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ParticipantHere is Gerald Celente, who terrorizes Smurf Village! LOL LOL!!!
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ParticipantDidn’t powayseller have a post here a couple of years back calling for dow 6000? Everyone tore her a new one as I recall. Looks like she may have been right — unfortunately her timing was a bit off. Still if I had sold everything then I’d be in better shape today.
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ParticipantDidn’t powayseller have a post here a couple of years back calling for dow 6000? Everyone tore her a new one as I recall. Looks like she may have been right — unfortunately her timing was a bit off. Still if I had sold everything then I’d be in better shape today.
blahblahblah
ParticipantDidn’t powayseller have a post here a couple of years back calling for dow 6000? Everyone tore her a new one as I recall. Looks like she may have been right — unfortunately her timing was a bit off. Still if I had sold everything then I’d be in better shape today.
blahblahblah
ParticipantDidn’t powayseller have a post here a couple of years back calling for dow 6000? Everyone tore her a new one as I recall. Looks like she may have been right — unfortunately her timing was a bit off. Still if I had sold everything then I’d be in better shape today.
blahblahblah
ParticipantDidn’t powayseller have a post here a couple of years back calling for dow 6000? Everyone tore her a new one as I recall. Looks like she may have been right — unfortunately her timing was a bit off. Still if I had sold everything then I’d be in better shape today.
March 4, 2009 at 6:44 PM in reply to: Great Article in Vanity Fair by Michael Lewis on Iceland’s amazing bubble #360303blahblahblah
ParticipantClearly government regulation has been a big problem. Why do we have a mortgage interest deduction? Completely unnecessary and it just serves to push up prices. Also, all of these bailouts are just delaying the inevitable. These are the sort of things that make Friedman economics seem so appealing. With intervention having so many bad effects, wouldn’t getting rid of it solve lots of problems? In a perfect world, maybe. Unfortunately for us chickens, the foxes make sure that only the regulations they’re interested in get removed. They didn’t care about the mortgage interest deduction, but they did care about being able to package up bad loans and pass them off as good. End result? Even higher house prices and now a big crash. And the foxes have made off with all of the eggs.
I guess the only thing I’ve learned is that whenever some guy in a suit is on TV telling me that he’s going to solve my problems, I know I’m about to get screwed.
We’re all doomed!
March 4, 2009 at 6:44 PM in reply to: Great Article in Vanity Fair by Michael Lewis on Iceland’s amazing bubble #360607blahblahblah
ParticipantClearly government regulation has been a big problem. Why do we have a mortgage interest deduction? Completely unnecessary and it just serves to push up prices. Also, all of these bailouts are just delaying the inevitable. These are the sort of things that make Friedman economics seem so appealing. With intervention having so many bad effects, wouldn’t getting rid of it solve lots of problems? In a perfect world, maybe. Unfortunately for us chickens, the foxes make sure that only the regulations they’re interested in get removed. They didn’t care about the mortgage interest deduction, but they did care about being able to package up bad loans and pass them off as good. End result? Even higher house prices and now a big crash. And the foxes have made off with all of the eggs.
I guess the only thing I’ve learned is that whenever some guy in a suit is on TV telling me that he’s going to solve my problems, I know I’m about to get screwed.
We’re all doomed!
March 4, 2009 at 6:44 PM in reply to: Great Article in Vanity Fair by Michael Lewis on Iceland’s amazing bubble #360750blahblahblah
ParticipantClearly government regulation has been a big problem. Why do we have a mortgage interest deduction? Completely unnecessary and it just serves to push up prices. Also, all of these bailouts are just delaying the inevitable. These are the sort of things that make Friedman economics seem so appealing. With intervention having so many bad effects, wouldn’t getting rid of it solve lots of problems? In a perfect world, maybe. Unfortunately for us chickens, the foxes make sure that only the regulations they’re interested in get removed. They didn’t care about the mortgage interest deduction, but they did care about being able to package up bad loans and pass them off as good. End result? Even higher house prices and now a big crash. And the foxes have made off with all of the eggs.
I guess the only thing I’ve learned is that whenever some guy in a suit is on TV telling me that he’s going to solve my problems, I know I’m about to get screwed.
We’re all doomed!
March 4, 2009 at 6:44 PM in reply to: Great Article in Vanity Fair by Michael Lewis on Iceland’s amazing bubble #360788blahblahblah
ParticipantClearly government regulation has been a big problem. Why do we have a mortgage interest deduction? Completely unnecessary and it just serves to push up prices. Also, all of these bailouts are just delaying the inevitable. These are the sort of things that make Friedman economics seem so appealing. With intervention having so many bad effects, wouldn’t getting rid of it solve lots of problems? In a perfect world, maybe. Unfortunately for us chickens, the foxes make sure that only the regulations they’re interested in get removed. They didn’t care about the mortgage interest deduction, but they did care about being able to package up bad loans and pass them off as good. End result? Even higher house prices and now a big crash. And the foxes have made off with all of the eggs.
I guess the only thing I’ve learned is that whenever some guy in a suit is on TV telling me that he’s going to solve my problems, I know I’m about to get screwed.
We’re all doomed!
March 4, 2009 at 6:44 PM in reply to: Great Article in Vanity Fair by Michael Lewis on Iceland’s amazing bubble #360897blahblahblah
ParticipantClearly government regulation has been a big problem. Why do we have a mortgage interest deduction? Completely unnecessary and it just serves to push up prices. Also, all of these bailouts are just delaying the inevitable. These are the sort of things that make Friedman economics seem so appealing. With intervention having so many bad effects, wouldn’t getting rid of it solve lots of problems? In a perfect world, maybe. Unfortunately for us chickens, the foxes make sure that only the regulations they’re interested in get removed. They didn’t care about the mortgage interest deduction, but they did care about being able to package up bad loans and pass them off as good. End result? Even higher house prices and now a big crash. And the foxes have made off with all of the eggs.
I guess the only thing I’ve learned is that whenever some guy in a suit is on TV telling me that he’s going to solve my problems, I know I’m about to get screwed.
We’re all doomed!
March 4, 2009 at 5:32 PM in reply to: Great Article in Vanity Fair by Michael Lewis on Iceland’s amazing bubble #360243blahblahblah
ParticipantAllow me to enlighten you, PR! Old Uncle Miltie was a one-trick pony. The tune he never tired of singing was that if you simply privatize everything and eliminate all government intervention, markets will miraculously self-regulate and produce wealth for all! Capital will magically find its way into the most productive roles and the world will be fully of happy joyous wealthy consumers. His philosophy is remarkably similar in its naive innocence to the economic theories of Karl Marx in that they both completely disregard the human race’s propensity towards greed and cheating. At the extremes of the spectrum, the left and and right wings of economics begin to eerily resemble one another. They both involve placing a lot of trust in unaccountable goons.
Friedman’s influence in the Chicago School of Economics was behind a lot of deregulation in this country and others. Remarkably, the US hasn’t been deregulated as badly as some places (Iceland in 2003 or Argentina in the late 80s, for example). With no one guarding the chicken coop, the foxes have the run of the place and before you know it it’s been emptied out. Pretty good deal — as long as you’re a fox.
March 4, 2009 at 5:32 PM in reply to: Great Article in Vanity Fair by Michael Lewis on Iceland’s amazing bubble #360548blahblahblah
ParticipantAllow me to enlighten you, PR! Old Uncle Miltie was a one-trick pony. The tune he never tired of singing was that if you simply privatize everything and eliminate all government intervention, markets will miraculously self-regulate and produce wealth for all! Capital will magically find its way into the most productive roles and the world will be fully of happy joyous wealthy consumers. His philosophy is remarkably similar in its naive innocence to the economic theories of Karl Marx in that they both completely disregard the human race’s propensity towards greed and cheating. At the extremes of the spectrum, the left and and right wings of economics begin to eerily resemble one another. They both involve placing a lot of trust in unaccountable goons.
Friedman’s influence in the Chicago School of Economics was behind a lot of deregulation in this country and others. Remarkably, the US hasn’t been deregulated as badly as some places (Iceland in 2003 or Argentina in the late 80s, for example). With no one guarding the chicken coop, the foxes have the run of the place and before you know it it’s been emptied out. Pretty good deal — as long as you’re a fox.
March 4, 2009 at 5:32 PM in reply to: Great Article in Vanity Fair by Michael Lewis on Iceland’s amazing bubble #360691blahblahblah
ParticipantAllow me to enlighten you, PR! Old Uncle Miltie was a one-trick pony. The tune he never tired of singing was that if you simply privatize everything and eliminate all government intervention, markets will miraculously self-regulate and produce wealth for all! Capital will magically find its way into the most productive roles and the world will be fully of happy joyous wealthy consumers. His philosophy is remarkably similar in its naive innocence to the economic theories of Karl Marx in that they both completely disregard the human race’s propensity towards greed and cheating. At the extremes of the spectrum, the left and and right wings of economics begin to eerily resemble one another. They both involve placing a lot of trust in unaccountable goons.
Friedman’s influence in the Chicago School of Economics was behind a lot of deregulation in this country and others. Remarkably, the US hasn’t been deregulated as badly as some places (Iceland in 2003 or Argentina in the late 80s, for example). With no one guarding the chicken coop, the foxes have the run of the place and before you know it it’s been emptied out. Pretty good deal — as long as you’re a fox.
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