Will Bernanke's Speech Crater the Market?

[Landis82]

Quote from achilles28:

You run around here acting as if your Perma-Dove Call was right all along.

When in fact, that low-rate policy created this whole fuck up, to begin with.

They should have raised and crashed back in 05. There was no choice. This outcome is certainly better, eh?

DOW at what? 9K and falling?

The longer rates are held at retarded levels, the higher the leverage, the more the excesses and the deeper the losses/bankruptcies when the music stops.

If Bernacke had raised when he should have, a lot of the severity - we have yet to see - could and would have been avoided.

Would it have been a cake walk? Of course not.

No recession is. But raising would have produced far more desirable results than we're about to witness.

You are a complete MORON times 10.

You obviously have zero understanding about counter-party risk let alone the fact that there is nearly $70 TRILLION dollars out there in credit default swaps that have lead to a "frozen" banking system, an illiquid commercial paper market, collapsing GLOBAL equity markets and a highly DEFLATIONARY economic situation.

Leave it to you to talk about interest rates in 2005 and yet blame Bernanke for the current situation - - - even though the FACT that Bernanke wasn't appointed till February of 2006 appears to escape your "pea-size" brain.

You sound like the idiots during 1929-1933 that allowed M2 to shrink by one-third, essentially raising rates during a total economic MELTDOWN because they stubbornly remained loyal to regulations that required partial gold backing of credit in the form of Federal Reserve demand notes - - - which was a miserably failed monetary policy given that the bankiing panic created redemptions of Federal Reserve gold, thus reducing the Fed's limit on allowable credit. As a result, it sent unemployment to 24%. Is that what you want?

Actually, I am not surprised that there is someone such as yourself "cheerleading" a total economic CRASH and MELTDOWN with unemployment going through the roof - - - after all, this is ET.

Home of some of the most ignorant and naive simpleton's known to mankind.

Congratulations for looking like a total FOOL, yet again.

You and your "buddy" Aaron Copulator ( the photo-shop "paper-trading" king ) should start a club together.

 

[The Kin]

Quote from Landis82:

You are a complete MORON times 10.

You obviously have zero understanding about counter-party risk let alone the fact that there is nearly $70 TRILLION dollars out there in credit default swaps that have lead to a "frozen" banking system, an illiquid commercial paper market, collapsing GLOBAL equity markets and a highly DEFLATIONARY economic situation.

Leave it to you to talk about interest rates in 2005 and yet blame Bernanke for the current situation - - - even though the FACT that Bernanke wasn't appointed till February of 2006 appears to escape your "pea-size" brain.

You sound like the idiots during 1929-1933 that allowed M2 to shrink by one-third, essentially raising rates during a total economic MELTDOWN because they stubbornly remained loyal to regulations that required partial gold backing of credit in the form of Federal Reserve demand notes - - - which was a miserably failed monetary policy given that the bankiing panic created redemptions of Federal Reserve gold, thus reducing the Fed's limit on allowable credit. As a result, it sent unemployment to 24%. Is that what you want?

Actually, I am not surprised that there is someone such as yourself "cheerleading" a total economic CRASH and MELTDOWN with unemployment going through the roof - - - after all, this is ET.

Home of some of the most ignorant and naive simpleton's known to mankind.

Congratulations for looking like a total FOOL, yet again.

You and your "buddy" Aaron Copulator ( the photo-shop "paper-trading" king ) should start a club together.

Wow. Landis knows what he is talking about and sounds really pissed off. :eek:

 

[makloda]

Wow - that rant reminded me of...