Wall Street: The Blame Game

[rainjack]

[quote]orion wrote:
rainjack wrote:
orion wrote:
Ruggerlife wrote:
This is one situation where I’m all for equality, everyone is fuckin’ responsible for this mess.

The two others I didn’t see listed (sorry if I missed them) are;

1. The monoline insurance companies. Most investors that purchased the securities also insured the investment. However, these companies only did 1 (or 2) thing(s). The one being insuring subprime mortgage securities and the second was insuring public debt issuances (such as cities).

2. The damn people that took out the mortgages. Somehow these “victims” always escape blame.

Government inflating the money supply which leads to massive inflation.

It is just that nobody calls it that when the prices of shares and real estate rise.

Without it, those, bubbles could not have happened.

Bullshit, sparky. Go do a little research on this. How about you start with the year 1637, and then try to defend your drivel here.

Aw sweet.

You do not know anything about that “bubble”, not even that it was one.

We know however that the Fed has tripled the money supply in the last 30 years.

Where do you think that money went?

Not the part that was sucked of the market by Japan and China and that will drown you in inflation when it comes back to the US, oh no, just the rest of it that was lent to American institutional investors?

[/quote]

You’re licking the fucking frogs again, aren’t you? I will give you credit for knowing more about bubbles than your idiot partner, though. But bubbles occur with or without respect to who controls the money supply. Any idiot would know this, except for frog licking Euros, and fools like Lifty

But you got caught running your mouth. Sorry I had to be the one to call you on it, though.

We might have tripled the money supply over the last 30 years, but the DJIA has grown almost 10-fold.

Yeah, that’s a really bad trade off. Meanwhile, your stupid fucking gold, is worth about the same now as it was 30 years ago.

Had a person invested $1000 in the gold in 1978, his investment would be worth a staggering $1000 today.

Had he invested $1000 in the stock market with this fake, worthless money, he would be looking at about at more than $9K today, and that is not even counting the dividend payments that he could have been reinvesting and allowing to compound - that is just straight market appreciation.

Please. Go do some learning about the markets before you try and act like you know something. You and lifty are embarrassingly hilarious in your display of ignorance on this matter.

[orion]

[quote]rainjack wrote:
orion wrote:
rainjack wrote:
orion wrote:
Ruggerlife wrote:
This is one situation where I’m all for equality, everyone is fuckin’ responsible for this mess.

The two others I didn’t see listed (sorry if I missed them) are;

1. The monoline insurance companies. Most investors that purchased the securities also insured the investment. However, these companies only did 1 (or 2) thing(s). The one being insuring subprime mortgage securities and the second was insuring public debt issuances (such as cities).

2. The damn people that took out the mortgages. Somehow these “victims” always escape blame.

Government inflating the money supply which leads to massive inflation.

It is just that nobody calls it that when the prices of shares and real estate rise.

Without it, those, bubbles could not have happened.

Bullshit, sparky. Go do a little research on this. How about you start with the year 1637, and then try to defend your drivel here.

Aw sweet.

You do not know anything about that “bubble”, not even that it was one.

We know however that the Fed has tripled the money supply in the last 30 years.

Where do you think that money went?

Not the part that was sucked of the market by Japan and China and that will drown you in inflation when it comes back to the US, oh no, just the rest of it that was lent to American institutional investors?

You’re licking the fucking frogs again, aren’t you? I will give you credit for knowing more about bubbles than your idiot partner, though. But bubbles occur with or without respect to who controls the money supply. Any idiot would know this, except for frog licking Euros, and fools like Lifty

But you got caught running your mouth. Sorry I had to be the one to call you on it, though.

We might have tripled the money supply over the last 30 years, but the DJIA has grown almost 10-fold.

Yeah, that’s a really bad trade off. Meanwhile, your stupid fucking gold, is worth about the same now as it was 30 years ago.

Had a person invested $1000 in the gold in 1978, his investment would be worth a staggering $1000 today.

Had he invested $1000 in the stock market with this fake, worthless money, he would be looking at about at more than $9K today, and that is not even counting the dividend payments that he could have been reinvesting and allowing to compound - that is just straight market appreciation.

Please. Go do some learning about the markets before you try and act like you know something. You and lifty are embarrassingly hilarious in your display of ignorance on this matter.

[/quote]

For someone who just witnessed maybe the largest nationalization EVER you are pretty optimistic.

I think all of Russia in 1917 was worth less than what became public property in the US last week.

Plus, I know the history of enough “bubbles” to know the difference between a few manic investors and a systemic crisis.

But I do not need to argue with you, pretending that you cared to make an argument, I am putting my money where my mouth is and start betting against the dollar.

Which means, my Aston Martin DB7 will come out of your pocket.

I´ll send you a picture.

This is not over. This is the beginning.

[rainjack]

[quote]orion wrote:

For someone who just witnessed maybe the largest nationalization EVER you are pretty optimistic.

I think all of Russia in 1917 was worth less than what became public property in the US last week.

Plus, I know the history of enough “bubbles” to know the difference between a few manic investors and a systemic crisis.

But I do not need to argue with you, pretending that you cared to make an argument, I am putting my money where my mouth is and start betting against the dollar.

Which means, my Aston Martin DB7 will come out of your pocket.

I´ll send you a picture.

This is not over. This is the beginning.
[/quote]

You have been preaching that same tired story for a couple of years now.

Was it at the beginning then, or now? Pick one, and admit you were lying then or lying now.

The nationalization is nothing but an idea right now. Congress has yet to take action on anything.

Thanks for supporting the US with your Automotive purchase. Seems that admitting to buying a 10-year old car is the same as saying you aren’t expecting to profit much from your financial genius.

[dhickey]

[quote]rainjack wrote:
You’re licking the fucking frogs again, aren’t you? I will give you credit for knowing more about bubbles than your idiot partner, though. But bubbles occur with or without respect to who controls the money supply. Any idiot would know this, except for frog licking Euros, and fools like Lifty

But you got caught running your mouth. Sorry I had to be the one to call you on it, though.

We might have tripled the money supply over the last 30 years, but the DJIA has grown almost 10-fold.

Yeah, that’s a really bad trade off. Meanwhile, your stupid fucking gold, is worth about the same now as it was 30 years ago.

Had a person invested $1000 in the gold in 1978, his investment would be worth a staggering $1000 today.

Had he invested $1000 in the stock market with this fake, worthless money, he would be looking at about at more than $9K today, and that is not even counting the dividend payments that he could have been reinvesting and allowing to compound - that is just straight market appreciation.

Please. Go do some learning about the markets before you try and act like you know something. You and lifty are embarrassingly hilarious in your display of ignorance on this matter.
[/quote]
You are correct in that inflation and/or essentially free money do not create bubbles. The business cycle creates bubble. Inflation and artificially cheap money can make them much, much worse. Inflation in and of itself isn’t terribly menacing if it can be predicted and accounted for. Wild swings in money supply coupled with very low interest rates certainly cloud market signals, and in doing so are going to attract more and bigger idiots to the speculation party. Speculation will increase, it will take longer for most to see impending collapse and the correction will take longer and hurt more.

I’de have to actually go and look, but I don’t beleive we have really seen irratic inflation in quite some time. I do beleive we are staring it in face now. If we happen to hit another speculative bubble (energy?) at the same time, perpare for much worse fallout than this little blip.

[doubleh]

[quote]orion wrote:
rainjack wrote:
orion wrote:
rainjack wrote:
orion wrote:

For someone who just witnessed maybe the largest nationalization EVER you are pretty optimistic.

I think all of Russia in 1917 was worth less than what became public property in the US last week.

Plus, I know the history of enough “bubbles” to know the difference between a few manic investors and a systemic crisis.

But I do not need to argue with you, pretending that you cared to make an argument, I am putting my money where my mouth is and start betting against the dollar.

Which means, my Aston Martin DB7 will come out of your pocket.

I´ll send you a picture.

This is not over. This is the beginning.
[/quote]

LOL - you’re going to short the dollar now?

[orion]

[quote]rainjack wrote:
orion wrote:

For someone who just witnessed maybe the largest nationalization EVER you are pretty optimistic.

I think all of Russia in 1917 was worth less than what became public property in the US last week.

Plus, I know the history of enough “bubbles” to know the difference between a few manic investors and a systemic crisis.

But I do not need to argue with you, pretending that you cared to make an argument, I am putting my money where my mouth is and start betting against the dollar.

Which means, my Aston Martin DB7 will come out of your pocket.

I´ll send you a picture.

This is not over. This is the beginning.

You have been preaching that same tired story for a couple of years now.

Was it at the beginning then, or now? Pick one, and admit you were lying then or lying now.

The nationalization is nothing but an idea right now. Congress has yet to take action on anything.

Thanks for supporting the US with your Automotive purchase. Seems that admitting to buying a 10-year old car is the same as saying you aren’t expecting to profit much from your financial genius.

[/quote]

I am preaching this story for 1,5 years now and I am ashamed that it took me so long to see.

That is not exactly a long time.

In fact that is no time at all.

And look! It is already happening.

To describe a DB7 as a 10 year old car is just mean.

[orion]

[quote]doubleh wrote:
orion wrote:
rainjack wrote:
orion wrote:
rainjack wrote:
orion wrote:

For someone who just witnessed maybe the largest nationalization EVER you are pretty optimistic.

I think all of Russia in 1917 was worth less than what became public property in the US last week.

Plus, I know the history of enough “bubbles” to know the difference between a few manic investors and a systemic crisis.

But I do not need to argue with you, pretending that you cared to make an argument, I am putting my money where my mouth is and start betting against the dollar.

Which means, my Aston Martin DB7 will come out of your pocket.

I´ll send you a picture.

This is not over. This is the beginning.

LOL - you’re going to short the dollar now?
[/quote]

Nay, I am buying Austrian real estate with a dollar mortgage and pay the interest with the rent.

If the dollar drops I switch my mortgage to Swiss Francs and keep the difference.

If not, it was a mediocre business deal.

[rainjack]

[quote]orion wrote:
rainjack wrote:
orion wrote:

For someone who just witnessed maybe the largest nationalization EVER you are pretty optimistic.

I think all of Russia in 1917 was worth less than what became public property in the US last week.

Plus, I know the history of enough “bubbles” to know the difference between a few manic investors and a systemic crisis.

But I do not need to argue with you, pretending that you cared to make an argument, I am putting my money where my mouth is and start betting against the dollar.

Which means, my Aston Martin DB7 will come out of your pocket.

I´ll send you a picture.

This is not over. This is the beginning.

You have been preaching that same tired story for a couple of years now.

Was it at the beginning then, or now? Pick one, and admit you were lying then or lying now.

The nationalization is nothing but an idea right now. Congress has yet to take action on anything.

Thanks for supporting the US with your Automotive purchase. Seems that admitting to buying a 10-year old car is the same as saying you aren’t expecting to profit much from your financial genius.

I am preaching this story for 1,5 years now and I am ashamed that it took me so long to see.

That is not exactly a long time.

In fact that is no time at all.

And look! It is already happening.

To describe a DB7 as a 10 year old car is just mean.

[/quote]

And it’s just a glorified Ford.

[pat]

[quote]rainjack wrote:
orion wrote:
rainjack wrote:
orion wrote:

For someone who just witnessed maybe the largest nationalization EVER you are pretty optimistic.

I think all of Russia in 1917 was worth less than what became public property in the US last week.

Plus, I know the history of enough “bubbles” to know the difference between a few manic investors and a systemic crisis.

But I do not need to argue with you, pretending that you cared to make an argument, I am putting my money where my mouth is and start betting against the dollar.

Which means, my Aston Martin DB7 will come out of your pocket.

I´ll send you a picture.

This is not over. This is the beginning.

You have been preaching that same tired story for a couple of years now.

Was it at the beginning then, or now? Pick one, and admit you were lying then or lying now.

The nationalization is nothing but an idea right now. Congress has yet to take action on anything.

Thanks for supporting the US with your Automotive purchase. Seems that admitting to buying a 10-year old car is the same as saying you aren’t expecting to profit much from your financial genius.

I am preaching this story for 1,5 years now and I am ashamed that it took me so long to see.

That is not exactly a long time.

In fact that is no time at all.

And look! It is already happening.

To describe a DB7 as a 10 year old car is just mean.

And it’s just a glorified Ford.
[/quote]

Ouch…Even the DB9 is a bit old by now.