Announcement

Collapse
No announcement yet.

Obama XXIV: Forward ... pause ... rewind ... play

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Re: Obama XXIV: Forward ... pause ... rewind ... play

    Originally posted by FlagDUDE08 View Post
    It doesn't mean the market is wrong, it means that I'm not involved in any transactions of the sort, and I explained why. Are all *******s emotional? Use some logic, for crying out loud!
    So put your money where your mouth is. There are funds out there that let you bet against U.S. government securities (some politicians even hold some of those, as though that isn't a conflict of interest). If you're so certain we should be junk status even though every other market indicator tells us otherwise, you'll make a fortune.
    Last edited by unofan; 08-23-2012, 10:19 PM.

    Comment


    • Re: Obama XXIV: Forward ... pause ... rewind ... play

      Originally posted by Old Pio View Post
      This definitely made me laugh. Probably not even remotely at what it made you laugh at, but it was definitely hilarious.

      Comment


      • Re: Obama XXIV: Forward ... pause ... rewind ... play

        Originally posted by unofan View Post
        So put your money where your mouth is. There are funds out there that let you bet against U.S. government securities (some politicians even hold some of those, as though that isn't a conflict of interest). If you're so certain we should be junk status even though every other market indicator tells us otherwise, you'll make a fortune.
        Just take one look at commodity investments.

        Comment


        • Re: Obama XXIV: Forward ... pause ... rewind ... play

          Originally posted by sagard View Post
          Forbes and Mitt will be great together.

          http://www.forbes.com/sites/boblutz/...y-op-ed-pieces

          Just keep talking both sides of an issue and your always right!

          Have to think bailouts are over.
          I don't mind a freewheeling discussion that shows two different opinions. I give the mag credit for that.

          Geezer, did somebody driving a GM car run over your dog? "I know somebody who said...." = baseless tripe. If nobody is buying GM cars, why are they the best selling worldwide? A point you refuse to address becuase it doesn't fit your narrative. Have your imaginary friend show up with some proof of these accusations please. Otherwise I will post about my friend in the know who claims that geezer has 6 wives but only two of them are human and the others are farm animals. I have no proof of this, but hey, that doesn't seem to matter anymore.
          Legally drunk???? If its "legal", what's the ------- problem?!? - George Carlin

          Ever notice how everybody who drives slower than you is an idiot, and everybody who drives faster is a maniac? - George Carlin

          "I've never seen so much reason and bullsh*t contained in ONE MAN."

          Comment


          • Re: Obama XXIV: Forward ... pause ... rewind ... play

            Originally posted by Rover View Post
            I don't mind a freewheeling discussion that shows two different opinions. I give the mag credit for that.

            Geezer, did somebody driving a GM car run over your dog? "I know somebody who said...." = baseless tripe. If nobody is buying GM cars, why are they the best selling worldwide? A point you refuse to address becuase it doesn't fit your narrative. Have your imaginary friend show up with some proof of these accusations please. Otherwise I will post about my friend in the know who claims that geezer has 6 wives but only two of them are human and the others are farm animals. I have no proof of this, but hey, that doesn't seem to matter anymore.
            All just like Biden and Mitt's taxes, eh?

            Comment


            • Re: Obama XXIV: Forward ... pause ... rewind ... play

              Originally posted by Rover View Post
              I don't mind a freewheeling discussion that shows two different opinions. I give the mag credit for that.

              Geezer, did somebody driving a GM car run over your dog? "I know somebody who said...." = baseless tripe. If nobody is buying GM cars, why are they the best selling worldwide? A point you refuse to address becuase it doesn't fit your narrative. Have your imaginary friend show up with some proof of these accusations please. Otherwise I will post about my friend in the know who claims that geezer has 6 wives but only two of them are human and the others are farm animals. I have no proof of this, but hey, that doesn't seem to matter anymore.
              I already tried to explain to you why the stock is awful, but you just don't seem to listen, do you?

              Reminder to self: Never try to explain the stock market to a communist.

              Comment


              • Re: Obama XXIV: Forward ... pause ... rewind ... play

                Originally posted by unofan View Post
                Good lord. The derp is strong with this one.

                You do realize the only reason we lost our AAA status is because the tea party refused to accept 98% of what they wanted, right? It's not the debt that caused the downgrade, but the fact certain politicians were actively pushing us to default.

                The credit markets will tell us when we're junk status, because they'll stop being willing to lend to us at record low rates. Or are you now going to tell me your revered market is wrong?
                You really think our credit rating wouldn't have been downgraded due to the federal government's deteriorating financial status, regardless of what the tea party did or didn't do? Wow. You could argue the timing might have been slightly different, but the downgrade (and probably more) had been in the cards for awhile and was broadly expected.
                Originally posted by Priceless
                Good to see you're so reasonable.
                Originally posted by ScoobyDoo
                Very well, said.
                Originally posted by Rover
                A fair assessment Bob.

                Comment


                • Re: Obama XXIV: Forward ... pause ... rewind ... play

                  Originally posted by Bob Gray View Post
                  You really think our credit rating wouldn't have been downgraded due to the federal government's deteriorating financial status, regardless of what the tea party did or didn't do? Wow. You could argue the timing might have been slightly different, but the downgrade (and probably more) had been in the cards for awhile and was broadly expected.
                  To be honest, if you set your own debt limit, your credit rating should be decreased every time you increase your own limit because your debt level is close to your limit. If, in better times, you choose to increase your debt limit for inflationary purposes, that's understandable, but doing it because you can't pay your bills is just plain unacceptable. It'd be like me going to the credit card company when I have a $4950 debt on a card with a $5000 limit and asking them to increase my limit. What do you think they're going to say? I actually want you to answer this question, unofan.

                  Comment


                  • Re: Obama XXIV: Forward ... pause ... rewind ... play

                    Possibly could have happened this summer when they dropped everyone in Europe not called the Netherlands or Germany.
                    "I went over the facts in my head, and admired how much uglier the situation had just become. Over the years I've learned that ignorance is more than just bliss. It's freaking orgasmic ecstasy".- Harry Dresden, Blood Rites


                    Western Michigan Bronco Hockey- 2012 Mason Cup Champions

                    Comment


                    • Re: Obama XXIV: Forward ... pause ... rewind ... play

                      Originally posted by bronconick View Post
                      Possibly could have happened this summer when they dropped everyone in Europe not called the Netherlands or Germany.
                      Credit agencies are not like government agencies. They don't downgrade entities in one felt swoop. Plus, the downgrade happened 5 August 2011, not 2012. http://www.washingtonpost.com/busine...IxI_story.html

                      Comment


                      • Re: Obama XXIV: Forward ... pause ... rewind ... play

                        Originally posted by FlagDUDE08 View Post
                        Credit agencies are not like government agencies. They don't downgrade entities in one felt swoop. Plus, the downgrade happened 5 August 2011, not 2012. http://www.washingtonpost.com/busine...IxI_story.html
                        Bob was saying that the Tea Party at most, changed the timing of when the downgrade was going to occur, not that one would ever happen. I was making a suggestion as to when it could have happened if there hadn't been a debt ceiling fight in 2011- This summer, when the credit agencies, you know, downgraded 7 European nations in one fell swoop.
                        "I went over the facts in my head, and admired how much uglier the situation had just become. Over the years I've learned that ignorance is more than just bliss. It's freaking orgasmic ecstasy".- Harry Dresden, Blood Rites


                        Western Michigan Bronco Hockey- 2012 Mason Cup Champions

                        Comment


                        • Re: Obama XXIV: Forward ... pause ... rewind ... play

                          Originally posted by bronconick View Post
                          Bob was saying that the Tea Party at most, changed the timing of when the downgrade was going to occur, not that one would ever happen. I was making a suggestion as to when it could have happened if there hadn't been a debt ceiling fight in 2011- This summer, when the credit agencies, you know, downgraded 7 European nations in one fell swoop.
                          Actually, it was the entire Congress's inactivity that delayed the downgrade. They could have prevented a downgrade by immediately reining in discretionary spending not involving the honour of contracts and not raising the debt limit. As for the "fell swoop", it was pure coincidence. Credit agencies looked at each entity individually and made a decision, but like any company, they likely made the statement at one time in order to make you think it was just a blanket downgrade.

                          Comment


                          • Re: Obama XXIV: Forward ... pause ... rewind ... play

                            Originally posted by bronconick View Post
                            Bob was saying that the Tea Party at most, changed the timing of when the downgrade was going to occur, not that one would ever happen. I was making a suggestion as to when it could have happened if there hadn't been a debt ceiling fight in 2011- This summer, when the credit agencies, you know, downgraded 7 European nations in one fell swoop.
                            I tend to think that it would have happened sometime around when the downgrade actually took place, but you could be right. I'd note that, IIRC, there have been other European downgrades besides the ones you reference, so under your theory it could have happened during one of those times also. I just recall at the time a lot of trade press articles said that the downgrade had been coming and was no real surprise to anyone. Really, I think we're fortunate to not have been downgraded further.
                            Originally posted by Priceless
                            Good to see you're so reasonable.
                            Originally posted by ScoobyDoo
                            Very well, said.
                            Originally posted by Rover
                            A fair assessment Bob.

                            Comment


                            • Re: Obama XXIV: Forward ... pause ... rewind ... play

                              Originally posted by Bob Gray View Post
                              I tend to think that it would have happened sometime around when the downgrade actually took place, but you could be right. I'd note that, IIRC, there have been other European downgrades besides the ones you reference, so under your theory it could have happened during one of those times also. I just recall at the time a lot of trade press articles said that the downgrade had been coming and was no real surprise to anyone. Really, I think we're fortunate to not have been downgraded further.
                              I only noticed this one because I was going to start complaining if France still had a AAA rating while we didn't.
                              "I went over the facts in my head, and admired how much uglier the situation had just become. Over the years I've learned that ignorance is more than just bliss. It's freaking orgasmic ecstasy".- Harry Dresden, Blood Rites


                              Western Michigan Bronco Hockey- 2012 Mason Cup Champions

                              Comment


                              • Re: Obama XXIV: Forward ... pause ... rewind ... play

                                Originally posted by bronconick View Post
                                I only noticed this one because I was going to start complaining if France still had a AAA rating while we didn't.
                                Big picture, our finances are gradually decaying and as they get worse more downgrades are inevitable.
                                Originally posted by Priceless
                                Good to see you're so reasonable.
                                Originally posted by ScoobyDoo
                                Very well, said.
                                Originally posted by Rover
                                A fair assessment Bob.

                                Comment

                                Working...
                                X