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underdose
Participant“Also, did the author of this thread call him “brain williams”???? Thats funny.”
I’d like to take credit for that as a joke. Honest typo. Thanks for catching it because it gave me a good laugh. I slay myself!
Participant“Also, did the author of this thread call him “brain williams”???? Thats funny.”
I’d like to take credit for that as a joke. Honest typo. Thanks for catching it because it gave me a good laugh. I slay myself!
Participant“Also, did the author of this thread call him “brain williams”???? Thats funny.”
I’d like to take credit for that as a joke. Honest typo. Thanks for catching it because it gave me a good laugh. I slay myself!
Participant“Also, did the author of this thread call him “brain williams”???? Thats funny.”
I’d like to take credit for that as a joke. Honest typo. Thanks for catching it because it gave me a good laugh. I slay myself!
Participant[quote=waiting for bottom]She and the rest of them still have not addressed the premise: Are we really in a crisis?[/quote]
Somehow, this never got answered.
Yes. A thousand times yes. Unfortunately, we’ve been in a crisis for years. Are they overstating things now? No, just the opposite, they’ve been understating it until just a few days ago. So if it isn’t a potential pending crisis, but a fully realized crisis well underway, can this bailout provide any material benefit? No, it’s too little, too late. Most likely it will make things worse with the ol’ unintended consequences. The time to act was years ago, when the housing and credit bubbles were still growing and hadn’t reached catastrophic proportions. But during that time, when Rich and Peter Schiff and Robert Schiller and many others were all sounding the alarm, the likes of Greenspan, Bernanke and Paulson all said, “Risks? Don’t be silly! It’s a party!!!” Either they were all grossly incompetent in failing to realize the growing crisis, or they knew damn well and covered it up to lay the ground work for this aggressive power grab.
Participant[quote=waiting for bottom]She and the rest of them still have not addressed the premise: Are we really in a crisis?[/quote]
Somehow, this never got answered.
Yes. A thousand times yes. Unfortunately, we’ve been in a crisis for years. Are they overstating things now? No, just the opposite, they’ve been understating it until just a few days ago. So if it isn’t a potential pending crisis, but a fully realized crisis well underway, can this bailout provide any material benefit? No, it’s too little, too late. Most likely it will make things worse with the ol’ unintended consequences. The time to act was years ago, when the housing and credit bubbles were still growing and hadn’t reached catastrophic proportions. But during that time, when Rich and Peter Schiff and Robert Schiller and many others were all sounding the alarm, the likes of Greenspan, Bernanke and Paulson all said, “Risks? Don’t be silly! It’s a party!!!” Either they were all grossly incompetent in failing to realize the growing crisis, or they knew damn well and covered it up to lay the ground work for this aggressive power grab.
Participant[quote=waiting for bottom]She and the rest of them still have not addressed the premise: Are we really in a crisis?[/quote]
Somehow, this never got answered.
Yes. A thousand times yes. Unfortunately, we’ve been in a crisis for years. Are they overstating things now? No, just the opposite, they’ve been understating it until just a few days ago. So if it isn’t a potential pending crisis, but a fully realized crisis well underway, can this bailout provide any material benefit? No, it’s too little, too late. Most likely it will make things worse with the ol’ unintended consequences. The time to act was years ago, when the housing and credit bubbles were still growing and hadn’t reached catastrophic proportions. But during that time, when Rich and Peter Schiff and Robert Schiller and many others were all sounding the alarm, the likes of Greenspan, Bernanke and Paulson all said, “Risks? Don’t be silly! It’s a party!!!” Either they were all grossly incompetent in failing to realize the growing crisis, or they knew damn well and covered it up to lay the ground work for this aggressive power grab.
Participant[quote=waiting for bottom]She and the rest of them still have not addressed the premise: Are we really in a crisis?[/quote]
Somehow, this never got answered.
Yes. A thousand times yes. Unfortunately, we’ve been in a crisis for years. Are they overstating things now? No, just the opposite, they’ve been understating it until just a few days ago. So if it isn’t a potential pending crisis, but a fully realized crisis well underway, can this bailout provide any material benefit? No, it’s too little, too late. Most likely it will make things worse with the ol’ unintended consequences. The time to act was years ago, when the housing and credit bubbles were still growing and hadn’t reached catastrophic proportions. But during that time, when Rich and Peter Schiff and Robert Schiller and many others were all sounding the alarm, the likes of Greenspan, Bernanke and Paulson all said, “Risks? Don’t be silly! It’s a party!!!” Either they were all grossly incompetent in failing to realize the growing crisis, or they knew damn well and covered it up to lay the ground work for this aggressive power grab.
Participant[quote=waiting for bottom]She and the rest of them still have not addressed the premise: Are we really in a crisis?[/quote]
Somehow, this never got answered.
Yes. A thousand times yes. Unfortunately, we’ve been in a crisis for years. Are they overstating things now? No, just the opposite, they’ve been understating it until just a few days ago. So if it isn’t a potential pending crisis, but a fully realized crisis well underway, can this bailout provide any material benefit? No, it’s too little, too late. Most likely it will make things worse with the ol’ unintended consequences. The time to act was years ago, when the housing and credit bubbles were still growing and hadn’t reached catastrophic proportions. But during that time, when Rich and Peter Schiff and Robert Schiller and many others were all sounding the alarm, the likes of Greenspan, Bernanke and Paulson all said, “Risks? Don’t be silly! It’s a party!!!” Either they were all grossly incompetent in failing to realize the growing crisis, or they knew damn well and covered it up to lay the ground work for this aggressive power grab.
September 28, 2008 at 10:54 PM in reply to: Jim Rogers: NOT the end of the world, let em go bankrupt! #276913Participant“Your understanding of how credit is used by business is limited.. ”
Not true. I totally get, and even applaud, the manner in which you use credit. Please don’t read too much into my criticism of Terminex running at redline. It sounded like they do this every month as a matter of practice, not an emergency option to seize a rare business opportunity. They are a big company, and have no need to be running their cashflow that tightly. It seems to me to be a case of the common misconception that “risk implies reward, and risk does not entail any actual risk.” If Terminex is running risks like this, they should, in fact, be at risk, not me the tax payer who does not participate in the profits when the gamble doesn’t backfire.
It sounds to me that you are one of few people in America using credit correctly, as capital investment to grow your business. I never said that credit should go away entirely. It should be backed by savings, and used responsibly.
September 28, 2008 at 10:54 PM in reply to: Jim Rogers: NOT the end of the world, let em go bankrupt! #277170Participant“Your understanding of how credit is used by business is limited.. ”
Not true. I totally get, and even applaud, the manner in which you use credit. Please don’t read too much into my criticism of Terminex running at redline. It sounded like they do this every month as a matter of practice, not an emergency option to seize a rare business opportunity. They are a big company, and have no need to be running their cashflow that tightly. It seems to me to be a case of the common misconception that “risk implies reward, and risk does not entail any actual risk.” If Terminex is running risks like this, they should, in fact, be at risk, not me the tax payer who does not participate in the profits when the gamble doesn’t backfire.
It sounds to me that you are one of few people in America using credit correctly, as capital investment to grow your business. I never said that credit should go away entirely. It should be backed by savings, and used responsibly.
September 28, 2008 at 10:54 PM in reply to: Jim Rogers: NOT the end of the world, let em go bankrupt! #277188Participant“Your understanding of how credit is used by business is limited.. ”
Not true. I totally get, and even applaud, the manner in which you use credit. Please don’t read too much into my criticism of Terminex running at redline. It sounded like they do this every month as a matter of practice, not an emergency option to seize a rare business opportunity. They are a big company, and have no need to be running their cashflow that tightly. It seems to me to be a case of the common misconception that “risk implies reward, and risk does not entail any actual risk.” If Terminex is running risks like this, they should, in fact, be at risk, not me the tax payer who does not participate in the profits when the gamble doesn’t backfire.
It sounds to me that you are one of few people in America using credit correctly, as capital investment to grow your business. I never said that credit should go away entirely. It should be backed by savings, and used responsibly.
September 28, 2008 at 10:54 PM in reply to: Jim Rogers: NOT the end of the world, let em go bankrupt! #277222Participant“Your understanding of how credit is used by business is limited.. ”
Not true. I totally get, and even applaud, the manner in which you use credit. Please don’t read too much into my criticism of Terminex running at redline. It sounded like they do this every month as a matter of practice, not an emergency option to seize a rare business opportunity. They are a big company, and have no need to be running their cashflow that tightly. It seems to me to be a case of the common misconception that “risk implies reward, and risk does not entail any actual risk.” If Terminex is running risks like this, they should, in fact, be at risk, not me the tax payer who does not participate in the profits when the gamble doesn’t backfire.
It sounds to me that you are one of few people in America using credit correctly, as capital investment to grow your business. I never said that credit should go away entirely. It should be backed by savings, and used responsibly.
September 28, 2008 at 10:54 PM in reply to: Jim Rogers: NOT the end of the world, let em go bankrupt! #277234Participant“Your understanding of how credit is used by business is limited.. ”
Not true. I totally get, and even applaud, the manner in which you use credit. Please don’t read too much into my criticism of Terminex running at redline. It sounded like they do this every month as a matter of practice, not an emergency option to seize a rare business opportunity. They are a big company, and have no need to be running their cashflow that tightly. It seems to me to be a case of the common misconception that “risk implies reward, and risk does not entail any actual risk.” If Terminex is running risks like this, they should, in fact, be at risk, not me the tax payer who does not participate in the profits when the gamble doesn’t backfire.
It sounds to me that you are one of few people in America using credit correctly, as capital investment to grow your business. I never said that credit should go away entirely. It should be backed by savings, and used responsibly.
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