Things are getting dark

Watermark said:
NO END!!!!!!!

donkey.jpg
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The little bloke has a cross on his back - Palm Sunday legend.

The Donkey's Cross

"Bring me the colt of a donkey,"
was the Master's request.
A young donkey was brought to Jesus
to carry Him into Jerusalem.

A week later Jesus was ordered to be crucified.

The little donkey so loved the Lord that
he wanted to help Him carry the cross.
But alas, he was pushed away.

The sad little donkey waited to say
goodbye until nearly all had left.
As he turned to leave, the shadow of
the cross fell upon his back and shoulder.

And there it has remained,
a tribute to the loyalty and love
of the humblest of God's creatures.

Author unknown

Hey I might not be a believer but I like a good story.
 
evince said:
http://www.nysun.com/article/66268

How in the hell will the Rs blame this on the Dems?



After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market?

A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product."

Balestra Capital, a $350 million New York hedge fund, was up 3% for the past three market sessions, when the Dow Jones Industrials, spearheaded by widespread declines in financial stocks and fears of more billion-dollar-plus asset write-downs, tumbled more than 677 points, or about 4.5%. The Nasdaq fared worse, skidding about 7%, triggered by across-the-board declines in those fast-stepping technology stocks.

Balestra
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They found the way... its all President Obama's fault!
 
having three years to fix it and only making it worse?.....yes, that's Obama's fault......"give me four more years and I'll try to think of something!".......
 
Chapdog said:
I dont always get desh.. you have been talking market gloom for like 2years now... probably longer. Its not going to happen. we will have corrections as we always do. The housing market correction will end at some point because shelter is a necessity.

In terms of your pro tax increase.. and for all of you that think 2.6T annual tax receipts isnt enough for a small populous of 300M people your simply flat out socialists. its an absurd amount of money for what the government job should be.

Now if you want to tax the righ more thats fine.. but give the cuts back to the middle class. Poor already get off easy. it should be a wash. There is absolutely no need to collect more taxes.


1 Last thing.. only a fool would think the 90's historic bull market was the result of a tax increase. Did the tax increase help balance the budget? perhaps.. but there would have been no balance without the tech boom. So unless u think there is another golden boom around the corner to eliminate the pain of a tax increase on the middle class then I wouldnt be looking for it.
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oh chappy were are you now
 
gonzojournals said:
I'm not too worried about the economy-- first of all, the market may have taken a hit, but last week (I think, maybe two weeks ago) there was a day that set records for the amount of increase.

Not only that, but Desh likes to ignore that a great deal of economic success in the mid-late 90s came from Greenspan and the Fed., which Clinton frequently disagreed with but took the credit for Greenspan's successes.
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Fucking epic. I'm glad you bumped this Desh!

I am not too worried about the economy! LMAO And this guy was one of those who was smarter than everyone you know. Hilarious.
 
Superfreak said:
LMAO.... The Bush team did this? Right Desh.

This policy was heavily promoted under your beloved dear leader Clinton. You think the economy didn't benefit from this practice then? Bush may not have done anything to stop it..... but neither did any single Dem in DC. BOTH parties could have done something, neither chose to do so. Bottom line though is that the bulk of the responsibility lies with the borrower and lender. The industry didn't "wring Americans dry".... by and large most of those people wanted more home/car/toys than they could afford and they got burned when rates went up. The industry got burned because they did not act to stop the consumer from taking out loans they should have known would blow up.







This is NOT to say there weren't any predatory lending practices, but the consumer has a responsibility to live within their means AND to know what they are purchasing.
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but now we know about that SEC broker rule thingy huh.


the date on when they finally allowed some broker rules after years of stalling them coinsides pretty closely to the time I posted this tread.
 
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