economist blames wall street for collapse
 

On 09/05/2010 2:21 PM, bpuharic wrote:
On Sun, 09 May 2010 14:11:04 -0600,
wrote:

On 09/05/2010 10:30 AM, bpuharic wrote:
On Sun, 09 May 2010 11:40:05 -0400, wrote:

On Sun, 09 May 2010 10:19:26 -0400, wrote:

Tell me where the unions invest their pension funds? Mattresses? Tin
cans buried in the back yard? Stuffed in boxes in basements?

there are no unions in the US.

Certainly there are, they cover teachers,

7% of american workers are covered by unions. there are no unions in
the US. as the 'economist' magazine pointed out last month, the US has
the most anti-union work environment of 30 industrialized countries


Do you read your posts for fundimental rationality?

You say 7% of Amercians are union yet you say no unions exist in the
same sentance.

Have another drink **** for brains.

hey genius....7% means zip.

tell me which political party had 7% of the vote last year. 7% means
no power at all. none.

In my neck of the woods that would be the Tax Me Silly "Green Party".
They can only find 7% of the dumb****s, even too stupid for liberals to
support.


--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

On 09/05/2010 2:59 PM, D.Duck wrote:

"bpuharic" wrote in message
...
On Sun, 09 May 2010 15:33:00 -0400, wrote:

On Sun, 09 May 2010 14:42:19 -0400, bpuharic wrote:


a LOGICAL person would assume that some common cause was responsible.
after all, if 100M people were affected by a tsunami, would you blame
the dead?

if you're right wing, you would

If the 100m people went to the beach that day to see the tsunami I
would blame them.

gee. 100M people at the beach

well, i suppose if you're right wing, you HAVE to invent SOME idiotic
excuse....


If these people did not have any personal savings and they spent
significantly more than they made, I blame them too.

and if the middle class hasnt had a real wage increase in 10 years,
you have to invent SOME idiotic reason it's their fault...


BTW where do you get that 100m number you keep throwing around as
fact? If I believe the definition of middle class that was established
here ($100k to $200k) the total number of households is more like 13
million.

there are about 110M wage earners in this country. the middle class
generally is the middle 20-80%

http://en.wikipedia.org/wiki/File:Income-curve-$10k.png

Let's see, 20~80% is about 60%. 60% of 110M wage earners is 66M. The
number is shrinking.

Yep. And the only reason why inflation isn't nuts right now is price
pressures of people not haveing the debt/credit/money they used to. So
companies have to cut costs or face buyers resistance. But at some
point that will no longer work and either shortages occur or prices rise.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

On 09/05/2010 3:09 PM, bpuharic wrote:
On Sun, 09 May 2010 14:55:11 -0600,
wrote:

On 09/05/2010 10:34 AM, bpuharic wrote:

notice he thinks 100,000,000 americans should spend all their time
sitting on their asses watching their stocks instead of raisin their
kids, building their communities, etc...

Funny, my kid is out on her own, owns a million dollar home and has her
own business. Made us grandparents too.

blah blah blah, right wing bull****...


So I sat down and explained socialism.

good thing the only socialists around are in venezuela, isn't it?

Socialists are like mosquitoes. Trick is to swat them before they get
your blood.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

On Sun, 09 May 2010 17:14:05 -0400, wrote:

On Sun, 09 May 2010 16:16:57 -0400, bpuharic wrote:

let me type this slowly so you, a right winger, can understand:

THE MIDDLE CLASS HAS NOT HAD A REAL INCREASE IN WAGES IN A DECADE...

OK get that?

middle class

no real wage increase

in 10 years

now, then, how many ways can i repeat that so even you understand?
unless you think the ENTIRE middle class is composed ONLY of me....

then you have to admit that's a problem

I know people who still get raises, I live with one of them. You just
have to demand them or leave ... and be prepared to do it.

i wonder if he bangs his head on concrete in order to get things into
it

gee. if 100M americans dont get a raise

uh...where, pray tell, are we all going to go to demand a raise?

you're not too bright. in fact you're rather dense

.

economist blames wall street for collapse
 

On Sun, 09 May 2010 17:32:05 -0400, wrote:

On Sun, 09 May 2010 17:05:44 -0400, bpuharic wrote:

About 90,000,000 jobs. And think, the taxpayer didn't pay for any of them.

and unemployment would have been worse except for the bailout and the
TARP that you hate.


I find it strange that you demonize the billionaires on Wall Street
and then support a bailout that only benefited them, leaving main
street largely unaffected.
You really drank the Kool Ade on that one.

i find it strange that you havent studied history and dont realize
that NOT bailing out the billionaires would have led to a 1929 style
collapse

ever hear of the great depression?

economist blames wall street for collapse
 

On 09/05/2010 10:35 AM, bpuharic wrote:
On Sun, 09 May 2010 11:36:45 -0400, wrote:

On Sun, 09 May 2010 10:18:09 -0400, wrote:

On Sun, 9 May 2010 09:21:20 -0400, wrote:


when you sell stocks you either gain or losr stay even

guess what happened to the folks who sold at the end of the day
yesterday?


My stop loss orders triggered so I am looking for a good bottom to get
back in. I already have some prices picked but I haven't placed the
orders. I am watching this Euro thing to see what will happen before I
get back in.

guess the right doesn't know that ALOT of trading is computer
controlled...which is why a trillion evaporated in one day

Funny, they know better than popper bpuharic. I use if every trading
day, even had limit and stop losses kick in last Thursday but admit I
wish I had more orders in.

they keep denying it happened. just like they bitch about obama
spending a trillion over the course of a year.

the difference is that wall street is run by rich white guys.

obama's black.

He is 1/2 black with a big mouth. So what is your point? You are
brnging race into it again? Guess that means you have nothing more
intelligent to add.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

On Sun, 9 May 2010 16:59:35 -0400, "D.Duck" wrote:


"bpuharic" wrote in message
.. .
On Sun, 09 May 2010 15:33:00 -0400, wrote:

On Sun, 09 May 2010 14:42:19 -0400, bpuharic wrote:


and if the middle class hasnt had a real wage increase in 10 years,
you have to invent SOME idiotic reason it's their fault...


BTW where do you get that 100m number you keep throwing around as
fact? If I believe the definition of middle class that was established
here ($100k to $200k) the total number of households is more like 13
million.

there are about 110M wage earners in this country. the middle class
generally is the middle 20-80%

http://en.wikipedia.org/wiki/File:Income-curve-$10k.png

Let's see, 20~80% is about 60%. 60% of 110M wage earners is 66M. The
number is shrinking.

oh. so only 66M americans are idiots and should live ijn poverty?

i stand corrected

economist blames wall street for collapse
 

On Sun, 09 May 2010 17:23:14 -0400, wrote:

On Sun, 09 May 2010 16:26:14 -0400, bpuharic wrote:

On Sun, 09 May 2010 15:38:18 -0400, wrote:

On Sun, 09 May 2010 14:43:23 -0400, bpuharic wrote:



That same computer executed my stop loss orders. I didn't have to do a
thing. I got a message that I traded, that was it.

i guess you didn't hear that the computer programs on wall street
destroyed a trillion. in 1 day.

It was far more than a simple computer glitch. Greece and the possible
crash of the Euro was a lot more troubling than one trader typing
billion when he meant million. Most of that was recovered by the end
of trading.

uh, no. the market had dropped a few hundred points over the previous
week as the scope of the greek problem became news. a drop of 1
trillion in 1 day had zip to do with greece.


What the hell are you talking about?

you havent been following the market for the last week or 2 have you?
it's been dropping as the greek situation became news...it's BEEN news
for several weeks

sorry that rush just told you about it yesterday


and saying absolutely NOTHING about bush...nothing. not a peep.

now, why is that?


I say plenty about bush and the stupid war. That was his fault. The
CDO problem was caused by legislation that happened before he took
office. You seem to ignore that.

uh...no. in fact i quite squarely blame it on the right winger phil
gramm and his enron VP wife who engineered a bill to exclude the SEC
from regulating derivatives




cite it.
You are just trying to deflect the conversation away from your
failures to plan.

yeah. me and 100M other working poeple

OK that sounds right.
Just because 100,000,000 people fell for the idea that they could
borrow their way to prosperity does not surprise me.

ROFLMAO!! and how, pray tell, with wall street consuming 40% of GDP,
and with the middle class having NO pay increase in 10 years, were
they...we...supposed to make ends meet??

you right wingers...you starve the middle class THEN complain when it
starves!!

Anyone carrying any debt past 45-50 is not thinking seriously about
retiring, at least not in any rational sense.
I managed to own 2 properties, my car

blah blah blah...more right wing bull****

economist blames wall street for collapse
 

On 09/05/2010 1:45 PM, wrote:
On Sun, 09 May 2010 14:45:59 -0400, wrote:

really? ever sell any stock?


Yes, just last week and because of that I was part of the run on the
market that crashed the value of those stocks.

The fact remains that stock prices are based on what people are
buying, when they sell that "value" quickly disappears.

If there are a million shares of a stock that is selling for a buck
each you could say there was a million dollars worth of value out
there but if somebody actually tried to cash in more than a small
percentage of that stock it would quickly be a 50 cent stock.
In that regard the value is just an illusion.

hmm...it seems you dont know WHY companies are even ON wall street.
they are there for capitalization....looking for money to invest in
their companies. if wall street drops by a trillion, their
equty...their ability to raise money...drops by a trillion

Perhaps you are the one who doesn't understand how stocks work. When a
company offers shares they get all the money they are going to get
right then. After that the stocks are just baseball cards that trade
without the company seeing another dime. They can sell more stock but,
again, it is a one time shot.
Companies do hold back stock and call it an asset but that is really
just a bookkeeping trick.
You have guys like Bill Gates who hold most of their billions in
company stock but they can't really sell it without depressing the
price.

I wouldn't call it a trick. Credits == debits, assets == liabilities.
Or the books are cooked. Might be anyways, but that isn't the point.
There is a method to why financials were setup that way to give a more
accruate valuation of what part of the equity is share holders and not
bank/debt. It affects P/E and debt ratios.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

On Sun, 09 May 2010 15:12:48 -0600, Canuck57
wrote:

On 09/05/2010 1:38 PM, wrote:

It was far more than a simple computer glitch. Greece and the possible
crash of the Euro was a lot more troubling than one trader typing
billion when he meant million. Most of that was recovered by the end
of trading.

You have that right. It sure as hell was no glitch. Only in
liberal-debt monger liberal minds was it a glitch. They can dream on.
A trillion dollar move occured.

gee.and what caused it?

oh. you don't know. if you think it WASNT a glitch, by all
means...tell the world what happened. because no one knows


The market ran out of buyers and had too many sellers.

gee. that's happened before. number of times it produced a TRILLION
DOLLAR swing in 1 day?

almost never

That simple. No
one trusts our own governmetns debt-corruption currency and banking
mismanagement. And that includes the USA.

oh sure. the US is the only country in financial trouble

do you get sunburned on the planet you're from?


Between Greece and pathetic US numbers for unemployment and debt
spending, the market paniced. Big deal. Buying opporunities. ;)

uh no. the greek situation has been news for weeks. a 1 day shift of a
trillion buck had zip to do with greece


Sooner or later this ponzi debt bubble is going to burst and this may be
nothing. This might have been the warning shot to out of control
government spending and ponzi federal banking.

gee. after ww2 we had a bigger debt burden than we have today. guess
you're right: the US doesn't exist.