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Bespoke: What's Washington Waiting For?
- Thread starter makloda
- Start date
Quote from Trader5287:
The problem is what do you do right now - today.
The protocol is ALWAYS intervene and cut. The reason has nothing at all to do with economics or whether it works or not. That's what overeducated fools worry about. Instead, psychology is what matters and I dont recall seeing it this bad. See, the only thing worse than bleeding George Washington would have been letting it get out that you didn't.
What world markets want is LEADERSHIP from and CONFIDENCE in US authorities. That's the message being sent by Nikkei, Dax and the YM and ES contracts that just closed. Instead what they got so far was those jackasses Pelosi and Bush handing out 800$
That $800 isnt going to do anything to the economy, I was listening to some fox programming on saturday morning and they did mention that the 2001 rebate plan worked well to stimulate the economy, I didnt do much research to see if it did or not but todays market and economy is a lot different than it was only 6 years ago. With consumers in debt already do you really think they are going to go out and spend that $800 on some new flat panel TV or be smart enough to pay off some credit card debt. I think they should have held off on this rebate, they seem to be trying to hard now from keeping the economy from going into a recession.
Quote from gnome:
"Waiting for Washington"? WHAT? You all think every reckless pussy investor is SUPPOSED to be bailed out by the Gummint?
I, as a "pussy investor", certainly don't need to be bailed out, nor do i think the Government should bail out other "pussy investors." But i do think action to prevent a huge swelling in the unemployed ranks is justified. I emphatically don't think, however, that dropping fiat money from crop dusters will be all that helpful.
Quote from gnome:
"Waiting for Washington"? WHAT? You all think every reckless pussy investor is SUPPOSED to be bailed out by the Gummint?
Get real - that isn't the right question. This is a political problem now. That crash in 1987 and the economic fallout ended the Republicans for over a decade and may well end them now. You don't want to fck with lifestyles of the investor class or be blamed by them.
Quote from libertad:
Economic Normalcy is when savings are rewarded at a rate at which living everyday lives for the average saver can happen.
The creation and propulsion of debt, and the favorable treatment thereof, versus that of savings, has steered the World´s economy away from a period of normalcy.
Valuation methods have even boiled down to the notion that
the true value is if the entity can cash flow, no matter how the cash is accounted for.
If this is the case, then why is there a day of economic reckoning hanging over everyone´s heads?
Productivity and Savings are key to getting back on the right economic track.
The only way to do this, is to either take the structure that is in place and adhere to its very underpinnings, or to change the structure itself.
Establishing core wealth all the way from the individual to the working corporate entities is now more than ever the name of the game...and thus getting anyone who still has money that Adam´s Invisible Hand has not already taken to believe the story.
In the case of the US, it should change the structure itself such that the changeover period can set the stage for a far better future economic environment, rather than just trying to adjust to more of the same...
Change the Structure
Replace the IRS with a consumption tax
Increase the use of the Internet in Government, Business, and Education
Eliminate oil as a useful resource
Make available on a regional basis, stock offerings which basically means no debt, interest free loans to the most worthwhile enterprises such that the cost of money leaves the productivity equation...
Enhance via the second level internet electronic stock exchanges which will make its shares available 24/7 worldwide for a nominal per transaction fee...
Mandate electric and nonfood competive sources of energy
Mandate wealth distribution by employee performance, and establish fairness on all pay levels.
The government is the problem. Get rid of as much of it as possible.
Socialism doesn't work.
John