Stocks would be 50% lower without BUBBLE ben bernanke!!

Quote from Bob111:

in 'ideal' capitalist country the role of the government should be very simple -to protect individual rights. that it. not manipulate markets with 'stimulus'.
i will be perfectly fine without it. in 2007-09 and now.
fuckers like BAC would be history by now. good,stable,friendly
LOCAL banks would survive.
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much easier for the government (obama and his thieves) to force banks to allocate credit to their cronies or to follow government goals if there are 5 banks and not 5000 banks.
 
I agree with this completely but would add one thing. The counterfeit bid is holding up pretty much every market and preventing all of them from reaching prices that will clear them: Housing, treasuries, gold, silver, oil. There has to be some creative destruction or we will just peg it all until it simply explodes.

This is very unhealthy rigging of every asset class. It will not end well.

Quote from denner:

Sarcasm aside, 5-10 years ago trash talking the actions of the Fed and their incessant "need" to inflate asset prices was considered "tin hat" material. The fawning over Greenspan was ridiculous, but until the shit show of 2008, all the perma-bull monkey's really believed the guy walked on water. Anyone remember the streak of absolutely NO downside volatility between 2004-08...it was record setting.

The cognotive dissonance created with these asset pumping policies are very hard to break...Even when we are on the umpteenth iteration of "QE", the rally monkey's will front run the bullshit and leak rumor after rumor to garner that transitory edge.

It's well past time that the equity markets be allowed to stand on their own and the "adults" who have some stake in the market allowed to make their own buy and sell decisions based on reality, not some permanent counterfeiting bid underneath the market.
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Quote from darkhorse:

And if yer aunt had balls she'd be yer uncle...
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Considering the content of the OP's thread and the vacuous logic undermining the science behind the point - this is clearly the most lucid and smart response I have seen in some time on ET.

Brilliant.
 
and this is why perma-bears will be losers in the end. There are too many powerful forces trying to keep equities up. Betting against those forces in the long term is a loser's game.

that's why my retirement accounts, which are on a 25+ year horizon, are net long equities.
 
Quote from zdreg:

"The central bank and government attempts to break this cycle with monetary and fiscal policy."
it cannot be done.

it is natural for economies to have up and down cycles. the down cycles are there to rid the economy of excesses which came about in the previous up cycle. central banks cannot change this reality. they can postpone the down cycle by creating ever larger bubbles. at some point the currencv, because of money printing, is debased out of existence or the bubble created by central bank busts and the damage is much greater than if they had done nothing.
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May I ask where you got your economics PHD?

If you want to challenge the conventional economic wisdom of monetary easing during economic down cycles, you best have some impressive credentials.

The arrogance of the ignorant masses never ceases to amaze me. I'm no professor of economics so I'll defer to the likes of Bernake and his team, who are all vastly more knowledable in the subject than I am.
 
you should start by writing PhD correctly.

"If you want to challenge the conventional economic wisdom of monetary easing during economic down cycles, you best have some impressive credentials."

start by studing milton friedman.
 
"If you want to challenge the conventional economic wisdom of monetary easing during economic down cycles, you best have some impressive credentials."

start by studying milton friedman.
 
Quote from bone:

Considering the content of the OP's thread and the vacuous logic undermining the science behind the point - this is clearly the most lucid and smart response I have seen in some time on ET.

Brilliant.
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Wow... Your a class A dipshit. :eek:

Everyone knows that Bernanke saved the economy with easing. Everyone was skeptical at first but it's working for a bit.

The ironic part is that the stock market is actually as low as the OP thinks it should be... Inflation adjusted. :D


If Bernanke wasn't around with his promise of support... The markets would crash to below 1000 S&P by tomorrow... Everyone knows it. Hedge fund managers, bankers, and even college teachers I talked to years ago...

Bernanke's big bet to save the financial system through QE... Everyone knew the gamble had potential to blow up the currency, but everyone was surprised by how well it worked. And, the currency didn't get completely blown up!
 
Actually... If Bernanke hadn't stepped in with his big QE gamble to save the system... The S&P would be trading around 250-500 right now and we would be in a great depression.

Fact... :cool:
 
Quote from RangeTrader:

Actually... If Bernanke hadn't stepped in with his big QE gamble to save the system... The S&P would be trading around 250-500 right now and we would be in a great depression.

Fact... :cool:
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This is probably true. And I think it is a good thing he did. I've been doing research on a lot of manufacturing firms recently. In 2008, the world truly stopped for these guys as they couldn't even get daily funding to make payrolls, pay rent, etc.

The OP and others on here sound upset that civilization as we know continues to persist.
 
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