged excessive risk-taking and misallocation of resources. His answer to every little recesssion or problem was to inflate our way out of everything with easy money/debt. Far from being “The Maestro” I believe he is an evil criminal who is largely responsible for shifting wealth from the working class to the “financial” class. The Federal Reserve is not a govt-owned entity, but it is closely aligned with the Executive branch of the govt (the president appoints the Chairman of the Federal Reserve).
Anyway…so much corruption, and so little public representation. If there is any one thing that scares the heck out of me, it’s that Congres passed the Wall Street bailout bill so quickly, in spite of the most overwhelming negative public response they’ve ever had in history. Very scary, indeed.
BTW, the Fast Money guys on CNBC were commenting about the “scene” in front of the NYSE last Friday. Said it looked like a “Dead show” (referencing the big tailgate parties/hippies at Grateful Dead shows). Not really sure what they were talking about, as there was no news on Google. I know they’ve had massive rallys on Wall Street recently, but little or no MSM coverage. That should also be very frightening to any thinking American.
October 11, 2008 at 11:30 PM #286495CA renterParticipantAN & patientrenter,
You both mention Greenspan’s low rates, and I wholeheartedly concur. IMHO, Greenspan is the #1 guilty party in this whole affair, even to the extent that I believe he spawned the beginnings of this bubble back in the 80s (along with Reagan). He decimated the concept of moral hazard, and his policies encouraged excessive risk-taking and misallocation of resources. His answer to every little recesssion or problem was to inflate our way out of everything with easy money/debt. Far from being “The Maestro” I believe he is an evil criminal who is largely responsible for shifting wealth from the working class to the “financial” class. The Federal Reserve is not a govt-owned entity, but it is closely aligned with the Executive branch of the govt (the president appoints the Chairman of the Federal Reserve).
Anyway…so much corruption, and so little public representation. If there is any one thing that scares the heck out of me, it’s that Congres passed the Wall Street bailout bill so quickly, in spite of the most overwhelming negative public response they’ve ever had in history. Very scary, indeed.
BTW, the Fast Money guys on CNBC were commenting about the “scene” in front of the NYSE last Friday. Said it looked like a “Dead show” (referencing the big tailgate parties/hippies at Grateful Dead shows). Not really sure what they were talking about, as there was no news on Google. I know they’ve had massive rallys on Wall Street recently, but little or no MSM coverage. That should also be very frightening to any thinking American.
October 11, 2008 at 11:36 PM #286158CA renterParticipant…massive rallys on Wall Street recently, but little or no MSM coverage. That should also be very frightening to any thinking American.
——————–
Clarification: massive protests (the stock market certainly isn’t rallying on Wall Street!). πOctober 11, 2008 at 11:36 PM #286452CA renterParticipant…massive rallys on Wall Street recently, but little or no MSM coverage. That should also be very frightening to any thinking American.
——————–
Clarification: massive protests (the stock market certainly isn’t rallying on Wall Street!). πOctober 11, 2008 at 11:36 PM #286470CA renterParticipant…massive rallys on Wall Street recently, but little or no MSM coverage. That should also be very frightening to any thinking American.
——————–
Clarification: massive protests (the stock market certainly isn’t rallying on Wall Street!). πOctober 11, 2008 at 11:36 PM #286496CA renterParticipant…massive rallys on Wall Street recently, but little or no MSM coverage. That should also be very frightening to any thinking American.
——————–
Clarification: massive protests (the stock market certainly isn’t rallying on Wall Street!). πOctober 11, 2008 at 11:36 PM #286499CA renterParticipant…massive rallys on Wall Street recently, but little or no MSM coverage. That should also be very frightening to any thinking American.
——————–
Clarification: massive protests (the stock market certainly isn’t rallying on Wall Street!). πOctober 11, 2008 at 11:37 PM #286163anParticipant[quote=TheBreeze]
Don’t look now, but Google’s stock has been crashing. πIt doesn’t matter though. Good middle managers don’t want Top Guns who could work for Google. We want socially-awkward grunts who are good at their jobs but not so good at politics. Good middle managers know how to play on the insecurities and inexperience of their grunts to get them to work harder.
And good luck getting another job in this environment. Do you really think you are that valuable? In this market, there are 10 college grads with high GPAs and no experience in playing the political game who are chomping at the bit to take your place. They’ll come in knowing the latest technology and they’ll work cheaper.
Just continue to do as your told and make sure you make your manager look good. Otherwise … you might be forced to take your (possibly self-overrated) talents to another company. π
[/quote]
Sorry to burst your bubble but I’d leave long before any middle manager would even think of doing such a thing. Luckily, I’m working for a company that’s flat, transparent, and have no middle manager.FYI, this might be informational to you. Playing/recognizing politics shenanigans is hardly rocket science.
October 11, 2008 at 11:37 PM #286457anParticipant[quote=TheBreeze]
Don’t look now, but Google’s stock has been crashing. πIt doesn’t matter though. Good middle managers don’t want Top Guns who could work for Google. We want socially-awkward grunts who are good at their jobs but not so good at politics. Good middle managers know how to play on the insecurities and inexperience of their grunts to get them to work harder.
And good luck getting another job in this environment. Do you really think you are that valuable? In this market, there are 10 college grads with high GPAs and no experience in playing the political game who are chomping at the bit to take your place. They’ll come in knowing the latest technology and they’ll work cheaper.
Just continue to do as your told and make sure you make your manager look good. Otherwise … you might be forced to take your (possibly self-overrated) talents to another company. π
[/quote]
Sorry to burst your bubble but I’d leave long before any middle manager would even think of doing such a thing. Luckily, I’m working for a company that’s flat, transparent, and have no middle manager.FYI, this might be informational to you. Playing/recognizing politics shenanigans is hardly rocket science.
October 11, 2008 at 11:37 PM #286475anParticipant[quote=TheBreeze]
Don’t look now, but Google’s stock has been crashing. πIt doesn’t matter though. Good middle managers don’t want Top Guns who could work for Google. We want socially-awkward grunts who are good at their jobs but not so good at politics. Good middle managers know how to play on the insecurities and inexperience of their grunts to get them to work harder.
And good luck getting another job in this environment. Do you really think you are that valuable? In this market, there are 10 college grads with high GPAs and no experience in playing the political game who are chomping at the bit to take your place. They’ll come in knowing the latest technology and they’ll work cheaper.
Just continue to do as your told and make sure you make your manager look good. Otherwise … you might be forced to take your (possibly self-overrated) talents to another company. π
[/quote]
Sorry to burst your bubble but I’d leave long before any middle manager would even think of doing such a thing. Luckily, I’m working for a company that’s flat, transparent, and have no middle manager.FYI, this might be informational to you. Playing/recognizing politics shenanigans is hardly rocket science.
October 11, 2008 at 11:37 PM #286501anParticipant[quote=TheBreeze]
Don’t look now, but Google’s stock has been crashing. πIt doesn’t matter though. Good middle managers don’t want Top Guns who could work for Google. We want socially-awkward grunts who are good at their jobs but not so good at politics. Good middle managers know how to play on the insecurities and inexperience of their grunts to get them to work harder.
And good luck getting another job in this environment. Do you really think you are that valuable? In this market, there are 10 college grads with high GPAs and no experience in playing the political game who are chomping at the bit to take your place. They’ll come in knowing the latest technology and they’ll work cheaper.
Just continue to do as your told and make sure you make your manager look good. Otherwise … you might be forced to take your (possibly self-overrated) talents to another company. π
[/quote]
Sorry to burst your bubble but I’d leave long before any middle manager would even think of doing such a thing. Luckily, I’m working for a company that’s flat, transparent, and have no middle manager.FYI, this might be informational to you. Playing/recognizing politics shenanigans is hardly rocket science.
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