Stock market tanks- AS I PREDICTED
POSTED BY: SignyM
UPDATED: Saturday, March 14, 2026 22:58
VIEWED: 5717
PAGE 5 of 7
Oh yeah - just want to point out that my first very large gold purchase (which some people insist we can't do!, so I, apparently, have done the impossible) has more than tripled, while my second has more than doubled.
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Quote:
Originally posted by 1kiki:
could not resist ... just had to preserve this gem ...
AuRaptor
"Arrogance has nothing in the least bit to do with it, at all. Fact is, I'm overly humble."
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That's an AWESOME photo!
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and Syria looming
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Feh.. The economy is on FIRE, baby!
Y'all trippin'
Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
Resident USA Freedom Fundie
" AU, that was great, LOL!! " - Chrisisall
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Oh dear. Last time rappy said the economy was "on fire" it died a sudden death.
Curiously, rappy seems to be one step behind- again. Obama pulled the economy (as much as he was able, given the repubs in Congress) with fiscal policy, and Bernanke filled in where Obama couldn't- with quantitative easing (buying up banks' worth-less Treasuries and mortgage-backed assests, and giving the banks money). Hooray for free money for the banks! So full-on austerity was not the USA response, and we were spared the riots and 30%+ unemployment of southern Europe.
Instead, what we got was a stock bubble, followed by a nascent housing bubble (again). And it seems that if there's one thing rappy can sniff out, it's a bubble.
Since what happens to the economy is very policy-dependent (We can compare ourselves to the EU), what happens when the Fed STOPS pulling money out of its ass and throwing it to the banks?
Well, interest rates rise. The dollar goes up. Exports go down. Many emerging market currencies go down. Also, the yen goes down because they're doing QE now. Stocks go down. The USA housing boomlet is nipped in the bud... say goodbye to all of that real estate-backed wealth. Interesting times.
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Quote:
Originally posted by G:Quote:
Originally posted by AURaptor:
Feh.. The economy is on FIRE, baby!
Y'all trippin'
You have drone stock, don't ya? Figures!
Michael Moore has stock in Haliburton. Probably in BP oil , too.
Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
Resident USA Freedom Fundie
" AU, that was great, LOL!! " - Chrisisall
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Liar.
Oh, and BTW- that's Halliburton (with two l's)
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Moore's foundation bought (and then sold off) some Halliburton stock, so that Moore would have the right to attend stockholder meetings, with the intent of questioning Halliburton execs.
So, for once, rappy boy is kinda sorta correct - but in a way that makes him as wrong as ever.
Poor kid. Just doesn't get it...
"Goram it kid, let's frak this thing and go home! Engage!"
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Hmmmm... thinking ahead... the emerging markets and some of the BRICS (India, South Africa) have howled in protest over the wild currency fluctuations and are asking for consideration beyond USA national politics on the timing of the Fed's ending of QE3. The IMF has said (on behalf of Bernanke) "Tough noogies".
The yuan goes up because it's tied to the dollar. The petrodollar is given a new lease on life. Gold presumably goes down (altho nothing seems to discourage gold bugs.)
On the flip side, the USA is not the only world's actor:
The Germans want their gold back from the Treasury (as of early 2012) but the Treasury refused to let them have it, or even see all of it, or touch ANY of it. (They were shown one room of nine). The Germans were prolly preparing either for the introduction of a new Euro or possibly even a re-introduction of the Deutsche Mark. Since they're not getting their gold until 2020, I guess that's off the table!
China does what China does. They seem to be now focused on expanding their internal market (ie demand) and don't seem too invested either way in currency fluctuations.
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