Is this for real? If so, we need to tear down the Fed.

[Winehole23]

Look at the charts of the Dow Jones average and the money supply growth for the last quarter century and ask yourself: which caused which?

which one has been causing the other?[/quote]

[Wild Cobra]

You were right. It was 2006.


http://articles.moneycentral.msn.com...tionGauge.aspx

Are you trying to confuse me? I was wrong about it being 2007. I didn't say 2006. I said after the 2006 elections, and yes I was pointing towards blaming democrats.

[Wild Cobra]

I am 22 and have been maxing out my rothIRA since 18, but I am ing scared to death (not really, but for the first time I am allowing myself to doubt the entire market system). I don't trust anymore.

Keep maxing it out, and place it in good stock oriented mutual fund that have the better potential to recover. Think of it this way. You are buying it all at half value. You will be very happy once the markets recover.

[Winehole23]

Are you trying to confuse me? I was wrong about it being 2007. I didn't say 2006. I said after the 2006 elections, and yes I was pointing towards blaming democrats.

It was in March of 2006, so no dice.

Besides, the Fed is independent of the USG. Politicians have no input. All they can do is replace the chairman from time to time

[Winehole23]

[doobs]

You seem to think the stimulus will boost asset classes. Why?

I believe the stimulus--to the extent that it actually is an economic stimulus that works--will temporarily, and artificially, boost the stock market.

The financial bailout was designed, in part, to keep the market afloat. The stimulus package is designed, in part, to keep the market afloat by keeping people spending and creating work for businesses through government contracts. It may work for a few years. It may not. (I find the supposed multiplier effect of government spending very unpersuasive.)

All I'm saying is that younger people are doomed to pay the bill, regardless. Older people--especially those whose retirement packages are dependent on stock market performance--stand the most to gain from the financial bailout and the proposed stimulus. (Well, government employees and liberal pet projects stand a lot to gain, too.)

[Winehole23]

I believe the stimulus--to the extent that it actually is an economic stimulus that works--will temporarily, and artificially, boost the stock market.

Best case scenario. I hope you're right about this, but I have my doubts, too.

[angrydude]

Educate yourselves

http://www.marketoracle.co.uk/Article7843.html

The Fed needs to be burned to the freaking ground.

[SpursFanFirst]

That was a pretty powerful segment. Scary stuff!

[The Reckoning]

bump. more pertinent than palin.