Going to be a bloodbath on wallstreet
- Thread starter Chapdog
- Start date
Sure it is. I definitely need to be reminded about that once in awhile, especially from the guy who said we didn't have to worry about days like today all last year, and told us how wrong we were about the warning signs.
Don't you ever get tired of being a complete buffoon?
So true. I mean, really, when you think about it - what is there to complain about? Everything is going so smoothly.
Spot on once again, gerber....
this reminds me SO much of the Iraq war debate. Libs told Bush voters that Iraq could be a disaster; a prophecy that bush voters laughed off. But, a couple years after the invasion Bush voters said "everybody knew" iraq was going to be "a long, hard slog". It's hard work!
It was mere months ago that the Very Serious People on Fox news were trumpeting the wonders of the Bush economy and the Bush economic policies. While Libs have warned for years that Bush was driving the Bus towards the cliff. And yet today, Bush voters appear to have known all along that a fiscal crises was in the making.
It was mere months ago that the Very Serious People on Fox news were trumpeting the wonders of the Bush economy and the Bush economic policies. While Libs have warned for years that Bush was driving the Bus towards the cliff. And yet today, Bush voters appear to have known all along that a fiscal crises was in the making.
You can usually listen to the Fox comentators, then plan on the exact opposit to happen in the comming months. Then tune in to hear them say, we told you so!
Whatever mistakes that were made in 1993, should have been corrected. Bush had seven years to correct any mistakes from the last administration, just like Clinton had 8 years to start to reverse the mistakes of the Reagan/Poppy Bush years. All presidents inherit mistakes that need correction.
As for the so-called recovery between 2002 and 2007, it was built on an illusion propped up by bad debt, massive borrowing, and bad policy. And because of that, it has set us on a course for a substantial meltdown, not just a garden variety "correction". I hope not; I hope we dodge a bullet. But Bush and his supporters drove the bus uncomfortably close to the edge of the cliff. It didn't have to be this way, and bush voters have been warned for years.
uscitizen
Villified User
yeah they are just cherry picking the bad nooz.
uscitizen
Villified User
yep that was Dixie's usefullness too, go the opposite way he said. It usually worked out fine.
The reason we are where we are today is human nature. During the 90’s everyone was buying tech stocks in 1999 with 75+ pe ratios.. follow the leader get rich quick dreams..
The difference in the 00’s was the industry.. housing got hot everyone putting money into homes.. get rich quick dreams… The difference however is that this time you can borrow against the appreciation unlike the stock market in the 90’s
Same mentality different industry.. more dangerous industry.
What industry will be next? Gold? Oil? Something will get hot everyone will follow in and lose their shirts when its tanks... its been going on for decades.
The difference in the 00’s was the industry.. housing got hot everyone putting money into homes.. get rich quick dreams… The difference however is that this time you can borrow against the appreciation unlike the stock market in the 90’s
Same mentality different industry.. more dangerous industry.
What industry will be next? Gold? Oil? Something will get hot everyone will follow in and lose their shirts when its tanks... its been going on for decades.