Wallstreet Not Impressed By President's Speech

Since few are sure what exactly will turn this economy around why doesn't the president craft an economic recovery that would please wallstreet investors more? By doing this he would more than likely be moving in a better direction.

 

Fuck wallstreet.



Haven't we given them enough?

 

Well what wallstreet seems to want are better details from the administration on how they will turn this economy around.

 

They probably have almost no intention of making any effort.

 

What did the "President" say in his speech? Ab-so-lute-ly nothin'.

 

They have no intention.

Here's what they do:

1) Provide the illusion to the public of something being done to combat the crisis.

2) Offer "solutions" that will only further the crisis while pretending that it will help it.

The rest should be pretty self-explanatory.

 

Wall Street Roller Coaster

 

So, at 2, maybe the Wall-Street people decided Obama's plan wasn't so bad after all =D


=P

 

What exactly was his plan though? His speech seemed to have no substance to it.

 

Thanks for saying it first. :cheers2:

For most Americans the real market is the job market. During the Bush Administration stocks rose, but there was little job creation.

 

There is absolutely no connection between the shifts in the stock market and the president's speech.

They are just putting it out there because they need to produce enough news to fill up the day.

 

All I know is that they have to do something soon, without digging an even deeper hole. When people start finding security in physical assets instead of paper money, that's when you know it'll be far too late.

 

Paper money is useless.


www.endthefed.us

 

Motion

Why can’t you defend your ideas?

I mean I could give a long list of threads were you’ve just run away because you couldn’t.

Don’t you think it would be better to find some ideas you could defend?

Or maybe you can’t defend them because you don’t actually believe in them, just as a viral advertiser doesn’t have to actually like the product he’s been paid to promote?

Thing is that the neo-liberal pundits had their chance and they screwed up big time (just as many people predicted they would) because the system they championed was inherently unstable and dangerous because it had no mechanism to deal with a crash.

Please explain why you think these ideas should be given a second chance?

 

I agree.

 

Balbus,

I have no problem with reforming Wall Street where needed to correct it's particular role in the financial collapse as long as Obama doesn't over-regulate. Strangling Wall Street with regulation wouldn't be the answer. The problem is that so far Obama's and Giethner's proposals aren't making much sense to Wall Street. To turn this economy around Obama's proposals will have to at least make some economic sense and be more detailed. His lack of details seems to be what's worrying investors.

 

Why do you attack people?...

 

Right now there is no logical explanation for what the market is doing. These guys are still trying to win a losing a game, and jumping everytime they think it will win them an inch. The market is meaningless at this point, and continuing to focus on them hourly or even after meaningful events means little. These jackasses are soley motivated by money, and right now it's more a question of production of goods and meaningful services that will dig us out of this hole, then focussing on those trying to make a quick buck. They are like the addicted gamblers you see in Reno and Vegas.

 

Right on point.

You can't have a wealthy consumer nation, if the people that reside there have no viable means of support. No jobs...no consumption.

The debt bubble has burst.

 

I also agree.--Also during the Bush administration the most outsourcing happenned and the largest influx illegal aliens came in the US.---Now if the new administration does not do anything about those 2 situations they can have all their stimulus packages etc. and it would mean little.Ironically those 2 problems I mentioned can SO easily be corrected.--As far as the markets going down,it's probably a good thing over all.