United States Heading towards a Depression?

Discussion in 'Politics & Religion' started by decoyjames, Dec 27, 2007.

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  1. wisdomtool

    wisdomtool Moderator Staff

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    #1241
    I care because I wanted to enter, but with them pushing up the prices, no way I can enter the market at a reasonable pricing :(


     
    wisdomtool, Apr 13, 2008 IP
  2. guerilla

    guerilla Notable Member

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    #1242
    Stay or get debt free, and keep accumulating capital. Enter the market when it has hit the trough, not before. Not unless you like playing Russian Roulette with your money.

    In the interest of disclosure, I'm no speculator.
     
    guerilla, Apr 13, 2008 IP
  3. smatts9

    smatts9 Active Member

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    #1243
    Enter? As in go long?

    I sold short more WM @ $13.07, take advantage of the "retardedness" out there. :cool: ;)
     
    smatts9, Apr 13, 2008 IP
  4. bogart

    bogart Notable Member

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    #1244
    Wachovia posted a 20 cent per share loss and will reduce its quarterly dividend 41 percent to 37.5 cents per share

    How is Wachovia paying a dividend when they are losing money? :confused:

    http://news.yahoo.com/s/nm/20080414/bs_nm/wachovia_results_dc;_ylt=Ao7ynYFUTzlmRhIWCr8o5qis0NUE
     
    bogart, Apr 14, 2008 IP
  5. guerilla

    guerilla Notable Member

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    #1245
    guerilla, Apr 14, 2008 IP
  6. bogart

    bogart Notable Member

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    #1246
    It doesn't seem kosher that Wachovia's reported loss is only $393 million
     
    bogart, Apr 14, 2008 IP
  7. wisdomtool

    wisdomtool Moderator Staff

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    #1247
    Do you mean per day or per month? :)

     
    wisdomtool, Apr 14, 2008 IP
  8. korr

    korr Peon

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    #1248
    What do the bulls think of this chart, showing the total number of "non-borrowed" reserves in the credit crunch?

    [​IMG]

    The U.S. banking system is essentially bankrupt, but don't worry! The Federal Reserve will just keep printing more money! If their plan works, we might be able to turn a credit crunch / crisis into a dollar crisis.
     
    korr, Apr 14, 2008 IP
  9. wisdomtool

    wisdomtool Moderator Staff

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    #1249
    What I do not understand is what essentially cause that huge dip at 2008?

     
    wisdomtool, Apr 14, 2008 IP
  10. korr

    korr Peon

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    #1250
    The reserves were based on mortgages, mortgage derivatives, and massively leveraged investment bets. When the markets tried to put a "real value" to the assets, the nominal value of the financial system deflated radically.

    The Federal Reserve is desperately trying to reflate, but its not sticking. Your savings account, checking account, ATMs - they're all backed by an inflationary loan from the Fed. :eek:
     
    korr, Apr 14, 2008 IP
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  11. guerilla

    guerilla Notable Member

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    #1251
    Nice article from Robert Murphy,

    Did the Fed Cause the Housing Bubble?
    http://mises.org/story/2936

    Excerpt
     
    guerilla, Apr 14, 2008 IP
  12. korr

    korr Peon

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    #1252
    How could anyone still be questioning the Fed's role in this? When the Federal Reserve sets interest rates, it basically tells the markets where the best investments are at. The sheep follow the shepherd and here we are...
     
    korr, Apr 14, 2008 IP
  13. wisdomtool

    wisdomtool Moderator Staff

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    #1253
    No, the Fed definitely isn't to be blame for it, especially Greenspan, blame it on the computer simulations that does not take into account the risks. Definitely nothing to do with Greenspan and his successors.

     
    wisdomtool, Apr 14, 2008 IP
  14. smatts9

    smatts9 Active Member

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    #1254
    [​IMG]
     
    smatts9, Apr 14, 2008 IP
  15. guerilla

    guerilla Notable Member

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    #1255
    smatts9, bigger image please. My eyes aren't what they used to be!
     
    guerilla, Apr 14, 2008 IP
  16. wisdomtool

    wisdomtool Moderator Staff

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    #1256
    Do someone has the BBC interview with Greenspan's friend? Any url etc. Then you will realize how innocent Greenspan is. Pity I didn't recorded it.
     
    wisdomtool, Apr 14, 2008 IP
  17. korr

    korr Peon

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    #1257
    Click it! It links to the full size version ;)

    Where are the banks going to come up with $150 billion to pay their loans, especially since that next chart shows that this whole 2007-2008 mess is just a preview of the 2010-2011 mess??!

    IMO the Federal Reserve is behind this housing bubble and the resulting credit crisis. I don't necessarily think it was intentional, but it seems like the stated purpose of the institution is beyond the scope of any individual, board, or agency whatsoever. Their intervention was too aggressive and the negative consequences weren't calculated or underestimated.
     
    korr, Apr 14, 2008 IP
  18. wisdomtool

    wisdomtool Moderator Staff

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    #1258
    Wait for Bernanke Helicopter to distribute the cash? :)

     
    wisdomtool, Apr 14, 2008 IP
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  19. guerilla

    guerilla Notable Member

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    #1259
    I had to hax0r the link, I have forum images turned off, so I was only getting the hyperlink to the thumbnail!
     
    guerilla, Apr 14, 2008 IP
  20. guerilla

    guerilla Notable Member

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    #1260
    This one will put a smile on your face.















    [​IMG]
     
    guerilla, Apr 14, 2008 IP
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