WHY is the DJIA crashing?

[AmericanFirst]

Didn't they say it was absolutely positively necessary to increase the debt ceiling in order to prevent this exact outcome?

How many times does obamaturd and the dimwits have to lie to us before we figure out they are liars? Me, I learned that lesson when I heard him lying during his campaign, and he hasn't stopped lying yet. I hear the libs crying in the background and trying to figure out what lies to come up with to defend the fool.

 

[8537]

it means deficit spend in economic hard times.

It's a bit more complicated than that, to put it mildly. It means we're trapped by the zero-bound on interest rates and therefore monetary policy is sterilized. Obama isn't responsible for liquidity traps.

It also mean that moves of the financial markets are not described by rational expectations hypotheses and the efficient market hypothesis, but instead by partly rational actors whose collective behavior is not necessarily driving the market towards equilibrium. Those partly-rational actors are sometimes overcome by what we now would call mob mentality, which Keynes referred to as animal spirits.

 

[JRK]

So you disagree that this market crash is related to a slew of bad economic news and the end of QE?

What exactly is koolaid-drinking about that explanation, oldstyle?

You know in 08 we seen it coming and those in charge did something about it without selling the farm

is that the same 2008 when the market dropped from13,400 to 8,046? What exactly did we "do"?

same in 2001
The events that took place in 2001 as well as 2008 the US government had little to do with
But they did the right things to fix them

How did the government fix the stock market drop?

If you do not know, me telling you will only be another reason for you to blame GWB for something else
You know there comes a time when every-one can see just how big a mess this is
I mean we have went thru trillons and look where we are

 

[8537]

Perhaps 8537 would like to take a crack at explaining to me the wisdom of QE when it's "end" causes the DOW to drop 500 points in one day? That's just freaking BRILLIANT!!!

hmm...Perhaps you are confused.

You think I support QE?

 

[ABikerSailor]

Our gas prices have been at or near $4 per gallon for over 6 months. Food prices have again jumped in recent weeks, after coming down for a bit.

By the way, Dow is now down 463 points.

Yeah........and oil companies are STILL posting record profits. Same with a lot of other corporations.

The wealthy saw their incomes go up around 28 percent so far this year.

Still think they need those subsidies and tax cuts?

You could tax "the wealthy" at 100% and it won't make a dent in our country's problems...



Class envy is ugly, mmm-kay....

Hey........it's not so much class envy as much as I'd like to pay 18 percent taxes like the wealthy do instead of paying 28 percent like everyone else.

 

[elvis]

it means deficit spend in economic hard times.

It's a bit more complicated than that, to put it mildly. It means we're trapped by the zero-bound on interest rates and therefore monetary policy is sterilized. Obama isn't responsible for liquidity traps.

It also mean that moves of the financial markets are not described by rational expectations hypotheses and the efficient market hypothesis, but instead by partly rational actors whose collective behavior is not necessarily driving the market towards equilibrium. Those partly-rational actors are sometimes overcome by what we now would call mob mentality, which Keynes referred to as animal spirits.

You forgot about the sticky wages.

 

[8537]

If you do not know, me telling you will only be another reason for you to blame GWB for something else

So you don't have an answer then? You were just making shit up?

Alrighty then.

 

[kiwiman127]

It seems to me that people are so fired up to pile on, that they seem to be missing what economist have say.

 

[Jarhead]

Wall Street Pummeled: S&P Plunges Into Correction Range - FoxBusiness.com

The liberals on this web site think this stuff is a joke
it was not funny in 2008 and it damn sure is not funny in 2011 after spending trillions in so called fixes

It no longer matters whose information you use
Heritage or CBSs
its a wreck and it is getting worse

The liberals think it's funny? Really? I'm pretty sure it's their 401k that's shrinking, too.

Thats BS.

Liberals dont work so how can they have a 401(k)?
Liberals are all lazy mofos that want the rest of us to pay their way.

Hows that sound 8537?

 

[8537]

it means deficit spend in economic hard times.

It's a bit more complicated than that, to put it mildly. It means we're trapped by the zero-bound on interest rates and therefore monetary policy is sterilized. Obama isn't responsible for liquidity traps.

It also mean that moves of the financial markets are not described by rational expectations hypotheses and the efficient market hypothesis, but instead by partly rational actors whose collective behavior is not necessarily driving the market towards equilibrium. Those partly-rational actors are sometimes overcome by what we now would call mob mentality, which Keynes referred to as animal spirits.

You forgot about the sticky wages.

Sticky wages are part and parcel to the efficient market hypothesis - in fact, the neoclassical explanation of that hypothesis is just the classical version of fluid wages warmed over for modern consumption.

 

[elvis]

Wall Street Pummeled: S&P Plunges Into Correction Range - FoxBusiness.com

The liberals on this web site think this stuff is a joke
it was not funny in 2008 and it damn sure is not funny in 2011 after spending trillions in so called fixes

It no longer matters whose information you use
Heritage or CBSs
its a wreck and it is getting worse

The liberals think it's funny? Really? I'm pretty sure it's their 401k that's shrinking, too.

Thats BS.

Liberals dont work so how can they have a 401(k)?
Liberals are all lazy mofos that want the rest of us to pay their way.

Hows that sound 8537?

Sounds like horseshit.

 

[8537]

Wall Street Pummeled: S&P Plunges Into Correction Range - FoxBusiness.com

The liberals on this web site think this stuff is a joke
it was not funny in 2008 and it damn sure is not funny in 2011 after spending trillions in so called fixes

It no longer matters whose information you use
Heritage or CBSs
its a wreck and it is getting worse

The liberals think it's funny? Really? I'm pretty sure it's their 401k that's shrinking, too.

Thats BS.

Liberals dont work so how can they have a 401(k)?
Liberals are all lazy mofos that want the rest of us to pay their way.

Hows that sound 8537?

sounds like a good description of some far-left reactionaries who are lazy mofos.

 

[elvis]

It's a bit more complicated than that, to put it mildly. It means we're trapped by the zero-bound on interest rates and therefore monetary policy is sterilized. Obama isn't responsible for liquidity traps.

It also mean that moves of the financial markets are not described by rational expectations hypotheses and the efficient market hypothesis, but instead by partly rational actors whose collective behavior is not necessarily driving the market towards equilibrium. Those partly-rational actors are sometimes overcome by what we now would call mob mentality, which Keynes referred to as animal spirits.

You forgot about the sticky wages.

Sticky wages are part and parcel to the efficient market hypothesis - in fact, the neoclassical explanation of that hypothesis is just the classical version of fluid wages warmed over for modern consumption.

I've been through the econ classes and the Hayek-Keynes rap. Tell us about the savings leak.

 

[AmericanFirst]

Chancellor of the Exchequer: "The biggest danger to the world's economy is RW fanatics in the USA."

Thank you, RW fanatics- the rest of the world thinks you're nuts- and you've been blocking EVERYTHING- even your own ideas- since 11/2009...Ugly 'Merican MORONS- Silly tools of the greedy mega rich Pubs. Going WAY down, 2012. Perry/Bachmann Pffffft! tyvm

When socialists blame the rw, I will support the rw anyday over them. Socialists should be unhappy with the U.S., if they are not, something is wrong. Obamaturd's fault plane and simple!!!

 

[8537]

The liberals think it's funny? Really? I'm pretty sure it's their 401k that's shrinking, too.

Thats BS.

Liberals dont work so how can they have a 401(k)?
Liberals are all lazy mofos that want the rest of us to pay their way.

Hows that sound 8537?

Sounds like horseshit.

To be fair, I'm pretty sure Jarhead's comment was tying another discussion into this one - and the context of that conversation is important to understanding his comment here.

 

[Oldstyle]

So you disagree that this market crash is related to a slew of bad economic news and the end of QE?

What exactly is koolaid-drinking about that explanation, oldstyle?

It's your amazing capacity not to grasp the concept that the "slew of bad economic news" is the direct result of a clueless President and his merry band of Progressives, that gave us a two year Keynesian spend-fest on big government resulting in an economy that is on life support and a debt that is STAGGERING!

Does that explain my problem with your "explanation"?

"Two year Keynesian spend-fest!"

Lol...I'm impressed you know how to spell Keynesian - though you clearly know nothing of what it means.

Well LATELY, it's synonymous with complete and utter failure. Only you could look at what we've done for the past two years and not realize that B.O.'s wild ride was a disaster of epic proportions. There is a very good reason that Christina Romer and Larry Summers tucked tail and fled back to the safety of their tenured Prof positions at Berkeley and Harvard. They had their big chance to show us all how Keynesian theory could save the world and it turned into a big, fat, out of control cluster f*ck. So now Mr. Hope and Change is left there in Washington with Larry Geithner (who probably WOULD have left as well but who would hire him after his performance at Treasury?) Harry Reid and Nancy Pelosi and we are totally screwed.

 

[Trajan]

Wall Street Pummeled: S&P Plunges Into Correction Range - FoxBusiness.com

The liberals on this web site think this stuff is a joke
it was not funny in 2008 and it damn sure is not funny in 2011 after spending trillions in so called fixes

It no longer matters whose information you use
Heritage or CBSs
its a wreck and it is getting worse

Gekko: Because it's WRECKABLE, all right!!!!

[ame=http://www.youtube.com/watch?v=ONXpaBQnBvE&feature=related]‪Gordon Gekko "Greed is Good" Speech‬‏ - YouTube[/ame]

 

[8537]

You forgot about the sticky wages.

Sticky wages are part and parcel to the efficient market hypothesis - in fact, the neoclassical explanation of that hypothesis is just the classical version of fluid wages warmed over for modern consumption.

I've been through the econ classes and the Hayek-Keynes rap. Tell us about the savings leak.

My grandmother had such a leak. That shit really stank up the house.

 

[elvis]

Sticky wages are part and parcel to the efficient market hypothesis - in fact, the neoclassical explanation of that hypothesis is just the classical version of fluid wages warmed over for modern consumption.

I've been through the econ classes and the Hayek-Keynes rap. Tell us about the savings leak.

My grandmother had such a leak. That shit really stank up the house.

If you believe in Keynes, it stinks up the economy too.

 

[Jarhead]

Thats BS.

Liberals dont work so how can they have a 401(k)?
Liberals are all lazy mofos that want the rest of us to pay their way.

Hows that sound 8537?

Sounds like horseshit.

To be fair, I'm pretty sure Jarhead's comment was tying another discussion into this one - and the context of that conversation is important to understanding his comment here.

Exactly.