Argue With Everyone Political Forums  

Go Back   Argue With Everyone Political Forums > General Political Debate > Economics and the Economy

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 09-23-2008, 10:40 AM
Machiavelli Incarnate
 
Join Date: Mar 2008
Posts: 4,588
Default Interesting Take on the Economy

Some information what probably will surprise most of you.

Simple question highlighting the interest of the piece, since their highs, which country's stock market has lost the most value?



Emerging Markets Sink 'Bubble in Risk Taking' Gets Unwound Sonders Says: Tech Ticker, Yahoo! Finance
Reply With Quote
  #2 (permalink)  
Old 09-23-2008, 10:45 AM
wvpeach's Avatar
Machiavelli Incarnate
 
Join Date: Aug 2007
Location: West Virginia ( Gods Country)
Posts: 6,590
Default

Once the hottest game in town, emerging market stocks have cooled considerably


No surprise emerging markets are much more volatile by nature. And emerging markets are prone to bundled deals sold to them by the US market. They believed incorrectly that buying into the US market was a benefit for their people.................. And now they have been taught that was dead wrong thinking.

What the article doesn't talk about is the fact that emerging markets will have learned their lesson from this. They will decouple from the US market as we recover and the US will see little support from other world markets for a long , long time.
Reply With Quote
  #3 (permalink)  
Old 09-23-2008, 10:50 AM
Machiavelli Incarnate
 
Join Date: Mar 2008
Posts: 4,588
Default

Quote:
Originally Posted by wvpeach View Post
Once the hottest game in town, emerging market stocks have cooled considerably


No surprise emerging markets are much more volatile by nature. And emerging markets are prone to bundled deals sold to them by the US market. They believed incorrectly that buying into the US market was a benefit for their people.................. And now they have been taught that was dead wrong thinking.

What the article doesn't talk about is the fact that emerging markets will have learned their lesson from this. They will decouple from the US market as we recover and the US will see little support from other world markets for a long , long time.
I take it you didn't watch the video. Also, you really have no idea what you are talking about. A lot of the problem in the US market is BECAUSE of foreign investment. As Greenspan said about who lost during the NASDAQ meltdown, European Life Insurance Companies. The big losers in the US real estate meltdown will also be foreign players.

Talking about decoupling is ignorant beyond belief. Seriously Peach, has the whole globalization movement missed you? Bemoan it all you want, but that train has long since left the station.
Reply With Quote
  #4 (permalink)  
Old 09-23-2008, 11:04 AM
wvpeach's Avatar
Machiavelli Incarnate
 
Join Date: Aug 2007
Location: West Virginia ( Gods Country)
Posts: 6,590
Default

Your the one that has no idea what your talking about. I am a loan officer and a certified financial councilor who owned a home sales center for 15 years and now work part time for a newspaper in advertising.

I have served two terms as president of our local chamber of commerce.

I know a little something about what is going on here.

It appears soho it is you who do not.
Reply With Quote
  #5 (permalink)  
Old 09-23-2008, 11:15 AM
Machiavelli Incarnate
 
Join Date: Mar 2008
Posts: 4,588
Default

Quote:
Originally Posted by wvpeach View Post
Your the one that has no idea what your talking about. I am a loan officer and a certified financial councilor who owned a home sales center for 15 years and now work part time for a newspaper in advertising.

I have served two terms as president of our local chamber of commerce.

I know a little something about what is going on here.

It appears soho it is you who do not.
No you don't. Main Street is not Wall Street Peach, treating them as the same is a sign of ignorance.

I am not belittling your personal financial experience. You probably do pretty well for yourself and can give pretty good advice in that arena. However, such experience ends with the individual. When you switch from Micro to Marco economics, your assumptions have to change.
Reply With Quote
  #6 (permalink)  
Old 09-23-2008, 11:23 AM
wvpeach's Avatar
Machiavelli Incarnate
 
Join Date: Aug 2007
Location: West Virginia ( Gods Country)
Posts: 6,590
Default

Oh excuse me Soho your suggesting it is fine for Paulson to pay above market prices to bail out wall street.

I think your the one who needs a lesson in economics. Starting with what is good for main street not wall street.

This mess has already happened. Just because its happened we are headed for a deep deep recession lasting at least 2 years possibly more. Just because this has already happened many more people will be laid off and more families will loose homes and the economy will slow even further.


Their wall street bail out will not do a thing to get the economy going again.............not a thing.

But we can stem the tide of this by the government becoming the lender of last resort to good commercial banks who did not get involved in this mess. 5/3rd, Bank of America and others. We have control of Fannie and freddie now so that gives the mortgage sector capital through good commercial banks. And we can start a new group to capitalize such banks for car loans and credit of all kinds.

No matter what we do with wall street the economy is in for a long , long recession. I say let them fall and lets get about the business of restructuring a economy that makes sense with appropriate regulations.

No sense in giving thiefs money we can use to build a better economy. Especially when its taxpayer money.

Last edited by wvpeach; 09-23-2008 at 11:41 AM.
Reply With Quote
  #7 (permalink)  
Old 09-23-2008, 03:48 PM
mulp's Avatar
Machiavelli Incarnate
 
Join Date: Jul 2007
Location: Merrimack, NH
Posts: 4,254
Default

Quote:
Originally Posted by TakuanSoho View Post
No you don't. Main Street is not Wall Street Peach, treating them as the same is a sign of ignorance.

I am not belittling your personal financial experience. You probably do pretty well for yourself and can give pretty good advice in that arena. However, such experience ends with the individual. When you switch from Micro to Marco economics, your assumptions have to change.
Ok, expert in global economics, riddle us this:

Why would any foreign entity, having been burned by US bankers and US brokers promising risk free investments because of hedges negating the risk, invest in any "innovative risk free" security sold by US bankers and US brokers?

If they don't use the cash from exporting to the US to buy such mortgage backed bonds, what will they buy with the cash?

And who will buy the bonds to make mortgages possible in the US?
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump


» Navigation

Political Links Page

Blogs by AWE Members

Advertisers support this site - if you're interested in their product, take a look!


$5 monthly donation:

$10 monthly donation:



All times are GMT -5. The time now is 09:45 AM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.2.0