economist blames wall street for collapse
 

On 09/05/2010 4:02 PM, hk wrote:
On 5/9/10 5:56 PM, Canuck57 wrote:
On 09/05/2010 11:40 AM, wrote:
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.

If my broker screwed up one of my trades, I would ask his manager if
they liked my business, they would fix it. And if they didn't, I would
put the facts on the internet. I don't tollerate screw ups on my
banking/trading.


snerk

How much does that little glass piggy bank of yours hold?

Don't know. I gave that up at 14 or so. Use a bank, then a brokerage.
I can't carry my NW any more. Far too heavy if it was currency.

So how is your penny pincing doing? Filled the baby food jar yet?

--
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 17:54:09 -0600, Canuck57
wrote:

On 09/05/2010 2:30 PM, bpuharic wrote:
On Sun, 09 May 2010 15:50:34 -0400, wrote:


EXACTLY!! finally you get it you IDIOT!!

inflation is running at about 2.5%. and it's been that way for YEARS.

but you right wingers think it's like zimbabwe...

paranoia...tin foil hat paranoia


Did we say Zimbabwe also tried the print money and debt to spend out of
debt?

and did we say that inflation is running at 2.5%?

to you that's the same as 2500%

such is right wing math

So if government clains 2%, I believe after taxes to the net income it
is closer to 3.2%.

And it is like Zimbabwe, Agenina, Brazil, Germany (pre WW II), 1929 USA,
Iceland, Spain, Greece (isn't the first time the ******s are a
welshing), Venezuela, Mexico and dozens of others, 100% of the time it
is a whopping inflation.

any proof other than rush limballs saying it?


Call it the Obama bad debtor paying chicken with the worlds creditors.
And he is going to loose big time. $14.5 trillion of defunct debt. Now
that is worth a wild assed market crash. Makes Greece look like a cake
walk.

more tin foil hat paranoia. more bull****

not a single fact in the whole string of bull****

economist blames wall street for collapse
 

"hk" wrote in message
m...
On 5/9/10 7:35 PM, D.Duck wrote:

"bpuharic" wrote in message
...
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


You're the stickler for "facts".


And you're just...tacky.

--
The Tea Party's teabaggers are just the Republican base by another name.

I guess I'm happy being a member of the "middle" class. Been retired 15
years, no pension increase, no Social Security increase this year or next.
My standard of living has not deteriorated in spite of it all.

Maybe I just planned better in my younger years than some here have done.

economist blames wall street for collapse
 

On 5/9/10 8:01 PM, Canuck57 wrote:
On 09/05/2010 4:02 PM, hk wrote:
On 5/9/10 5:56 PM, Canuck57 wrote:
On 09/05/2010 11:40 AM, wrote:
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It
was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.

If my broker screwed up one of my trades, I would ask his manager if
they liked my business, they would fix it. And if they didn't, I would
put the facts on the internet. I don't tollerate screw ups on my
banking/trading.


snerk

How much does that little glass piggy bank of yours hold?

Don't know. I gave that up at 14 or so. Use a bank, then a brokerage. I
can't carry my NW any more. Far too heavy if it was currency.

So how is your penny pincing doing? Filled the baby food jar yet?



I have no need to pinch pennies.

--
The Tea Party's teabaggers are just the Republican base by another name.

economist blames wall street for collapse
 

On 5/9/10 10:02 PM, wrote:
On Sun, 09 May 2010 15:56:14 -0600,
wrote:


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.

If my broker screwed up one of my trades, I would ask his manager if
they liked my business, they would fix it.

I had a broker screw up one of my trades a while ago but fixing it was
no real problem. They tape all of the phone calls. I had them review
the tape and they made it good


Being virtually "out of the market," I no longer worry about such stuff.
It also does my heart good to know I'm not contributing much to the
thieves of wall street, although our "system" does require me to deal
with the thieves at a couple of banks.

These days, I "dabble" in stocks a little to satisfy my whims. I bought
some Apple shares when I bought my first Apple computer a computer of
years ago. Those shares are doing OK. I probably should dump them, pay
the taxes that would be due, and buy some rental real estate.





--
The Tea Party's teabaggers are just the Republican base by another name.

economist blames wall street for collapse
 

On 5/9/10 10:25 PM, wrote:
On Sun, 9 May 2010 14:26:49 -0700,
wrote:

wrote in message
...
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.


Yes, thus the money is certainly real for those exercising trades. It also
has the effect of making companies vulnerable to pirates, who would take
advantage of low stock prices. Again, very real consequences.



... but the money is only real when you sell the stock and if too many
people try to sell the stock the price drops so the true "value" is a
nebulous thing to define.
My brokerage report calls the position "unrealized gains" so we won't
get too giddy about our good fortune.
As BP found out, all of those gains in his 401k in 2006 were just love
letters in the sand.
When a significant number of boomers start drawing off their 401ks he
won't have much there at all. That is the huge joke on the early 50
somethings and younger about this 401k deal.
Much like Social Security, it may be gone by the time they get their
shot at it.
After watching how things went this week, I am thinking about just
cashing out my 401k and buying silver coins or something.
I bought a bag of silver dimes in the late 90s for 6x face, they are
going more like 13x face now.
BP wishes his 401k was doing as well and if the dollar crashes, silver
will be worth more. I am just sorry I didn't buy a wheel barrow full.
I have ~10,000 rounds of ammo that has appreciated quite a bit more
than that in the same time frame. My machine gun is 10x what I paid
for it. I may cash that one in this year.
Paper is not the only way to hold money.


Machine gun? That's what I need to hold off the LoogyZombies...what
kind...and should I start the paperwork for a transfer?

My last firearms purchase was a CZ-75 Shadow, highly customized. It's
now single action, with a 3# trigger. Incredibly accurate, at least as
accurate as the Sig target pistol I owned for a couple of years. Holds
19 rounds in the mag, one in the pipe.




--
The Tea Party's teabaggers are just the Republican base by another name.

economist blames wall street for collapse
 

On Sun, 09 May 2010 22:20:33 -0400, wrote:

On Sun, 09 May 2010 19:05:37 -0400, bpuharic wrote:


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

.


You make up a number (100,000,000, cite a "fact" (they never got a
raise) that you can't back up and then tell everyone they are a dumb
if they disagree with you

moron. you're just a right wing idiot who never reads

http://economix.blogs.nytimes.com/20...o-income-gain/

The typical American household made less money last year than the
typical household made a full decade ago.

To me, that’s the big news from the Census Bureau’s annual report on
income, poverty and health insurance, which was released this morning.
Median household fell to $50,303 last year, from $52,163 in 2007. In
1998, median income was $51,295. All these numbers are adjusted for
inflation.

and this, the full report:

http://www.census.gov/prod/2009pubs/p60-236.pdf

Real median household income
fell between 2007 and 2008,
and the decline was widespread.
Median income fell for family and
nonfamily households, native- and
foreign-born households, households
in 3 of the 4 regions, and
households of each race category
and those of Hispanic origin.1

number of households in the US:

http://en.wikipedia.org/wiki/Househo..._United_States

In 2006, there were approximately 116,011,000 households in the United
States.

.. This is just based on your miserable job
choice, don't try to transfer that to everyone else. Grow a set of
balls, tell your boss you want a raise or go get a better job.

and you are just a blithering moron right wing fanatic who doesn't
know even the basic facts about the american economy, or the plight of
the middle class

go, suck up to your rich friends, idiot you deserve each other

As long as you keep eating ****, they will keep feeding it to you.

says the guy who, when the rich want to throw him in the street blames
himself

It sounds like you just picked a horrible profession if you haven't
had a raise in 10 years

hey idiot. go read the facts. stop letting rush limbaugh fill your
head with right wing horse****, OK?

you truly DO like to suck the cocks of the rich, don't you?


.. My wife's assistant has almost doubled his
salary in 2 years. She gets a raise every year and she has told them
she will leave the first year she doesn't.

no one gives a **** about your wifes ass. you right wingers have NO
evidence for your bull**** beliefs

economist blames wall street for collapse
 

On Sun, 09 May 2010 22:42:09 -0400, wrote:

On Sun, 09 May 2010 19:06:41 -0400, bpuharic wrote:


ever hear of the great depression?


Yes and it took a world war to break it.

uh, no. what it took was a MASSIVE GOVT SPENDING PROGRAM and MASSIVE
DEBT.

a war will do that. so will obama's deficit spending.

All of the FDR programs left
us still in a depression with no real light at the end of the tunnel.
Our problem then was unused industrial capacity.
The war filled that void.

gee. just like obama's deficit spending

Today we have shipped most of our industrial capacity to Mexico and
China. We have a crisis of not really doing anything here.

and wall street...uh, how did the TRILLIONS of dollars that wall
street paid itself in bonuses

uh...how did that benefit jobs since there have been NO net jobs
created in the last 10 years?

any comment from the deluded right wing?


Right now we are just printing money and hoping we won't ever have to
back it up because we still have not created any real employment for
most of the people who are out of work.

and the economy is improving. over the last quarter more jobs were
created than lost

i realize to the right wing this is a tragedy since they hate the
middel class...but those are the facts

Over 40% of our GDP is nothing but the shuffling of paper assets on
Wall Street (3 times what it was in the 60s and early 70s). We are not
creating any real wealth by hiring workers and making something we
sell, we are just printing money and passing it around to make it look
like we are prosperous.

gee. and that's EXACTLY what the rich have been doing. inventing
financial instruments, selling them back and forth and destroying jobs

but you right wingers think that's great.

When the real crash comes, it will be fast and it will be deep. Money
as we know it could be worthless. All it will really take is the
Chinese, Japanese and Europeans not renewing our bonds.

ROFLMAO!! ever hear of keynes' observation:

if you owe the bank $1000, you have a problem

if you owe the bank $1,000,000 the bank h as a problem

do you think that, with 2 TRILLION in US dollars, china's gonna tell
us to go get ****ed?

economist blames wall street for collapse
 

On Sun, 09 May 2010 22:48:28 -0400, wrote:

On Sun, 09 May 2010 19:12:47 -0400, bpuharic wrote:



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


The down spike you are talking about lasted about 15 minutes.
There was a correction but that was not a trillion dollars.

http://tpmcafe.talkingpointsmemo.com...ute-trilli.php

The Dow Jones Industrial Average fell almost 1000 points in ten
minutes today, wiping out $1 trillion in equity values as algorithmic
trading by high-speed computers spun out of control.

-----------------

gee. it certainly looks like markets are rational, just like the right
wing preaches, doesn't it??


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


Bush, Gramm, Clinton, I guess they are all the same guy in your mind

and the right wing....

never heard of gramm...

economist blames wall street for collapse
 

On Sun, 09 May 2010 22:51:59 -0400, wrote:

On Sun, 09 May 2010 19:21:23 -0400, bpuharic wrote:

On Sun, 09 May 2010 17:26:53 -0400, wrote:

On Sun, 09 May 2010 16:30:03 -0400, bpuharic wrote:

The BLS agrees with me but you know how those government people lie.

really? again, i ask

where's your proof?


http://www.bls.gov/news.release/cpi.nr0.htm

EXACTLY!! finally you get it you IDIOT!!

inflation is running at about 2.5%. and it's been that way for YEARS.

I am not stupid enough to think 2.5% is zero.

you're stupid enough to think it's 2500%



When did I say that?

You said zero and I called you on it

no, you said massive inflation

i'm waitin for you to post your proof that the US is undergoing
massive inflation

2.5% is about normal inflation over the last 30 years or so for the
economy. obama is NOT causign massive inflation