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rufusmcbufus Comments (30)
 
Wall Street can kiss my ass. TARP was a massive travesty of justice. And you, stockcreeper, deserve a serious ass kicking.
-rufus
9 Sep 2011, 01:39 PM Reply Like

Jason Farkas Comments (85)
 
Good grief, I don't know where to start. How about with this gem, "The bond market is begging policy makers to spend with impunity."

I guess your point is that rates are low so the government should borrow more money. Typical Keynesian claptrap.

Then there's this nonsense, "Contrary to popular myth, QE2 didn't merely prop-up asset prices, but also bolstered underlying fundamentals." If QE2 was so "successful" then why would additional Fed so-called "stimulus" be needed? More Keynesian claptrap.

"A surging stock market also improves business confidence and consumer spending via the wealth effect."

"Keep spending, American consumer.. Do your part."

Oh, I get it. It's possible to spend your way to prosperity. The path to financial success is to spend less and save more, not vice versa.

"It's time to promote capitalism and free market, not class warfare and spreading the wealth around."

So, having the government spend money it doesn't have, and having the Fed buy Treasury securities is promoting capitalism and free markets?

Here's a better plan in the real world:

1. Recognize that the U.S. government and Fed have inflated and spent money that they don't have, and that this is unsustainable.

2. Recognize that we need a major recession/depression to disgorge all of the malinvestments created in the inflationary boom.

3. Balance the budget and end the Fed.

4. Deal with the consequences of unwinding the debt boom now before the problems get any bigger.
9 Sep 2011, 05:32 PM Reply Like

Shippo Comment (1)
 
"It's optimal for economic growth to privative gains and socialize losses, to pick winner and losers. Don't like having to bailout the banks? Tough shit, but would you like a great depression or dow 6000? So pick your poison."

This is the most outrageous sentence I have read in the last four years. Iceland is the only country in the world doing its job right now throwing bankers and corrupt politiciants in jail. Woes for the USA will not end until it starts its own cleansing.

Banks bailed out and people on the streets. And you defend that. That is not free market, that is the hijacking of the state by Wall Street. Bloody outrageous.
9 Sep 2011, 05:43 PM Reply Like

Frznghost Comment (1)
 
Real interest rates below 0% for years, TARP and stimulus packages, bailouts of AIG, Freddie and Fannie Mae, extended Bush tax cuts, 2 rounds (so far) of QE. Jeez, the economy should be booming and the markets should be in the stratosphere REGARDLESS of politics. But it isn't. It's barely sputtering. Doesn't that make you think just a little?

And speaking of QE or "monetizing the debt"... How the hell do you think its so good that the Federal Reserve should be the primary buyer at U.S. treasury bond auctions, simply because the sane and rational have left a long time ago? Would you seriously lend money to this government and expect to see it back again WITH the same amount of purchasing power?
9 Sep 2011, 05:46 PM Reply Like

bbqwhales Comments (3)
 
Whats with the picture of beck? - Someone fire this CLOWN.
9 Sep 2011, 06:49 PM Reply Like

rdd Comments (58)
 
What part of the last two years have you missed?

Geithner and Bernanke have been entirely focused on Wall Street. It has been a near-record rebound from the 2009 lows over the past two years based on unprecedented central bank moves, a complete waiver on investigations by the Federal government, and massive inflows of capital from Treasury.

What has this accomplished? We still have depression-level unemployment with substantial risk of additional job losses over the next year.

Bernanke, Geithner, and Congress need to stop trying to shovel money into Wall Street and look to improve the fundamental employment base in this country, including manufacturing.
10 Sep 2011, 11:58 AM Reply Like

straydog01 Comments (2)
 
Boooo, get this clown off the stage!!! I'm embarrassed for you stock_clown, I mean stock_creep, I mean stock_creeper. You are a very confused young man, and this market volatility has obviously got your head spinning. You are obviously in over your head with this article and have no understanding of anything you wrote about. Your ideas and the terminology that you use are completely contradictory. For example, "It's optimal for economic growth to privative gains and socialize losses, to pick winner and losers." Then you state, "It's time to promote capitalism and free market, not class warfare and spreading the wealth around."

Here's a piece of advice I learned from a wise man: If you don't know something, just say you don't know. Don't BS me.

For those who are interested in sound investing visit: silversaver.com/share/...
11 Sep 2011, 11:22 AM Reply Like

Jean-Francois Morf Comments (39)
 
The 1% plutocrats kleptocrats created more then 46 million new poor, homeless, jobless, hopeless for transforming themselves from billionaires into multi-billionaires: this is class warfare! Did the billionaires work their billions, or stole them to the middle class? Because all wealth is monopolized by the 1%, the 99% can neither invest nor consume! And because the billionaires are in tax heavens, the government can neither invest nor consume!
30 Oct 2011, 08:21 AM Reply Like

wheezer77 Comment (1)
 
It's been years since Wall Street actually reflected the economy or contributed in any real way to Main Street Americans. It has become a suckers game with HFTs and math whizzes creating every more obscure and speculative programs gaming the system to reap profits while encouraging traditional investors to "spin the wheel" telling them that The Street is the only way they can make enough to get ahead of inflation. Americans already are realizing that they can't compete and are increasingly distrustful of the crony socialists. This cannot end well.
31 Oct 2011, 11:36 PM Reply Like