| Re: GOP Tax Cut Stagflation Not Working Out for Wall Street |
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Group: alt.philosophy · Group Profile
Author: Rod SpeedRod 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.
> 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).
Yes, but its only a tiny subset of the chinese that can do that by mortgaging their house.
You clearly dont have a clue about those basics.
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