autboy

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    • Mon Nov 17th 09:51 AM | Rating: 0 0
      Commented on:
      The Great Consumer Crash of 2009
      please forward to Barack Obama, post haste
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    • Sun Oct 19th 22:50 PM | Rating: 0 0
      Commented on:
      Things Aren't as Bad as They Seem - Barron's
      who has any fr**kin money left to spend?? everyone's taken a major hosing
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    • Sat Oct 18th 10:14 AM | Rating: 0 0
      Commented on:
      Will We Know When We've Made a Low?
      "We really only know when we've made a low when we're able to assess subsequent buying interest after price and momentum lows have been made. That often means missing exact price lows, but it also avoids the discomfort of catching those proverbial falling knives..."

      doesn't that simply mean "someone will find the low. Just not you."?
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    • Tue Oct 14th 18:18 PM | Rating: 0 0
      Commented on:
      History Says That We'll Be Fine
      you promise? how comforting
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    • Mon Oct 13th 12:40 PM | Rating: 0 0
      Commented on:
      Relief Rally in Pictures
      can someone pls advise on when i should buy back SDS, DXD, FXP or SMN?

      lol
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    • Sat Oct 11th 13:57 PM | Rating: 0 0
      Commented on:
      G-7: Nothing New
      remember the movie The Road Warrior?:

      "Their leaders talked and talked and talked
      but nothing could stem the avalanche.
      Their world crumbled, the cities exploded.
      A whirlwind of looting, a firestorm of fear."

      nice last line, eh?
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    • Sun Oct 5th 13:22 PM | Rating: 0 0
      Commented on:
      Fannie and Freddie Did Not Cause This Crisis
      what's pathetic is the is the premise that each political party is a mortal enemy of the other and must try destroy the other to somehow return the country to health. i see merit on both sides of the argument, but am especially disturbed at the relentless conservative assault on an opponent regarded as an anti-American enemy threatening the security of the country. Absurd. Grow up. There can be legitimate disagreement without class war
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    • Mon Sep 22nd 20:58 PM | Rating: 0 0
      Commented on:
      Capitalism: RIP
      kertch, let's keep the ball rolling. I like your thinking. I pose this to you:

      Capitalism is an ethical system as well as an economic system. It essentially says, 'we don't need kings or interventionist governments to oversee us or meddle in our affairs. If we create value and ensure fair markets, the role of government is relegated to rule maker and umpire ensuring that market participants play fair.'

      Capitalism not only ensures private ownership, wealth creation, innovation and the rest; it ensures autonomy from interventionist government. If I behave in ways that necessitate government intervention, I am essentially destroying that system. If I want government out of my life, I behave ethically.

      Sounds pollyanna, but it is really very simple. you may strongly disagree, but I am convinced the government steps in not because it is power hungry, but because it sees no viable alternative in a given case. The government didn't step in in the case of civil rights because it was looking for a convenient way to meddle. It stepped in because certain states refused to enforce Constitutional guarantees. It didn't step in during the Depression because it was feeling frisky; it stepped in because a demoralized nation standing in breadlines amid a frozen economy was unacceptable. And it didn't step in this time because of a good old boys network. It stepped in because it wasn't prepared to deal with a full blown social crisis as a result of a new Depression. It is impossible in this case - as it was during the Depression - to ignore the issue of scale.

      Naive, but simple: don't want government intervention? Keep your house in order. Wanna do the whole bad mortgage/mortgage backed securities shell game? fine, but don't cry when the gov't needs to pull your ass out of the fire.

      and BTW, whenever you play these stupid games of grossly irresponsible and greedy risk, you unavoidably increase the power of the government - the last fracking thing you want.

      Failure of capitalism, dude. It is on US, not them
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    • Mon Sep 22nd 16:21 PM | Rating: 0 0
      Commented on:
      Capitalism: RIP
      this series is helpful: www.moneymorning.com/2.../
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    • Mon Sep 22nd 15:49 PM | Rating: 0 0
      Commented on:
      Capitalism: RIP
      kertch, I am willing to be educated, but I don't understand your post. The creative manipulation of the system to allow persons without means to purchase unaffordable goods while others packaged up and sold the resulting debts to others on the premise of potential high returns has nothing to do with facism or socialism. It's a failure of our own system. Even the government's lax oversight is part of that failure. Certainly when the foolishness of free agents in the marketplace combined with lack of transparency reaches such a scale that it threatens to plunge the country into depression, that is a failure of capitalism.

      IMO, we need a 30-day moratorium on the use of "totalitarianism&... "socialism", "facism" and the like so people can bone up a little on history. When we get to the point of a police state that outlaws political opposition, sanctions gulags and concentration camps, confiscates private property, demands public loyalty to a dictator, and systematically murders anyone who doesn't toe the line, then we can talk about "totalitarianism&... But not before
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    • Mon Sep 22nd 13:51 PM | Rating: 0 0
      Commented on:
      Capitalism: RIP
      amen to eyeswideopen. this entire episode reveals the fatuousness of the Right's relentless bellyaching about the evils of liberalism. I'm not a "liberal" but i'm also not a gutless conservative, unable to accept blame for the failures of my own ideals. the financial meltdown is capitalism-generated. get your own sh*t together
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    • Sat Sep 20th 09:25 AM | Rating: 0 0
      Commented on:
      How Bernanke Stunned Congress with the Truth
      "The decision of George W. Bush to save our Nation is as brave, courageous and intelligent of leadership we want in a President. His resolution to move quickly roughly equals George Washington in combat."

      god, i love a good laugh i the morning. tks.
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    • Fri Aug 1st 13:12 PM | Rating: 0 0
      Commented on:
      How Is GM Still Alive?
      what mcadoo said
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    • Wed Jul 23rd 09:42 AM | Rating: 0 0
      Commented on:
      Wednesday Outlook: Commodities, Emerging Markets
      what's an ordinary small fry investor to do?
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    • Tue Jul 22nd 14:58 PM | Rating: 0 0
      Commented on:
      Financials: How - And When - We Reached the Bottom
      LOL! debtacid: 1929-30 sure was quotable.

      But DSB has touched the central nerve: how much betrayal of essential trust can a market endure and still hope to prosper. I am often struck by the conservative obsession with getting the government off the backs of businesses so they can create value, jobs, and provide more opportunities for wealth etc,. But seems to me that lays a responsibility on businesses - in this case the financial sector - not to operate so recklessly that government intervention is the only way to prevent collapse. How can anyone observing this situation from the outside rush back in to invest in companies that have behaved so irresponsibly?
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