Comments on: The Economy Has Gotten Depressing http://housingdoom.com/2008/03/09/the-economy-is-depressing/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: brucewho http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10786 brucewho Tue, 11 Mar 2008 06:11:32 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10786 agnostic- Are you Misean? You don't have to answer that. Cheers agnostic-

Are you Misean? You don’t have to answer that.

Cheers

]]> By: agnostic http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10785 agnostic Mon, 10 Mar 2008 19:51:43 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10785 toysarefun: Do yourself a favor and buy SKF, the short-financials ETF. Cheers. toysarefun:

Do yourself a favor and buy SKF, the short-financials ETF.

Cheers.

]]> By: agnostic http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10784 agnostic Mon, 10 Mar 2008 19:49:34 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10784 According to Wikipedia: "About 20 percent of the troopers had been enlisted in the prior seven months (139 of an enlisted roll of 718), were only marginally trained, and had no combat or frontier experience. A sizable number of these recruits were immigrants from Ireland, England and Prussia, just as many of the veteran troopers had been before their enlistments." Igor sez the troops had "nomoney". Agnostic sez they had Adjustable Rate Mortgages at Fort Abraham Lincoln. According to Wikipedia:

“About 20 percent of the troopers had been enlisted in the prior seven months (139 of an enlisted roll of 718), were only marginally trained, and had no combat or frontier experience. A sizable number of these recruits were immigrants from Ireland, England and Prussia, just as many of the veteran troopers had been before their enlistments.”

Igor sez the troops had “nomoney”. Agnostic sez they had Adjustable Rate Mortgages at Fort Abraham Lincoln.

]]> By: brucewho http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10783 brucewho Mon, 10 Mar 2008 18:23:20 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10783 Agnostic- I'm sure something like that was shouted out more than once near the end of the Battle of the Little Bighorn. The F word has been in english usage since at least then. I do wonder how many englishmen were in Custer's command. I thought most were irish. Is bloody a common expression in Gaelic as well? Whatever, you're point is well made and much more succinct. Agnostic-

I’m sure something like that was shouted out more than once near the end of the Battle of the Little Bighorn. The F word has been in english usage since at least then. I do wonder how many englishmen were in Custer’s command. I thought most were irish. Is bloody a common expression in Gaelic as well? Whatever, you’re point is well made and much more succinct.

]]> By: Josiphos http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10782 Josiphos Mon, 10 Mar 2008 17:05:46 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10782 Gonna have to go a long way to be more despised than Bush. Then again, he was right on with those tax cuts for the rich (cough) Gonna have to go a long way to be more despised than Bush.

Then again, he was right on with those tax cuts for the rich (cough)

]]> By: twist http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10781 twist Mon, 10 Mar 2008 13:55:29 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10781 Agnostic- You are right, Hoover inherited some horrible problems. I'm assuming our next president, whoever he/she is will end up being one of the most villified presidents of our times for the same reason. Given the crop of candidates we have though, the animosity will not be entirely unearned. Igor says "immoral". I don't know if I'd go that far, but certainly "inept". Agnostic-

You are right, Hoover inherited some horrible problems. I’m assuming our next president, whoever he/she is will end up being one of the most villified presidents of our times for the same reason.

Given the crop of candidates we have though, the animosity will not be entirely unearned.

Igor says “immoral”. I don’t know if I’d go that far, but certainly “inept”.

]]> By: toysarefun http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10780 toysarefun Mon, 10 Mar 2008 13:40:47 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10780 I'm sure everyone is on board with this thought, but if you have funds that include American financials.. I just dumped my vanguard 500 fund because it is 1/5 financials. I’m sure everyone is on board with this thought, but if you have funds that include American financials.. I just dumped my vanguard 500 fund because it is 1/5 financials.

]]> By: Deal Hunter http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10779 Deal Hunter Mon, 10 Mar 2008 07:05:19 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10779 Here's a better quote.... "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." - by Woodrow Wilson, after signing the Federal Reserve into existence Here’s a better quote….

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
-
by Woodrow Wilson, after signing the Federal Reserve into existence

]]> By: agnostic http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10778 agnostic Mon, 10 Mar 2008 06:49:57 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10778 Hoover gets a bad rap. He didn't approve or allow 5% equity/95% margin on stock purchases, nor did he write the terms of the Versailles Treaty. Hoover gets a bad rap. He didn’t approve or allow 5% equity/95% margin on stock purchases, nor did he write the terms of the Versailles Treaty.

]]> By: agnostic http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10777 agnostic Mon, 10 Mar 2008 06:45:14 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10777 See if this seems accurate: "We're bloody f*cked" - unnamed 7th Cavalry trooper at the Little Bighorn. See if this seems accurate:

“We’re bloody f*cked” – unnamed 7th Cavalry trooper at the Little Bighorn.

]]> By: brucewho http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10776 brucewho Mon, 10 Mar 2008 06:29:09 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10776 I'm too tired to deal with it either. I picked it off the article I linked to. I figured someone here would know. Guys back then did speak in more of a prose fashion. Modern jargon is always a giveaway. But if this is not a TJ quote it seems to be Jeffersonian. Perhaps the meaning is his but some liberties have been taken along the way. Whatever I thought it was very appropriate to our situation today. If it's not TJ I stand corrected. I’m too tired to deal with it either. I picked it off the article I linked to. I figured someone here would know. Guys back then did speak in more of a prose fashion. Modern jargon is always a giveaway. But if this is not a TJ quote it seems to be Jeffersonian. Perhaps the meaning is his but some liberties have been taken along the way. Whatever I thought it was very appropriate to our situation today. If it’s not TJ I stand corrected.

]]> By: Yossarian http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10775 Yossarian Mon, 10 Mar 2008 05:08:49 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10775 I'll admit, that Jefferson quote sounds suspect... typically Jefferson spoke about 'monied incorporations' ... odd Enlightenment era language like that. Pre central banks. Lots of banks were still issuing currency back then. But, I'm too tired tonight to look it up. I still have to correct people when they quote Adam Smith... people nowadays Smith meant for people to be rich and careless. Oh well. I’ll admit, that Jefferson quote sounds suspect… typically Jefferson spoke about ‘monied incorporations’ … odd Enlightenment era language like that. Pre central banks. Lots of banks were still issuing currency back then. But, I’m too tired tonight to look it up.

I still have to correct people when they quote Adam Smith… people nowadays Smith meant for people to be rich and careless.

Oh well.

]]> By: netdance http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10774 netdance Mon, 10 Mar 2008 04:12:15 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10774 I really wish that people would stop with the fake Jefferson quote. "inflation" and "deflation" were not words in use at that time. I really wish that people would stop with the fake Jefferson quote. “inflation” and “deflation” were not words in use at that time.

]]> By: surak http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10773 surak Mon, 10 Mar 2008 03:33:31 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10773 The song pretty well sums it up!! The song pretty well sums it up!!

]]> By: brucewho http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10772 brucewho Mon, 10 Mar 2008 03:26:22 +0000 http://housingdoom.com/2008/03/09/the-economy-is-depressing/#comment-10772 “If the American people ever allow private banks to control the issue of our currency, first by inflation, then by deflation, the banks and the corporations that will grow up will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.” Thomas Jefferson Sorting Through the Rubble in Post-Bubble America http://counterpunch.com/whitney03082008.html “If the American people ever allow private banks to control the issue of our currency, first by inflation, then by deflation, the banks and the corporations that will grow up will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”

Thomas Jefferson

Sorting Through the Rubble in Post-Bubble America

http://counterpunch.com/whitney03082008.html

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