| Re: GOP Tax Cut Stagflation Not Working Out for Wall Street |
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Group: alt.philosophy · Group Profile
Author: Fred WeissFred 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
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