I think at this point, we can't yet hearken back to Weimar, Germany. And let's not hope that China starts calling in its loans, etc. because this country owes too much and well, in the end, look who rose to power after the Weimar government fell...
Anyway, I think right now, our situation is a little bit more like the stagflation of the 70's...Hmmm....that followed the heals of an act of aggression in a foreign country and it involved an oil shortage (or two). And then came Reagan....maybe it is kind of like a mini Weimar situation...
Try as he might, Berwanke's no Greenspan when it comes to wildly affecting the market with cryptic utterances. The best he can do is stumble and fumble along, heckuva-job-Brownie-style.
... be a gooder time to talk about accepting Dubya as your Personal Lord And Savior, since if the Evil Liberals do not vote for BushCheney2008, then of course, those SINISTER
Persian Pedal Powered Phlying pSaucers pOf Phear
will return to do SCARY THINGS.
{ yes, you saw that here first pVolks ...}
{ guess the majik letter win four more years... }
But without Dubya no one will be left to engage the NucleAr Merchantilism that will keep america American!!!
oh sure, just get all effemete point headed ivory tower on demanding that we all write things the way that the radical left wing tree huggers want them spelt. Just go ahead with that whole pinheaded extremist left wing thing if you want but we Support the Divine And Subline ways in which the Divine Miss Dubya is all that she can be...
Yes, and they bought that company's liabilities, which total a great deal more than 1.2 billion, with a guarantee from the Fed that if (when) those liabilities come due because of defaults on the underlying collateral, Morgan won't have to pay them.
Don't forget to write your letters on the back of money that will be printed only on one side to speed production. It will be cheaper to write your snail mail on money than to purchase stationary...or maybe (in this day and age) even bandwidth...
... did anyone else notice that the DOW opened up today, because last night the Holy Warriors to True Economics invoked the power of the Dubya, and the special incantations that stop the
Persian Pedal Powered Phlying pSaucerspOf Phear
thus defeating the defeatist spells and dark majik of their god hating america bashing vile Candian Voodoo Zombie Gay HomoZeXualist Pirating of the economy!!!!
This is why you evil reality based types will always lose.
If there were no pessimists (nay, realists), civilisation would collapse in a gooey mess of euphoric happiness as no one would be around to fix the mess left behind by blithe ignorance.
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Anyway, I think right now, our situation is a little bit more like the stagflation of the 70's...Hmmm....that followed the heals of an act of aggression in a foreign country and it involved an oil shortage (or two). And then came Reagan....maybe it is kind of like a mini Weimar situation...
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Bernanke took out student lonze for his daughter's college tuition. Some claim this is a signal for long-term inflation.
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Helicopter Ben has taken a thankless job. The next President will similarly spend 4 years in the barrel.
would this....
{ yes, you saw that here first pVolks ...}
{ guess the majik letter win four more years... }
But without Dubya no one will be left to engage the NucleAr Merchantilism that will keep america American!!!
Re: would this....
Re: would this....
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Bear pays most of their bonuses in stock, and employees own 30% of the company.
They're pretty much marked at $0 now.
JPM paid $200 million, for a company that owns a building (Manhattan real estate) worth 1.2 billion, just by itself.
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I'm suspecting this is 1) a quid pro quo for other favors from JP, and 2) a last-ditch effort to keep JP solvent.
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Book value is a mirage. Don't get sucked in.
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hey evil spawn of liberalism.....
This is why you evil reality based types will always lose.
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