The fake credit crunch according to experts

stock_trad3r · Jan 7, 2009

I may be right after all

http://www.lewrockwell.com/higgs/higgs102.html

As I said b4 I know pretty mcuh everything. I knew that all of this talk of credit crunch and liquiduty crisis was nosnense way back in June 2007.

however, I don't agree with ron paul at all.

R. Raskolnikov · Jan 7, 2009

Then why did you take long positions that are currently 50%+ underwater?

Quote from stock_trad3r:

I may be right after all

http://www.lewrockwell.com/higgs/higgs102.html

As I said b4 I know pretty mcuh everything.

stock_trad3r · Jan 7, 2009

Quote from R. Raskolnikov:

Then why did you take long positions that are currently 50%+ underwater?

Only one position of mine is down 50% from when I went long

Ivanovich · Jan 7, 2009

Because he only has one position.

Daal · Jan 7, 2009

The chart reflects people and companies drawing on credit lines, cards while they can, not a healthy sign by any means
I wouldn't get my information from leerockwell if I was getting paid for it, those guys are more interested in seeing confirming evidence that some dead economist is right rather than get the facts right

R. Raskolnikov · Jan 7, 2009

ok, even so, if you know everything about the markets, why did your ONE position end up down 50%? Shouldn't you have known better than to go long when you did?

Quote from stock_trad3r:

Only one position of mine is down 50% from when I went long

PAPA ROACH · Jan 7, 2009

Quote from stock_trad3r:

As I said b4 I know pretty mcuh everything.

I happen to think you are the dumbest literate person on the planet. Stupid fuck would be giving you way too much credit.

stock_trad3r · Jan 7, 2009

And from another source:

http://blog.mises.org/archives/008604.asp

and here

http://usredtory.wordpress.com/2008/12/21/fake-credit-crisis/

they even use the word 'fake'

However, I did support the bailouts and stimulus on the basis it would help the stock market go up and because we're in a deflationary situation.