DISQUS

cosanostradamus · 12 months ago

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So, it turns out the sky is falling. Not?

Eat the rich and be done with it. Then outlaw huge wealth. Then have a beer.

Or Crack for Christmas.
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Akaison · 12 months ago

I am not sure how to take your post. I hope I am not understanding you.

It's funny- the only one's to make out well from the collapse of the finance industry were the one's who caused the collapse. They are still getting their bonuses.

What's in your 401(k)?

I don't know- maybe you are the bored rich slumming it with those of us who just payed for your bonus.

Otherwise, I don't get most Americans. I have some tangential involvement in cases that are coming out of this. They fucked us with a rusty nail covered in pig shit, and some turn around to say, "thank you, more please." I just don't get it. This is capitalism. That I can understand because there are winners and losers. This is more like winners and idiots.

Unless you are one of the people getting the bonus, you are one of the idiots.

cosanostradamus · 12 months ago

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Yeah. You're not getting it, trollie. You pompous idiot.

"401k" So, you've been funding these *ssh*les for YEARS, and you just realized they were screwing you? BWAH-HAW-HA-HA-HA-HAH!!!!!

Halliburton thanks you. Next time, put your money where your stupid mouth is, trollie.
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Asterix · 12 months ago

I chuckle when I think of the oilers who insisted that the precipitous rise in the price of oil had nothing to do with speculation and hedge funds. Peak Oil! Supply and Demand! I hope the speculators got their clocks cleaned.

B*llsh*t.

example · 12 months ago

Cramer never said anyone should invest in bear sterns, or hold on to the stock. What he said was that people shouldn't close their accounts with them, because they would get bought out. And, that's exactly what happened.

Obviously, Cramer has his issues, but people criticizing him on this point are really taking his comments out of context.

Indigo · 12 months ago

We need new predictors. And that's alright! Fire the lot 'em. Gaud will sort them out.

Older_Wiser · 12 months ago

All those who kept on insisting (even through 2008) that a "service economy" would keep the economy in the US thrumming along while the manufacturing base was eroded by those at the top.

"Service economy" also means all those paper pushers who manipulate money and investments on Wall St. And they want to indict organized labor who tried to keep manufacturing in the US?

Assholes.

PrahaPartizan · 12 months ago

None of the failed predictions should have surprised anyone. Almost invariably the "predictions" were offered not as independent analysis but as justification for already failed positions by people who would benefit directly by the outcome they were forecasting. All they really wanted was for the believers to make one last gulp of the hook before they realized the poison they were being offered.

Reason0Politics1 · 12 months ago

Chris, one thing you seem to consistently miss on is this; the markets are managed. All of them. Just about everything in our life is managed at this point, brother. Look at the PPT; basically commonly acknowledged, where me and many others were ostracized for such talk not that long ago; yet here we have the fed / treasury buying up indexes. its the ONLY reason the dow isn't 4-5k. Look at Precious metals. Demand screaming, supply exhausted, yet prices were low? wtf? more management.

Most likely the US will begin to default on its debt by march, if not, then june july. they can't keep this facade up any longer. then bank holiday. then re valued currency or new replacement currency.

We were beyond broke 2 years ago, now..add 8 TRILLION more thrown at wall street already. screw the deceitful bs about half of tarp; utter tripe.. they have thrown more than 8 TRILLION already, and still the derivatives threaten. All borrowed or printed. we are toast.

katiec · 12 months ago

Over the last few years we have had so called financial experts touting there could never be another depression as we haved too many checks and balances. Well, the greed of the financial institutions evidently overrode all our safety nets.
Either that or our "experts" didn't know what they
were talking about. Do you think?