Are we in a new bull market or are we gonna see new lows again in the near future?
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Anonymous2008-07-29 12:59
It's been a year since the sub-prime mortgage crisis and oil prices are beginning to pick up. Companies are taking the opportunity to recover and replenish their credit and brokers are supplying the demand. I don't think the next 10 years are going to be fine and dandy, unless we elect a libertarian president.
It was a classic piece of propaganda how the media and government convinced the people of the nation that the credit crisis was largely contained to subprime mortgages. People are watching many, many houses enter foreclosures across the spectrum of mortgages (subprime, alt-A, prime) and are STILL refusing to understand how wide the crisis really is.
After Jan 10th, 2009, all this talk of bailouts will CEASE. And then the real depth of the Great Depression II will yawn open in front of Mr and Mrs Dumbfuck American.
"I think that Wall Street is the villain in the things that happened in the subprime lending crisis and other areas where investigations and possible prosecution is going on." - John McCain
>>14
Considering the mainstream media makes a game of lying to you each and every day, where do YOU get your financial information? From Jim Cramer?
Yet another bank failed on Friday. That must ALSO not be true, since it was on a website ... the FDIC website. Well, I've blogged about it ... which instantly made it NOT TRUE! Taa daa!
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Anonymous2008-08-02 3:07
It's so fucking obviously the federal reserve and their wool over the eyes interest rates following the dot com bubble.
Also redcream shut the fuck up, it's all very well having the balls to tell people things they6 don't want to hear but using that as the entire basis for your argument is retarded. I found a sentence on robot9000 that describes you perfectly.
"Smug cynics who conflate actual analysis with automatically assuming the most depressing outcome and feel proud of themselves when they provide an answer that doesn't even stand up to the Turing test."