Home > Boards > The Lounge > Coffee Shop > Stock Market Realities, All Stocks Are Shit

Maybe because we were right lol, it has

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
DERBENSKI Member Profile
 
Followed By 39
Posts 6,019
Boards Moderated 2
Alias Born 01/26/07
160x600 placeholder
Top Company News of the Day
The chicken producer has attracted interest from suitors including agricultural investment firm Continental Grain.
Coca-Cola North America to Increase Spending With Minority-Owned Media Companies
Top Stories of the Day
Soybeans Turn Higher on Chinese Export Purchases
Front Month Nymex RBOB Gasoline Rose 1.32% to Settle at $2.1969 -- Data Talk
Front Month Nymex Natural Gas Fell 0.75% to Settle at $3.1910 -- Data Talk
Verizon Buys Indoor Positioning Company Senion
Personal Income Seen Down 2.7% in May -- Data Week Ahead Update
STOXX Europe 600 Index Ends 0.70% Higher at 455.23 -- Data Talk
FTSE 100 Index Ends 0.64% Higher at 7062.29 -- Data Talk
DAX Ends 1.00% Higher at 15603.24 -- Data Talk
CAC-40 Index Ends 0.51% Higher at 6602.54 -- Data Talk
STOXX Europe 50 Index Ends 0.60% Higher at 3546.36 -- Data Talk
EURO STOXX 50 Index Ends 0.71% Higher at 4112.33 -- Data Talk
FTSE 100 Closes Higher Despite Opening Fall
Shipments of U.S. Corn to China Turn Higher
Bayer Files for U.S., EU Approval of Aliqopa/Rituximab Combo
Amazon Germany Workers Strike on Prime Day, Request Collective Agreement -- Update
Amazon Germany Workers Strike on Prime Day, Request Collective Agreement
Alset EHome in Strategic Agreement With Tesla for Solar Panels, EV Chargers
Spain Hires Banks for 10-Year Bond Syndication
U.S. Economic Growth Picked Up in May -- Chicago Fed
FTSE Struggles, Tesco's Outlook Disappoints Investors, But Profit Remains Resilient
Naturgy to Invest $1.09 Billion in Spanish Networks via Distribution Unit
Porsche Backs Production of High-Performance Battery Cells in Germany
Agios Files for FDA OK of Mitapivat in PK Deficiency
DERBENSKI   Tuesday, 02/24/09 12:00:18 PM
Re: Wayne R post# 87
Post # of 90 
Maybe because we were right lol, it has all come to pass. There is not enough money in the world to bail out this mess. If you took all of the foreign exchange reserves that were not denominated in USD and bought treasuries it might get us by another year.... We have a year or two before it all falls apart. Right now they are stalling to spend the money, only 107 billion of the stimulus gets spent this year, 236 billion the next.

That is just the stimulus bill, does not count the impending bank bailouts which is where the real cost are going to be. The debt markets themselves will not be able to sop up the mess. The new Obama homeowner bailout mortgage mod plan will be fixed at 105% Loan to value which means that the primary states that have foreclosure problems will be left out!

This is typical of all the proposed bailouts which is that there is always some little issue that keeps the money from being spent. We now have 100's of billions of bailout programs that people will not qualify for or are bad deals that people will not take. Congress throws out a big number which makes it look like they have it under control but when you scratch below the surface they can't spend the money!

In short, all the bailout programs for homeowners are fake and will help few. This has been common practice so far.

Derb

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences