We're going to keep smoking crack until sanity returns

[SteveNYC]

Quote from Covertibility:

Nothing is improving and yet everyone is still trying the same damn thing and hoping for different results. Operation Twist? It makes no sense but hey, it's the Fed. Running an austerity program in a weak economy is like taking your foot off the gas pedal and believing the car will go faster. It's been shown in the past that it doesn't happen. But hey, the Citizens of Rock Ridge and the Europeans ignore history -- well the Citizens don't ignore history, they know relatively very little of anything outside of their bibles.

Operation R.E.T.A.R.D. (Republicans Elected To Advocate a Real Depression) appears to be in full swing ever since the Citizens of Rock Ridge voted in their favorite economically/historically/factually challenged brethren. The vote to fund the govt that failed last night will be voted on again tonight and if that fails then the govt is on its way to shutting down next week.

2.78% on a 30 year and people are worried about spending. The Brent Spence Bridge which has been cited to account for 3-4% of GDP is in really bad shape. And the republican response: Govt spending bad. Fixing bridges are bad as it means jobs will be created. Govt creates jobs?!?! It is rather treasonous to tank the economy to get elected. Then again these people rely on ignorance and fear to get elected. Sort of how America's Taliban (Christians) operate to fund their operations.

So where will the NBER officially claim the recession has started? The current quarter (Q3 2011) or Q4 ?

Someone should find out whether the machines in Greece are being retrofitted to taking the drachma again.

Prosperity will return when the crack runs out and sanity returns. Not happening anytime soon.

The current recession started on 4/30/11. We are about 5 months in.

Resistance around 11,250.

Then resistance around 11,900.

Then resistance around 12,500.

 

[oldtime]

Quote from denner:

I'm neither as I've mentioned many times on this forum. I'm not one to fall for this contrived "two party system".

check out the ABTI party, we don't have a website yet.

Things were going good till the left wing (those that vote) started taking over and the right wing (those who don't vote) became disinfranchised.

Oh yeah ABTI? Anybody But The Incumbant

 

[Lucrum]

Quote from denner:

The OP is a giant turd...

I can corroborate this statement.

 

[the1]

Funny but true. If you don't go to church and toss your money in the basket you're going to hell. Government elections/policies work the same way. "If we don't do 'this' the country will collapse." GS "too big to fail." That's laughable. Lehman failed. What happened? Nothing.

To Bernanke's credit the actions of the Fed, up to the QE policies did avert a depression but going forward there's nothing the Fed can do any longer that will help the economy get back on its feet. The Fed has to give the illusion it's doing "something." That's basically how the Fed operates -- one big illusion.

There is one and only one thing that will fix this economy ---->>> Time!

Quote from Covertibility:

Sort of how America's Taliban (Christians) operate to fund their operations.

 

[denner]

Quote from oldtime:

check out the ABTI party, we don't have a website yet.

Things were going good till the left wing (those that vote) started taking over and the right wing (those who don't vote) became disinfranchised.

Oh yeah ABTI? Anybody But The Incumbant

I agree. That's about the best that can be done until some sanity returns to the political process (if ever, not holding my breath). Without a fire to their asses, politicians get real cozy in their positions and are quick to sell out to the highest bidder.

 

[denner]

Quote from the1:

Funny but true. If you don't go to church and toss your money in the basket you're going to hell. Government elections/policies work the same way. "If we don't do 'this' the country will collapse." GS "too big to fail." That's laughable. Lehman failed. What happened? Nothing.

To Bernanke's credit the actions of the Fed, up to the QE policies did avert a depression but going forward there's nothing the Fed can do any longer that will help the economy get back on its feet. The Fed has to give the illusion it's doing "something." That's basically how the Fed operates -- one big illusion.

There is one and only one thing that will fix this economy ---->>> Time!

I've always found that "we avoided a depression" argument to really lack merit. Some months back we had Kassz and Olias repeating this pablum on a daily basis.

My retort is: what difference does it make if we "avert" a depression for a few years if we will inevitably fall into a depression soon thereafter? In the interim, we spend trillions, inflate prices in a stagnant economy and generally increase the misery so as to "create the appearance" of a functioning economy.

Nonetheless, the people who are rabid believers in this sort of stupidity are those who have a bunch of over-inflated assets that need perpetual ponzi finance to keep afloat.

 

[oldtime]

Quote from denner:

I've always found that "we avoided a depression" argument to really lack merit. Some months back we had Kassz and Olias repeating this pablum on a daily basis.

My retort is: what difference does it make if we "avert" a depression for a few years if we will inevitably fall into a depression soon thereafter? In the interim, we spend trillions, inflate prices in a stagnant economy and generally increase the misery so as to "create the appearance" of a functioning economy.

Nonetheless, the people who are rabid believers in this sort of stupidity are those who have a bunch of over-inflated assets that need perpetual ponzi finance to keep afloat.

I mean, when you think about it, the best way to redistribute wealth is just to let it all dissapear.

About the only over inflated asset a poor man owns is his wife's rear end.

 

[Lojanica]

Quote from oldtime:

I mean, when you think about it, the best way to redistribute wealth is just to let it all dissapear.

About the only over inflated asset a poor man owns is his wife's rear end.

Holy shit. I hurt myself laughing........

 

[budcampbell]

Quote from the1:

Funny but true. If you don't go to church and toss your money in the basket you're going to hell. Government elections/policies work the same way. "If we don't do 'this' the country will collapse." GS "too big to fail." That's laughable. Lehman failed. What happened? Nothing.

To Bernanke's credit the actions of the Fed, up to the QE policies did avert a depression but going forward there's nothing the Fed can do any longer that will help the economy get back on its feet. The Fed has to give the illusion it's doing "something." That's basically how the Fed operates -- one big illusion.

There is one and only one thing that will fix this economy ---->>> Time!

Time? It is running out, as this is running on three years with no sign of sustainable growth or reduction in unemployment.

 

[Tsing Tao]

Quote from denner:

Maybe we should dig up all your asinine "great time to buy real estate" posts at the height of the bubble.

Let me be the first to say that you are one stupid, fucking asshole. It would be poetic justice to see you and your kind living in a gutter somewhere.

Fuck your spending and fuck you.

+1