Whats The Score On Wall Street? - GoFuckYourself.com

Vendot · 09-21-2008, 03:21 AM

This bail out is going to add trillions to the national debt, so when all is said and done the deficit could rise to almost $13 Trillion or more if those assets decrease in value and more bail outs happen.

In the long term higher inflation, sure the dollar should collapse (its only just holding onto reserve currency status) so what do you see for the dollar?

What do you see for how the markets will respond on Monday after Friday's rally? Can the market be happy now that the debt is being piled into the national debt? Can the US government keeping bailing people out and how do they decide who will be or wont be?

I mean whats the fucking score?

borked · 09-21-2008, 10:56 AM

I'll tell you on Monday ;)

zEn84 · 09-21-2008, 11:32 AM

The rally was pure artificial. This problem isn't going to be cured over night. Putting a ban on short selling I don't think will do any good. At least its temporary, though probably it will be extended. Its just not natural, its healthy for an economy to have pull backs, no matter how tough it gets..

Honestly, the oldest company on wall st went belly up, its not rocket science that shits going to hit the fan. Though this easily could have been prevented, but too late now, its going to take some years to fix..

Vendot · 09-21-2008, 02:19 PM

I agree.... A lot of the commentary is that things should improve from this point but i dont buy it.

It looks like a smaller breather.

Due · 09-21-2008, 05:50 PM

Sure they can continue to baillout anyone

B2BwithJoeD · 09-21-2008, 05:55 PM

Not sure on the score, but the rich are winning

spunkmaster · 09-21-2008, 06:01 PM

Quote:

Originally Posted by Vendot

This bail out is going to add trillions to the national debt, so when all is said and done the deficit could rise to almost $13 Trillion or more if those assets decrease in value and more bail outs happen.

In the long term higher inflation, sure the dollar should collapse (its only just holding onto reserve currency status) so what do you see for the dollar?

What do you see for how the markets will respond on Monday after Friday's rally? Can the market be happy now that the debt is being piled into the national debt? Can the US government keeping bailing people out and how do they decide who will be or wont be?

I mean whats the fucking score?

The assets aren't disappearing and they may go up in value in a few years ?

There was a guy who was a Fed Gov not too long ago on Cavuto and he said the bailout may actually make the Treasury $100 - $200 Billion within 5 years because the prices are closer to the bottom and only 8% of the loans are in default ?

kenny · 09-21-2008, 07:32 PM

Low FED rates have resulted in excess capitol being injected into system this has lead to bubbles being created.

Big banks that are vital to our economic infrastructure are suffering because of these bubbles. These banks are said to be to big to fail.

We intend to fix this problem by letting the big banks merge with each thus becoming even bigger banks and then by injecting even more capitol into the system.

Thank you,

-Ben Bernanke

CunningStunt · 09-21-2008, 08:03 PM

6-0 at the moment I'd say, probably 12-0 by the end of the day.

Defiance Inc · 09-21-2008, 08:06 PM

Prices are not near bottom. There is still another wave of arms (5yr) set to adjust in 2010/11. Compound this with rising unemployment (more home will be in foreclosure), no/little money to lend to take the current supply off the market. Unemployment is at 6.1%.
This is bullshit, many people do not claim unemployment. It also doesn't consider under-employment, those who have to work 2 or 3 jobs because no one wants the over head of a full time employee. The fdic doesn't have enough money to cover this shit. The reserve is saying just hand over the money fast!
The truth is no one knows what the score is. Because they've so fucked up the system they are pulling shit out of their ass to fix it. Seriously, how many government employees ever work on the weekend? And here you have every fool on earth in there every weekend turning knobs and flipping switches to magically repair the economy. You can't print money out of thin air expect it to retain value.
Its a house of cards. I've been saying this on another forum for years, and always get chided. Now who's laughing?
If the system doesn't collapse, and we somehow retain the dollar. When the dust settles, I'm betting the dow will be in the 6k range and homes have devalued another 40%.

"One of these days we're going to have to wake up,
and I'm afraid that we won't wake up until we are
bankrupt, and we're approaching that time already."

Ron Paul

09-21-2008, 03:21 AM	#1
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Whats The Score On Wall Street? This bail out is going to add trillions to the national debt, so when all is said and done the deficit could rise to almost $13 Trillion or more if those assets decrease in value and more bail outs happen. In the long term higher inflation, sure the dollar should collapse (its only just holding onto reserve currency status) so what do you see for the dollar? What do you see for how the markets will respond on Monday after Friday's rally? Can the market be happy now that the debt is being piled into the national debt? Can the US government keeping bailing people out and how do they decide who will be or wont be? I mean whats the fucking score?

09-21-2008, 10:56 AM	#2
borked Totally Borked Industry Role: Join Date: Feb 2005 Posts: 6,284	I'll tell you on Monday ;) __________________ For coding work - hit me up on andy // borkedcoder // com (consider figuring out the email as test #1) All models are wrong, but some are useful. George E.P. Box. p202

09-21-2008, 05:50 PM	#5
Due Confirmed User Industry Role: Join Date: Mar 2001 Location: Murrieta, CA Posts: 3,620	Sure they can continue to baillout anyone __________________ I buy plugs Skype: Due_Global /Due

09-21-2008, 05:55 PM	#6
B2BwithJoeD Confirmed User Industry Role: Join Date: Apr 2004 Location: PayoutMag.com Posts: 1,390	When is the bailout money returned? Not sure on the score, but the rich are winning __________________ BLOG IT! How Will You Spend Your 2014 Profits? - PayoutMag.com Ask me About - Unique Processing and Marketing Solutions - Your Only Risk Is More Revenue!

09-21-2008, 07:32 PM	#8
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	Low FED rates have resulted in excess capitol being injected into system this has lead to bubbles being created. Big banks that are vital to our economic infrastructure are suffering because of these bubbles. These banks are said to be to big to fail. We intend to fix this problem by letting the big banks merge with each thus becoming even bigger banks and then by injecting even more capitol into the system. Thank you, -Ben Bernanke __________________ 7

09-21-2008, 11:32 AM	#3
zEn84 Confirmed User Join Date: May 2004 Location: BC Posts: 484	The rally was pure artificial. This problem isn't going to be cured over night. Putting a ban on short selling I don't think will do any good. At least its temporary, though probably it will be extended. Its just not natural, its healthy for an economy to have pull backs, no matter how tough it gets.. Honestly, the oldest company on wall st went belly up, its not rocket science that shits going to hit the fan. Though this easily could have been prevented, but too late now, its going to take some years to fix..

09-21-2008, 02:19 PM	#4
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	I agree.... A lot of the commentary is that things should improve from this point but i dont buy it. It looks like a smaller breather.

09-21-2008, 08:03 PM	#9
CunningStunt Confirmed User Industry Role: Join Date: Aug 2006 Posts: 5,594	6-0 at the moment I'd say, probably 12-0 by the end of the day.

09-21-2008, 08:06 PM	#10
Defiance Inc Confirmed User Industry Role: Join Date: Apr 2008 Location: Phoenix Posts: 142	Prices are not near bottom. There is still another wave of arms (5yr) set to adjust in 2010/11. Compound this with rising unemployment (more home will be in foreclosure), no/little money to lend to take the current supply off the market. Unemployment is at 6.1%. This is bullshit, many people do not claim unemployment. It also doesn't consider under-employment, those who have to work 2 or 3 jobs because no one wants the over head of a full time employee. The fdic doesn't have enough money to cover this shit. The reserve is saying just hand over the money fast! The truth is no one knows what the score is. Because they've so fucked up the system they are pulling shit out of their ass to fix it. Seriously, how many government employees ever work on the weekend? And here you have every fool on earth in there every weekend turning knobs and flipping switches to magically repair the economy. You can't print money out of thin air expect it to retain value. Its a house of cards. I've been saying this on another forum for years, and always get chided. Now who's laughing? If the system doesn't collapse, and we somehow retain the dollar. When the dust settles, I'm betting the dow will be in the 6k range and homes have devalued another 40%. "One of these days we're going to have to wake up, and I'm afraid that we won't wake up until we are bankrupt, and we're approaching that time already." Ron Paul __________________