are we in a recession?

[oldtime]

Quote from TGregg:

It's a common thing to see people make that choice with one exception, it also harms the chooser in the long run. Choice of path might be tobacco, narcotics, meth, booze, parking right next to the door to McDonald's three times a day, etc. Heck, look at the obesity epidemic in the US. People can't make the right choice between a third Big Mac or taking the stairs instead of the elevator.

Problem is, we've provided so many safety nets that (to paraphrase PJ O'Rourke) "We live in a whiffleball universe." Nothing bad really happens to us anymore. We do not have serious consequences to our actions, or at least not as serious as they used to be. As a result, we spend less time trying to figure out what might kill us and more time trying to figure out what feels really good.

who are these "people" you refer to? You mean all the people who are not as smart as you?

What's it like to be smarter than everybody else?

 

[TGregg]

Quote from oldtime:

who are these "people" you refer to? You mean all the people who are not as smart as you?

What's it like to be smarter than everybody else?

Guess I struck a nerve.

 

[toc]

Quote from oldtime:

so what is better? A wise benevolent dictator? A good king?

or maybe just another violent revolution and start the whole thing back up again?

Obviously, you are smart, and I aint that dumb, why are we doomed to bribery and corruption? Are we that weak that we just can't resist?

If I am given a choice will I always vote for what benefits me, even if it harms you and everyone else?

It is just one minded focus to stop, stall and sink the DEBT. How do you do it, by killing the deficit which done by balancing the budgets which is done by fiscal discipline and so and so on. HARD PILLS will have to be taken, I would not care if 20,000 people in Government or JP Morgan or GS or US Army or Home Depot etc. etc. are laid off one fine Monday morning. This happens again in next two weeks and so on and so on.

Do not want a benovalent dictator or a good king! Just want a Sargent from US Marine Corps who pulls the whip to reduce the debt. Near Extreme measures to be taken. US is very capable of pulling itself out of the mess in 5 years of hard economic drills.

One mind focus and desire and rest is the matter of will power and discipline.

 

[oldtime]

Quote from TGregg:

Guess I struck a nerve.

it's just simply a matter of math. Not everybody can be above average. As a matter of fact, by definition, most people are average. And I hate to tell you, that includes you and me.

 

[brokerboy]

i think bubble ben has no idea what he is doing and wants out. he can't say that and he always tells you in speeches you have to show confident's but Q3 has finished him. he feed the market Q3 and you hear people always say you can't fight the fed but what happens if Q3 does not work? He put Q3 out at the market highs too remember that. he is trying to reinvent economic theories and i think he is so over his head at this point.

 

[ammo]

Quote from toc:

It is just one minded focus to stop, stall and sink the DEBT. How do you do it, by killing the deficit which done by balancing the budgets which is done by fiscal discipline and so and so on. HARD PILLS will have to be taken, I would not care if 20,000 people in Government or JP Morgan or GS or US Army or Home Depot etc. etc. are laid off one fine Monday morning. This happens again in next two weeks and so on and so on.

Do not want a benovalent dictator or a good king! Just want a Sargent from US Marine Corps who pulls the whip to reduce the debt. Near Extreme measures to be taken. US is very capable of pulling itself out of the mess in 5 years of hard economic drills.

One mind focus and desire and rest is the matter of will power and discipline.

have little faith that that will happen under obama in the next 4,and willard says he can but politicians always say that while campaigning

 

[denner]

Quote from brokerboy:

i think bubble ben has no idea what he is doing and wants out. he can't say that and he always tells you in speeches you have to show confident's but Q3 has finished him. he feed the market Q3 and you hear people always say you can't fight the fed but what happens if Q3 does not work? He put Q3 out at the market highs too remember that. he is trying to reinvent economic theories and i think he is so over his head at this point.

Half the time I attribute the past 4 years of monetary policy to his dogmatic ideology that he wrote about back at Princeton..i.e. his "expertise" in The Great Depression and how not to repeat the same mistakes. The other half the time I seriously consider that the guy is under so much pressure from the guys pulling his strings that he literally has no option but to "follow the script", i.e. pump assets so aggressively to help out the financial institutions that are sitting on boatloads of dead real estate.

I think that he really believed his own bullshit back in 2008-09...that 60 Minutes interview 2 years ago showed a man who still thought he had some semblance of control, that there would come a time where he would pull back the reins and reduce the balance sheet...but as he has seen, each and every time there is even a HINT that the Fed isn't going to be all out turbodrive accomodative, the equity markets swoon. Each iteration has to be bolder, bigger, more open ended...and even then it's losing its efficacy.

 

[toc]

Quote from ammo:

have little faith that that will happen under obama in the next 4,and willard says he can but politicians always say that while campaigning

I don't care who gets elected Period!
Anyone who is in the White House better tackle the debt head on.


I ALREADY FORESEE & HEAR THE RUMBLE OF US MARINE CORPS M1 ABRAHMS ON THEIR WAY TO ENCIRCLE THE WH AND CAPITAL HILL.

HARD ECONOMIC DRILLS ARE THE NEW GAME IN TOWN

 

[TGregg]

Quote from toc:

I don't care who gets elected Period!
Anyone who is in the White House better tackle the debt head on.

Not a chance. Not one in a million. Maybe something equal to a Powerball win, but not much short of that. As a matter of fact, I would speculate that anyone who became president and was serious about reducing the debt (not deficit) would be assassinated. I suppose God Himself could descend from the heavens, demonstrate great miracles, turn most of us into believers in whatever flavor of religion He preferred, then told us all to vote for some Joe Sixpack who would then proceed to cut debt, then we could elect Joe.

Then he'd be shot dead on Inauguration Day.

 

[toc]

Quote from TGregg:

Not a chance. Not one in a million. Maybe something equal to a Powerball win, but not much short of that. As a matter of fact, I would speculate that anyone who became president and was serious about reducing the debt (not deficit) would be assassinated. I suppose God Himself could descend from the heavens, demonstrate great miracles, turn most of us into believers in whatever flavor of religion He preferred, then told us all to vote for some Joe Sixpack who would then proceed to cut debt, then we could elect Joe.

Then he'd be shot dead on Inauguration Day.

And the reasons behind this are? why would behind the scene powers want to stop a US President from reducing the debt.

If your points are correct then that is a BIGGER cause for M1-A1s to visit the DC and NY, political and financial capitals.