Geithner: Growth resuming but risks ahead- Reuters

Discussion in 'Economy' started by Neubarth, Jul 13, 2009.

  1. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Geitner was used by the Obama Administration to move the market today. As soon as I saw the quote, I sold my short position and waited to see how effective the "distortion" would be.

    Did you guys see the headlines today?

    Geithner: Growth resuming but risks ahead- Reuters

    Our Treasury secretary is taking profound liberties with the truth. The growth is not resuming. There is no indication of that.

    We are still falling and falling and falling.
     
  2. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    The administration is doing everything possible to keep the stock market from falling. The unemployment reports are horribly corrupt and not even in the least realistic. The public pronouncements by DOL and Geitner and various other prominent people are used to try to get the gullible public to pump more money into the Mutual Funds rather than in the bond funds in their 401K's. With the economy slumping so bad, I am left to speculate on why Obama and his minions want to keep the stock market at such a tremendous high as opposed to current earnings.

    The only thing that I can come up with is that they want certain entities to profit at the expense of the investing public. Like a tax that is not a tax, when the mutual funds fall 30 or 40%, that money does not evaporate into thin air. It is grabbed by those people / institutions that are astute enough to be short the market.

    Is Obama selling out the richer Americans so financial institutions can short the market and take the fools money, just like in September to March? Very few of the richer Americans vote for Obama and his party, so the possibility existsthat this is a new Democratic "Fleece the Rich" policy. If he gets away with it for a second time, we need to take it to the streets. Massive corruption of this nature should not be allowed to stand without standing trial.
     
    Last edited: Jul 13, 2009
  3. wimpy77
    Offline

    wimpy77 Member

    Joined:
    Jan 21, 2009
    Messages:
    591
    Thanks Received:
    10
    Trophy Points:
    16
    Ratings:
    +10
    the market didn't really move until meredith whitney moved goldman's position from neutral to buy. after that the finanicials moved up like lightning.
     
  4. eagleseven
    Offline

    eagleseven Quod Erat Demonstrandum

    Joined:
    Jul 8, 2009
    Messages:
    6,518
    Thanks Received:
    1,254
    Trophy Points:
    48
    Location:
    OH
    Ratings:
    +1,255
    [​IMG]
     
    • Thank You! Thank You! x 1
  5. Missourian
    Offline

    Missourian Gold Member

    Joined:
    Aug 30, 2008
    Messages:
    16,281
    Thanks Received:
    4,799
    Trophy Points:
    280
    Location:
    Missouri
    Ratings:
    +8,124
    Trucking news: ATA reports truck tonnage index is up slightly - 6/29/2009 - Logistics Management
     

Share This Page