House vote failing, Dow crashing

2008-09-30 01:32:05

#151

Varegg: Support fanatic :-); +2,206|7115|Nårvei

LividBovine wrote:
Pierre wrote:
The causes were different: in 1987 the causes were program trading, overvaluation, illiquidity, and market psychology (see your ref), while at this moment there is a financial crisis.
What do you mean by financial crisis? It is a very broad term.

The entire finacial structure is having a meltdown ... and yes that is a broad problem ...

Some people have problems paying their mortgage - the banks doesn't get the steady money flow into the system - the banks are nerveous because they can't loan eachother the money they thought they would have - the stocks are falling increasing the same problem - the bigger banks that normally would lend the smaller banks doesn't get their money thus they don't have the money they thought they would have ...

It's a snowball effect of people with panic tbh ...

Wait behind the line ..............................................................

2008-09-30 01:39:34

#152

LividBovine: The Year of the Cow!; +175|6685|MN

Varegg wrote:
LividBovine wrote:
Pierre wrote:
The causes were different: in 1987 the causes were program trading, overvaluation, illiquidity, and market psychology (see your ref), while at this moment there is a financial crisis.
What do you mean by financial crisis? It is a very broad term.
The entire finacial structure is having a meltdown ... and yes that is a broad problem ...

Some people have problems paying their mortgage - the banks doesn't get the steady money flow into the system - the banks are nerveous because they can't loan eachother the money they thought they would have - the stocks are falling increasing the same problem - the bigger banks that normally would lend the smaller banks doesn't get their money thus they don't have the money they thought they would have ...

It's a snowball effect of people with panic tbh ...

The point I am making is that there are more similarities to 1987 and now than he realizes. There has been an overvaluation of property over time which actually caused the illiquidity of the housing market. All this has lead to a Market psycology that is in a panic mode.

"The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation" - Barack Obama (a freshman senator from Illinios)

2008-09-30 02:29:39

#153

Varegg: Support fanatic :-); +2,206|7115|Nårvei

LividBovine wrote:
Varegg wrote:
LividBovine wrote:
What do you mean by financial crisis? It is a very broad term.
The entire finacial structure is having a meltdown ... and yes that is a broad problem ...

Some people have problems paying their mortgage - the banks doesn't get the steady money flow into the system - the banks are nerveous because they can't loan eachother the money they thought they would have - the stocks are falling increasing the same problem - the bigger banks that normally would lend the smaller banks doesn't get their money thus they don't have the money they thought they would have ...

It's a snowball effect of people with panic tbh ...
The point I am making is that there are more similarities to 1987 and now than he realizes. There has been an overvaluation of property over time which actually caused the illiquidity of the housing market. All this has lead to a Market psycology that is in a panic mode.

There are similarities yes but in 1987 is was more of a brutal shock where the stocks plummeted in value fast but the foundation was stronger and the economy rescued itself relatively good with the minor bump in 1989 incident as a correction ...

What we see now is a broad uncertainty that is spread throughout the entire financial spectre ... similarities yes but really not even in comparison to 1987 ...

A wall street broker said it well: 1987 was a heart attack, what we see now is more like pancreatic cancer ...

Wait behind the line ..............................................................

2008-09-30 07:06:44

#154

Varegg: Support fanatic :-); +2,206|7115|Nårvei

Norwegian stock market just closed slightly up after it totalled yesterday down 8%

Wait behind the line ..............................................................

2008-09-30 07:51:04

#155

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6007|College Park, MD

Hooray, Dow's up 200 points...

https://static.bf2s.com/files/user/36793/marylandsig.jpg

2008-09-30 07:53:42

#156

Mekstizzle: WALKER; +3,611|6926|London, England

Who needs a bailout plan. Just say "everything is going to be fine" and that's it. These markets work on what certain people say and think, not what actually happens, so all you have to do is make sure said people say the right things. $700bn saved right there.

2008-09-30 07:57:12

#157

Surgeons: U shud proabbly f off u fat prik; +3,097|6795|Gogledd Cymru

Mek-Stizzle wrote:
Who needs a bailout plan. Just say "everything is going to be fine" and that's it. These markets work on what certain people say and think, not what actually happens, so all you have to do is make sure said people say the right things. $700bn saved right there.

/thread

2008-09-30 08:01:35

#158

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6007|College Park, MD

http://www.cnn.com/2008/POLITICS/09/29/ … index.html

Just let the market sort itself out

2008-09-30 09:13:03

#159

Pierre: I hunt criminals down for a living; +68|6981|Belgium

LividBovine wrote:
Varegg wrote:
LividBovine wrote:
What do you mean by financial crisis? It is a very broad term.
The entire finacial structure is having a meltdown ... and yes that is a broad problem ...

Some people have problems paying their mortgage - the banks doesn't get the steady money flow into the system - the banks are nerveous because they can't loan eachother the money they thought they would have - the stocks are falling increasing the same problem - the bigger banks that normally would lend the smaller banks doesn't get their money thus they don't have the money they thought they would have ...

It's a snowball effect of people with panic tbh ...
The point I am making is that there are more similarities to 1987 and now than he realizes. There has been an overvaluation of property over time which actually caused the illiquidity of the housing market. All this has lead to a Market psycology that is in a panic mode.

How many banks went broke in 1987?

Last edited by Pierre (2008-09-30 09:20:40)

2008-09-30 15:08:03

#160

SGT_Dicklewicz: Member; +33|6930

e-mail your congress reps! These Idiots want our money to bail out their stupidity. Tell them NO!

2008-09-30 15:14:12

#161

SealXo: Member; +309|6841

FUCK
Wachovia stock went up 90% TODAY!
i was going to put my car fund into that.

god dammit there goes my 335i.

2008-09-30 15:58:30

#162

{M5}Sniper3: Typical white person.; +389|7065|San Antonio, Texas

The Dow is up 485.21 points today, I wonder why, the bailout plan didn't pass and the foundations of the US economy didn't change.

Could it be... *Gasp* self correcting?

2008-09-30 16:21:40

#163

SGT_Dicklewicz: Member; +33|6930

No, it is them counting their chickens before they hatch again. Wall street is assuming the money is coming.
Looks like they really have learned their lesson, huh?
The only way some people learn is by hitting rock bottom, Wall street needs to hit rock bottom.
Until there is responsible greed on Wall Street this shit will happen again.

2008-09-30 16:22:56

#164

SealXo: Member; +309|6841

{M5}Sniper3 wrote:
The Dow is up 485.21 points today, I wonder why, the bailout plan didn't pass and the foundations of the US economy didn't change.

Could it be... *Gasp* self correcting?

no its rumors of another bill and when tha tdoesnt happen theyll be fucked

2008-09-30 16:27:05

#165

Mint Sauce: Frighteningly average; +780|6592|eng

That bailout plan needs to go forward and work, it's not just to bail out rich bankers, it's to prop up the entire us economy, and also the economies of quite a few others. It has a big effect on the rest of the world, the us needs to sort itself out before anyone else can, so try seeing past your own noses for a change, a thinking of others.

#rekt

2008-09-30 16:33:57

#166

SGT_Dicklewicz: Member; +33|6930

Mint Sauce wrote:
That bailout plan needs to go forward and work, it's not just to bail out rich bankers, it's to prop up the entire us economy, and also the economies of quite a few others. It has a big effect on the rest of the world, the us needs to sort itself out before anyone else can, so try seeing past your own noses for a change, a thinking of others.

Yep just toe the line. How has it worked for you so far?
Notice gas prices are $4 a gallon and Food is more $$ and Jobs aren't available.
Yeah your right, let's just blindly follow again! Sounds great!
Ever wonder why they wanted to rush this through so fast in the first place? Look what happened with the vote when people actually got a minute to think about it!

2008-09-30 16:36:54

#167

SealXo: Member; +309|6841

Mint Sauce wrote:
That bailout plan needs to go forward and work, it's not just to bail out rich bankers, it's to prop up the entire us economy, and also the economies of quite a few others. It has a big effect on the rest of the world, the us needs to sort itself out before anyone else can, so try seeing past your own noses for a change, a thinking of others.

its rich bailing out other rich half of americans dont even fucking pay fereral tax

2008-09-30 16:37:16

#168

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6007|College Park, MD

Mint Sauce wrote:
That bailout plan needs to go forward and work, it's not just to bail out rich bankers, it's to prop up the entire us economy, and also the economies of quite a few others. It has a big effect on the rest of the world, the us needs to sort itself out before anyone else can, so try seeing past your own noses for a change, a thinking of others.

Steel attic, playing card foundation, delaying the inevitable etc

We have to let the economy fix itself, not keep putting bandages on it that end up falling off.

Sealxo where are you getting that statistic? I pay federal tax and I'm sure as fuck not rich.

Last edited by Hurricane2k9 (2008-09-30 16:37:46)

2008-09-30 20:17:39

#169

RAIMIUS: You with the face!; +244|7020|US

Mint Sauce wrote:
That bailout plan needs to go forward and work, it's not just to bail out rich bankers, it's to prop up the entire us economy, and also the economies of quite a few others. It has a big effect on the rest of the world, the us needs to sort itself out before anyone else can, so try seeing past your own noses for a change, a thinking of others.

Really? $700B is going to "prop up the entire US economy?" How big is the US economy, again?

2008-09-30 20:19:09

#170

God Save the Queen: Banned; +628|6649|tropical regions of london

45.7 gazzillion

2008-09-30 22:11:05

#171

Harmor: Error_Name_Not_Found; +605|6854|San Diego, CA, USA

RAIMIUS wrote:
Really? $700B is going to "prop up the entire US economy?" How big is the US economy, again?

GDP: $13.13 trillion (2006 est.) (purchasing power parity) which constitutes over 25.5% of the gross world product at market exchange rates and over 19% of the gross world product at purchasing power parity (PPP).

Unemployment 6.1%August 2008
GDP growth 1.9%2Q 2008 [2.2%2007]
CPI inflation 5.4%August 2007–August 2008
National debt $9.792 trillion as of September 24, 2008
Poverty 12.5%2007

Source: http://en.wikipedia.org/wiki/United_States#Economy

2008-10-01 02:28:16

#172

Mekstizzle: WALKER; +3,611|6926|London, England

{M5}Sniper3 wrote:
The Dow is up 485.21 points today, I wonder why, the bailout plan didn't pass and the foundations of the US economy didn't change.

Could it be... *Gasp* self correcting?

No it's just rising on speculation. Which brings me to say, just keep on saying good things that keeps the markets happy and you won't have to spend a dime to fix anything. These people aren't probably as educated as you think. Like I said before, they go on what people say, not what's actually happening (same shit with oil price).

Mek wrote:
$700bn saved right there

Just make sure Bush says the right things.

-----------

Did anyone else find it ridiculous that congress was suspended yesterday for a Jewish holiday? I mean shit, how many Jews are there? And why are they fucking taking holidays, religious or not, in a time like this?

Fucking.......country/world deserves to fail and die.

Last edited by Mek-Stizzle (2008-10-01 02:29:19)

2008-10-01 02:55:44

#173

FEOS: Bellicose Yankee Air Pirate; +1,182|6716|'Murka

Mek-Stizzle wrote:
Did anyone else find it ridiculous that congress was suspended yesterday for a Jewish holiday? I mean shit, how many Jews are there? And why are they fucking taking holidays, religious or not, in a time like this?

I'm more pissed about the suspension period. Could give a rat's ass over what flavor of holiday it is. Others in the federal govt (like the military) have to work on holidays...particularly if the mission demands it. Those fucking losers need to find new jobs in the retail sales sector.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2008-10-01 03:08:08

#174

Mekstizzle: WALKER; +3,611|6926|London, England

Yeah, even if it was at the time of Christmas/New Year, they shouldn't do this. Not when the country like this. It just shows that these people are putting their religious beliefs ahead of their country (it's important, because they're politicians, and it shouldn't be so). At least we all know where they stand now.

Last edited by Mek-Stizzle (2008-10-01 03:08:31)

2008-10-01 03:16:23

#175

FEOS: Bellicose Yankee Air Pirate; +1,182|6716|'Murka

Mek-Stizzle wrote:
Yeah, even if it was at the time of Christmas/New Year, they shouldn't do this. Not when the country like this. It just shows that these people are putting their religious beliefs ahead of their country (it's important, because they're politicians, and it shouldn't be so). At least we all know where they stand now.

Since the majority aren't Jewish, it has nothing to do with their religious beliefs. They're just lazy bastards with no sense of propriety.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

BF2S Forums House vote failing, Dow crashing

LividBovine wrote:

Pierre wrote:

Varegg wrote:

LividBovine wrote:

Pierre wrote:

LividBovine wrote:

Varegg wrote:

LividBovine wrote:

Mek-Stizzle wrote:

LividBovine wrote:

Varegg wrote:

LividBovine wrote:

{M5}Sniper3 wrote:

Mint Sauce wrote:

Mint Sauce wrote:

Mint Sauce wrote:

Mint Sauce wrote:

RAIMIUS wrote:

{M5}Sniper3 wrote:

Mek wrote:

Mek-Stizzle wrote:

Mek-Stizzle wrote:

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