Truthmatters
Diamond Member
- May 10, 2007
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- #21
Yeap I was right
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Yeap I was right
It happened bercause the government refused to go after the sub prime market and its preying on the idividual home buyer.
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Which party was in the majority in 2007?A 300-point drop? It's just the start
With the credit markets a disaster, buyouts can't continue to drive stock prices higher. That's one reason, of many, I think we're headed for an even bigger fall.
Latest Market Update
July 27, 2007 -- 10:00 ET
This isn't really an indictment of the republican party; the coming economic troubles are an indictment of bad federal reserve policy, which is independent of party.
The problem I have with this thread is that 300 points is pretty much of a rounding error with the Dow at this level. A correction would be 1000+ points, a bear market 2000+ points and a crash more like 2500+ points in say less than 90 days.
Maybe we should return to the gold standard.
Perhaps!
Of course, you don't have to be a goldbug to see the looming clusterfuck that the fed has created here.
Yeap I was right
This isn't really an indictment of the republican party; the coming economic troubles are an indictment of bad federal reserve policy, which is independent of party.
Maybe we should return to the gold standard.
This isn't really an indictment of the republican party; the coming economic troubles are an indictment of bad federal reserve policy, which is independent of party.
Maybe we should return to the gold standard.
Sure we have about enough gold to cover 1/100th of the currency out there.
Yeap I was right
Not only are you stupid, you are also stupid.
On the day you use YOUR OWN research, and draw YOUR OWN conclusions, and THOSE CONCLUSIONS are accurate..... THEN you will be right.
Until then you are just some drooling fool who thinks that agreeing with someone else somehow makes you intelligent.
Not often but sometimes. A lot of companies sit on cash, have no show jobs for their buddies and otherwise steal from the company's owners. Combined with all of the protections given board members by congress barbarians at the gate is sometimes the only recourse.Were LBOs ever really a healthy thing for the economy?
They pumped up the stockmarket and made bankers richer than hell to be sure.. but were they really a good thing for the economy as a whole?
Let's remember that a lot of these were takeovers, and not sales that the management of the organizations themselves were happy with
So this is a serious question, and not just me editorializing.
I ask because recognize that some of you folks here understand the machinations of the markets far better than I do.
Seems to me that LBOs often ended up creating companies with enormous debt which they dealt with by selling off assets and breaking up companies.
They took going concerns that worked and cannibized them to make a quick buck.
Is that really a good thing?