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Date Posted: 11:29:14 11/10/09 Tue
Author: Jeffman
Subject: Agreed
In reply to: Paul Davis 's message, "Things aren't looking up" on 18:16:00 11/09/09 Mon

Ive been watching all of the above. Looks like no one has learned a thing from the bubbles. Their answer to coming out of this is to just create some more bubbles. But these will be even more shortlived than the last.

I think its so hilareous that someone thinks that people have all this disposable income to spend to bring us out of this recession. You can thank the credit companies for lack of disposable income. People are in debt up to their eyeballs and the answer to this for the credit companies is to increase the interest rates and increase the minimum due from 2% to 4%. Any disposable income is being destroyed by this.

Things can improve but there needs to be a reset in the expectation of investment.

>Well, Roubini finally got around to noticing that the
>dollar is being used as a carry trade, with the
>connivance of the Fed and the Treasury. Nice if you
>can get it, free money in the US, drive down the
>dollar, that's 20% profit BEFORE you actually invest a
>penny. Then you get to demand high rates because
>nobody has any other money. And you repackage the
>whole deal into a "safe derivative" and sell it, bring
>the money back home so you have dollars, and laugh all
>the way to your cave. Others were talking about this
>first, but for some reason Roubini has more
>credibility than anyone else, guess it's that
>professor thing.
>
> >href="http://www.ft.com/cms/s/0/9a5b3216-c70b-11de-bb6f
>-00144feab49a.html">http://www.ft.com/cms/s/0/9a5b3216-
>c70b-11de-bb6f-00144feab49a.html
>
>He's also worrying about oil prices - which are being
>driven up and down by the above.
>
> >href="http://www.cnbc.com/id/33626382/site/14081545/for
>/cnbc/">http://www.cnbc.com/id/33626382/site/14081545/f
>or/cnbc/
>
>Anything in all that sound familiar? Apart from
>betting they can make a dollar worthless, and pull out
>before the rebound, rather than betting they can
>persuade a guy making 40K per year to buy a 500K
>house, it's the same deal as the last deal. And the
>next bust won't have all the bailouts, because the
>taxpayers will absolutely revolt when it's brought up.
> Nobody is going to want to see the teabaggers become
>an actual credible force, rather than a farce.
>
>On top of all that, the crazy thing about "the
>consumer will spend like mad, and drag us out of the
>recession" keeps getting kicked in the teeth.
>
> >href="http://edition.cnn.com/2009/OPINION/11/06/stimulu
>s.jobs/">http://edition.cnn.com/2009/OPINION/11/06/stim
>ulus.jobs/
>
>Reality bites, doesn't it?
>
>Plus, now you can be framed for kiddie porn, even if
>you've never seen any in your entire life.
>
> >href="http://www.digitaljournal.com/article/281849">htt
>p://www.digitaljournal.com/article/281849
>
>Of course, that won't add anything to stress on
>anything, financial or otherwise. Perfect timing.

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