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economist blames wall street for collapse
On 09/05/2010 8:22 AM, bpuharic wrote:
On Sun, 09 May 2010 08:02:32 -0600, wrote: On 08/05/2010 10:23 PM, wrote: On Sat, 08 May 2010 12:04:28 -0400, wrote: in 1 day wall street wipes out a TRILLION DOLLARS from the economy. It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. Some real truth to that. If you exclude dividents, where there is a winner there is a loser. A zero sum game. The economy is say worth 100 units. Than the market swings are irrelivant, your percentage of the units is all that maters. Being a zero sum game, the odds are better than Vegas. well...no. because 100 units today are not worth the same as 100 units yesterday golly. you really are stupid, aren't you? oh, yeah. you're right wing. When currency fluxates, you don't worry about the numbers, you worry about value. For example, you take a 10 year t-bill at 0.5% and say inlfation runs an average of 10%, then loaning the government cost you 50% in value even though the $$$ amount in 10 years is slightly up. It is also why US/Canadian government can no longer borrow money and create it off their own banks...inflationary ponzi money. I have zero in bonds, but do watch the markets and I haven't seen a government issue anywhere fill since Sept 2008 or so. Which means our governemtns are bankrupt, as they only function on their ability to create money which is not sustainable. That is, a second crash is inevitable at this point. As Obama and democrats are jack asses if they think they can debt-spend their way out of a debt depression. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
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