Dow reaches 52 week high

[SFC Ollie]

It is so obvious that the Obamabots did not truly read the Op's post.

"Finance ministers of the G-20 met over the weekend and pledged to continue government aid. The dollar fell sharply against the euro and British pound, while commodities and commodity-linked stocks rose."

Government Aid

Dollar fell

And you really believe that continued Government aid and the Dollar falling is a good thing because the stock market climbed a bit?

You must have spent economics 101 smoking crack with Obama.

 

[Zander]

It is so obvious that the Obamabots did not truly read the Op's post.

"Finance ministers of the G-20 met over the weekend and pledged to continue government aid. The dollar fell sharply against the euro and British pound, while commodities and commodity-linked stocks rose."

Government Aid

Dollar fell

And you really believe that continued Government aid and the Dollar falling is a good thing because the stock market climbed a bit?

You must have spent economics 101 smoking crack with Obama.

And they fled like rats from a sinking ship when confronted with a question that sheds light on their indefensible position. You Obamabots give credit to Obama when the market goes up, so when the market goes down, will you blame Obama?

 

[garyd]

Chris get back to me about freaking highs when the market is back above 13k where it was when the Dems took over congress. They could ahve prevented this crap had they chosen but they'd rather stick Bush and the Republicans with a bad economy than fix the problems that were clearly there and had been for sometime.

 

[Chris]

Chris get back to me about freaking highs when the market is back above 13k where it was when the Dems took over congress. They could ahve prevented this crap had they chosen but they'd rather stick Bush and the Republicans with a bad economy than fix the problems that were clearly there and had been for sometime.

Bullshit.

The blame for the bad economy goes to Bush and Phil Gramm for deregulating the financial industry.

This allowed the creation of a $516 TRILLION DOLLAR derivative bubble.

 

[garyd]

Again Chris bull shit yourself derivatives have been around forever. Had the derivatives been sound it would not have mattered. They weren't largely because of increasing disparity between Home prices and median income. The only deregulation you've ever brought to the table was Galss Steagle which is nothing more than an extra layer of anti trust legislation which as things were would have only meant that instead of a few big banks going sout a lot of small ones would have.

The financial services industry and especially The insurance side of things got hit with a tremendous body blow. Insurance companies depend on being able to make a lot of money off their investments in order to keep cost of policies low enough so someone will buy them.

 

[Chris]

Again Chris bull shit yourself derivatives have been around forever. Had the derivatives been sound it would not have mattered. They weren't largely because of increasing disparity between Home prices and median income. The only deregulation you've ever brought to the table was Galss Steagle which is nothing more than an extra layer of anti trust legislation which as things were would have only meant that instead of a few big banks going sout a lot of small ones would have.

The financial services industry and especially The insurance side of things got hit with a tremendous body blow. Insurance companies depend on being able to make a lot of money off their investments in order to keep cost of policies low enough so someone will buy them.

"Had the derivatives been sound..."

That's got to be the understatement of the year.

 

[garyd]

It is a statement of fact understatement or not. None of the financial services people really knew what they were buying. They assumed the bureaucratic nightmare at is SEC would keep those debt instruments from going too far south or at least warn them if they were. The SEC didn't do it's job and I doubt if Bush or anyone in congress had any real idea what was going on with the derivatives market and how the bad housing market (and let's not forget Credit cards were defaulting at an alarming rate as well and that had at least some impact on the value of the debt derivative) was impacting.

 

[rightwinger]

Market is up again today

I blame Obama