Re: GOP Tax Cut Stagflation Not Working Out for Wall Street
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Re: GOP Tax Cut Stagflation Not Working Out for Wall Street         


Author: Fred Weiss
Date: Sep 16, 2008 07:53

On Sep 16, 12:15 am, "Sean" now.com.au> wrote:
> Yes Fred, but we need to take the long term view of such natural corrections
> in the markets role of the capitalist model, don't we? Surely this 60%% drop
> is a sign that the system is working correctly, yes?

Yes, in a way it is. However the real question is how "natural" was
the run-up to 6000. It was obviously a classic bubble, prompted to a
considerable degree by the policies of the Chinese gov't to bolster
the economy. The same thing happened to the other Asian economies,
including Japan, in the 1990's. The Japanese stock market has still
not recovered from that debacle.

All of this raises many - but really other - questions. I'm just
raising them here to address Brat's bizarre notion of "free speech on
economic issues" and his delusions regarding the Chinese economy which
he keeps mentioning as if he has the slightest idea what he's talking
about.

Fred Weiss
6 Comments
Re: GOP Tax Cut Stagflation Not Working Out for Wall Street         


Author: Sean
Date: Sep 16, 2008 18:29

"Fred Weiss" papertig.com> wrote in message
news:eda55d27-71e5-4b0c-94bb-1625077a408b@d77g2000hsb.googlegroups.com...
On Sep 16, 12:15 am, "Sean" now.com.au> wrote:
> Yes Fred, but we need to take the long term view of such natural
> corrections
> in the markets role of the capitalist model, don't we? Surely this 60%%
> drop
> is a sign that the system is working correctly, yes?

Yes, in a way it is. However the real question is how "natural" was
the run-up to 6000. It was obviously a classic bubble, prompted to a
considerable degree by the policies of the Chinese gov't to bolster
the economy. The same thing happened to the other Asian economies,
including Japan, in the 1990's. The Japanese stock market has still
not recovered from that debacle.

All of this raises many - but really other - questions. I'm just
raising them here to address Brat's bizarre notion of "free speech on
economic issues" and his delusions regarding the Chinese economy which
he keeps mentioning as if he has the slightest idea what he's talking
about.
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Re: GOP Tax Cut Stagflation Not Working Out for Wall Street         


Author: Fred Weiss
Date: Sep 17, 2008 03:01

On Sep 16, 9:29 pm, "Sean" now.com.au> wrote:
> I mean by this, exactly how *real* is any of this crap that goes on in any
> stock market in the world?

Aren't you seeing how very, very real it is - in some cases painfully
real - right now?
> re your comment that the market fell from 6000 to 2000 in China. The
> connection between that and the *real world* where people work, do business,
> and buy food is utterly void.

Not to those who were invested in the market - and to a considerable
extent many ordinary Chinese were. But you could tell that the top was
near when reports came out that Chinese were taking out mortgages on
their houses to invest in the market, That's the mentality of "it's a
sure thing" which was also present at the top of the real estate
market a year or two ago - and a sure sign of a bubble forming. (It's
"Tulip Bulb Mania" replayed over and over again).

Fred Weiss
no comments
Re: GOP Tax Cut Stagflation Not Working Out for Wall Street         


Author: Sean
Date: Sep 17, 2008 06:14

"Fred Weiss" papertig.com> wrote in message
news:d0a7b6ae-d5f9-4ba4-b562-2c0a07dbe115@w7g2000hsa.googlegroups.com...
On Sep 16, 9:29 pm, "Sean" now.com.au> wrote:
> I mean by this, exactly how *real* is any of this crap that goes on in any
> stock market in the world?

Aren't you seeing how very, very real it is - in some cases painfully
real - right now?
> re your comment that the market fell from 6000 to 2000 in China. The
> connection between that and the *real world* where people work, do
> business,
> and buy food is utterly void.

Not to those who were invested in the market - and to a considerable
extent many ordinary Chinese were. But you could tell that the top was
near when reports came out that Chinese were taking out mortgages on
their houses to invest in the market, That's the mentality of "it's a
sure thing" which was also present at the top of the real estate
market a year or two ago - and a sure sign of a bubble forming. (It's
"Tulip Bulb Mania" replayed over and over again).

Fred Weiss
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Re: GOP Tax Cut Stagflation Not Working Out for Wall Street         


Author: Rod Speed
Date: Sep 17, 2008 08:42

Fred Weiss papertig.com> wrote:
> On Sep 16, 9:29 pm, "Sean" now.com.au> wrote:
>
>> I mean by this, exactly how *real* is any of this crap that goes on
>> in any stock market in the world?
>
> Aren't you seeing how very, very real it is - in some cases painfully
> real - right now?
>
>> re your comment that the market fell from 6000 to 2000 in China. The
>> connection between that and the *real world* where people work, do
>> business, and buy food is utterly void.
>
> Not to those who were invested in the market - and
> to a considerable extent many ordinary Chinese were.

Nope, fuck all of them were.
> But you could tell that the top was near when reports came out that
> Chinese were taking out mortgages on their houses to invest in the market,

Fuck all of them own a house, so fuck all of them can mortgage it to play the market.
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Re: GOP Tax Cut Stagflation Not Working Out for Wall Street         


Author: BretCahill
Date: Sep 20, 2008 11:10

>> I mean by this, exactly how *real* is any of this crap that goes on in any
>> stock market in the world?
> Aren't you seeing how very, very real it is - in some cases painfully
> real - right now?

We're seeing how the Fed is using taxpayer money via regressive
stagflation to make it as painless as possible for the rich.

They'll do _anything_ rather than admit that free speech is a
precondition of a free market economy.

Bret Cahill
no comments
Re: GOP Tax Cut Stagflation Not Working Out for Wall Street         


Author: Fred Weiss
Date: Sep 20, 2008 20:58

On Sep 20, 2:10 pm, BretCah...@peoplepc.com wrote:
> They'll do _anything_ rather than admit that free speech is a
> precondition of a free market economy.

Oh? You wouldn't know it from the response of the world stock markets
on Friday. They all spoke in unison cheering the bail-out plans. Seems
to me they were clearing exercising their "free speech" in precisely
the way you claim you support.

Ahem...cough, cough....of course in Red China - your free speech
utopia - the gov't helped things along a bit with massive gov't stock
buying - hopefully to jump start a reversal of the 70%% collapse in
their stock market.

Fred Weiss
no comments

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