Comments on: Market Jumps Because They Trust Liberal Economics and Economists?

By: skippy

skippy — Tue, 14 Oct 2008 00:12:21 +0000

hey, ian, are you implying that the market shot up almost 1000 points today because krugman won the nobel prize?

or just because you wrote about it?

By: SueTheRedWA

SueTheRedWA — Mon, 13 Oct 2008 23:07:21 +0000

My brother lives in Rancho Cucamonga and my sister in Claremont, San Diego. Fires in the past have gotten close to my brother’s house. If my sister’s house goes, it will be the largest natural disaster in US history, since there are literally thousands of homes in the way before hers. I remember the large fire in San Diego in 1970. I don’t wish what is going on with the fire on anyone.

By: ubetchaiam

ubetchaiam — Mon, 13 Oct 2008 22:58:57 +0000

Excellent insight; in case you missed this:
Europe to U.S.: You messed up the rescue, too
“PARIS (Fortune) — First you mess up the world’s financial system. Then you blow the rescue of it. Now let’s show you how to do it properly.
That, in a nutshell, is the less-than-flattering message European governments are sending to the U.S.”

(AND it is the message we, the voters/taxpayers should be sending to our Congress critters)

“By contrast, the initial Paulson plan involved the U.S. government buying up the problem securities of banks in a procedure that risked being anything other than prompt and transparent. “It looks as complex as the credit derivatives that caused the problem in the first place,” one top European finance official told me, on condition I didn’t quote him by name.”

Don’t you find it fascinating that given that 70 per cent of ‘GDP’ is related to consumerism -which was facilitated by ‘easy credit’- and now that consumers are scaling back big time and credit is tighter (and will remain so) that the ‘pundits’ are saying nothing about what such implies?

By: wobblybits

wobblybits — Mon, 13 Oct 2008 22:54:16 +0000

Your lucky. Our firebugs wait for the first forecast of the Santa Ana winds and then they go out and wreak havoc. After the last huge fires here, the county agencies basically were through with the state govt. The only thing they were good for was getting some neighboring states to come in and help but as far as helicopters and airplanes, the counties shared them with one another.

By: billybugs

billybugs — Mon, 13 Oct 2008 22:49:43 +0000

Thanks Ian!!

Gotta run, be back later! bye

By: SueTheRedWA

SueTheRedWA — Mon, 13 Oct 2008 22:48:42 +0000

We do the same up in Northeast Washington State. Lots of volunteer fire-fighters, good state support, and great help from our Canadian neighbors to the north. This year was relatively quiet. I suspect our resident firebugs were somewhere else, hopefully in jail. The few fires we had were mostly wind and lightening caused. Although one of the guys I see doing family history research looked like he was still suffering from PTSD with the loss of his house. He was going to put his insurance settlement in WaMu, but I explained about its status and introduced him to bankrate.com to ensure he actually got to keep it.

By: wobblybits

wobblybits — Mon, 13 Oct 2008 22:47:04 +0000

the marek fire is/was burning up into Angeles nat’l forest.

By: SouthernDragon

SouthernDragon — Mon, 13 Oct 2008 22:45:45 +0000

When I lived in Tujunga there were fires in the Angeles Forest all the time.

By: Hugh

Hugh — Mon, 13 Oct 2008 22:43:09 +0000

Why, oh why can’t there just be a little .25% trading tax on every transaction? Brokers get their commissions everytime anything changes hands.

This is a really good idea. Hedge funds account for the majority of trades in stock markets on any given day even though they represent a small portion of the market.

By: wobblybits

wobblybits — Mon, 13 Oct 2008 22:42:21 +0000

bom dia, SD.

no word yet. i’ve been watching the coverage all day. been a few more fires here today (one is contained)