FAQ  |  Search  |  Memberlist  |  Usergroups   |  Register  |  Profile  |  Log in to check your private messages  |  Log in 

 The Wall Street Journal is reporting ... View next topic
View previous topic



Post new topicReply to topic
Author Message
dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: The Wall Street Journal is reporting ...
PostPosted: Thu Jan 17, 2008 10:49 pm Reply with quoteBack to top

It's a pretty good speech compared to what he usually gives. LOL.

I wager that the stock market will be about 1000 points higher than today's close (Jan 17th) by the time that he gives the speech.

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
View user's profileSend private message
angryvoodoo
Demolition Man


Joined: 20 Nov 2007
Posts: 2110
Location: ny

Re: The Wall Street Journal is reporting ...
PostPosted: Fri Jan 18, 2008 5:23 am Reply with quoteBack to top

wrote it myselfitude.

no closings... maybe i can get a job as speech writer?

head of PR.... !

_________________
Image
66 75 63 6b 20 74 68 69 73 20 73 68 69 74
got hex?
View user's profileSend private message
BarbedWireSmile
Dyn-o-mite!


Joined: 06 Aug 2007
Posts: 466

Re: The Wall Street Journal is reporting ...
PostPosted: Sat Jan 19, 2008 2:39 am Reply with quoteBack to top

icenvegas wrote:
Perhaps the street just doesnt think that dubya can actually do anything to stop this tail spin. Is this the beginning of the end? discuss amongst yourselves Very Happy


Much validity to this. I'm not sure investors or money managers think it's the "beginning of the end", but -economics aside- there are political reasons why it's likely to get worse before it gets better.

First, you have a lame-duck President who's not running for re-election.

Second, you have a do-nothing Congress that does...well... nothing.

Third, you have a very competitive Presidential election.

Where is the incentive to do anything until after the election so the winning party can claim credit for it? Hence Frank's bill stalled in the Senate. It passed the House in a matter of days once it was all hased out in subcommitte. It's gone nowhere in the Senate and there's a reason for that.

We may see minor league "stimulus" in the form of rebates or somesuch nonsense, but we're unlikely to see any new regulatory regime or significant plan prior to '09.
View user's profileSend private message
Display posts from previous:      
Post new topicReply to topic


 Jump to:   


Merge topics 

View next topic
View previous topic
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum




Powered by phpBB 2.0.22-2 (Debian) © 2001, 2002 phpBB Group :: FI Theme :: All times are GMT