Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, October 8, 2008

what a load of nonsense

I couldn't take the debates last night, but seriously did they really say Warren buffet was who McCain thought should be treasury Secretary....

what a stupid.........

no wonder I skipped it.

McCain really is a dip shit.

10 comments:

tradewell said...

Warren what, warren what??

Eric said...

sorry... shows how tired I am...

McCain said warren buffet should be treasury secretary.

which is the least likely thing in the world.

tradewell said...

Lol
pretty idiotic, even

Who are you going to vote for?

Eric said...

that is just crazy talk.... I'm a socialist. who do you think..

we need the new new deal... massive spending ridiculous rescues, tighten our belts. Massive regulation of buisness. We need to help enable unions. Socialized medicine. We need it all.... Yesterday.

don't think I'm kidding.

tradewell said...

So you're not joking? and going into it with open eyes and being honest with yourself?

I loved living in the USSR. Of course, I was just a kid but remember people were happy around me. Have pictures to prove it :)

And I love present-day Germany and France. Planning to move there next year.

Canada has soc/cap hybrid that strangely mixes the worst of both worlds.

Eric said...

my philosophy is very eastern. Truth is we need both Yin and Yang.

It's like all this financial crisis was caused by deregulation. if the capitalists would accept small amounts of Socialist controls, understanding that they are greedy humans, they wouldn't now be standing below the Jackboot of the FDIC, Treasury, and Federal reserve.

And if socialists would understand the Government control is inefficient, and many things are best left for markets... because you cant get rid of them.

there is no utopia... just healthy balance. And honestly the best thing for the government is complete gridlock. I'd say that everything passed in government should be done with 3 different parties, and by 2/3rds majority... if just about everyone doesn't agree. it probably doesn't need to be done.

tradewell said...

Your 2-party system is shocking. I think just about everyone else (in semi-free world) has a whole bunch of parties. Of course, there are always obvious leaders, but there's a wider gamut of opinions and choices. That seems healthier.

As well, voting for a representative of a representative, and not for a concrete person-candidate for president is just weird. What if you like the candidate, but hate the guy who represents him in your district?I might have said this already, but it's pretty strange.

Do you have health insurance? do you pay for it from your pocket?

Eric said...

you can't get me going about our healthcare. It's proof of how capitalism is a complete failure. 90% of your money goes to fighting claims.

GOD(you know I hate that term) help anyone who has our health care system and who actually has anything but a broken arm. You need an army of lawyers and 400 hours of time just to get them to pay any claim over 3 grand.

then on to insurance.... What a fucking scam.

tradewell said...

That's the definition of capitalism: every man for himself - is it not?

What's the main objection true capitalists have against socialism? From what I see bureaucracy, exists no matter what regime so that can't be it.

Eric said...

I wouldn't say that... I think Markets are healthy. Supply demand is healthy.

I keep trying to point out this "catch-22" circular logic they are all in.

It's like Kudlow... No government intervention Unless it's "PRO" business. then he is all about socialism..... It's just Narcissism.

and you have to separate narcissism from capitalism.

and the more we fuck with the fed funds rate, the more we have to fuck with the fed funds rate.

it's a self fulfilling prophesy.

The return on money should be 7-8 % and if the fed funds rate pushed everything to that point, we could get 20% out of equities.

But here we are fucking around with 1.5% again...... Just to get bond rates out of the 12% range.... and do we have a choice? no....

and if they are smart they will keep equities in the 9-12K range for 5 years, by hiking the fed funds rate every chance they get.

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