After the "bailout"

And I'm trying to be optimistic here: 1. Credit markets will remain frozen to a large extent. Bail out does not solve the root cause of the problem, nor will it prevent major and catastrophic unwinding. 2. We will see many many runs on banks. The Amerikan public is outraged, and also scared. Steath (if there is such a thing) runs already occuring en masse among the wealthier 3. Businesses of all types will fail. 4. Thousands of restaurants and many of your favorite chains will cease to exist. 5. Many gas stations wil shut down, especially ones that are two or 3 to a corner intersection 6. Bonds and bond funds will get crushed. Any people in financial bonds should get out now while they can. 7. Interest rates will have to go up. China and other countries will not only slow buying, but will sell off existing debt if they can find buyers. 8. Long bond yields will rise tremendously, forcing the fed's hand 9. More "bail out" measures will be taken in vein, unles they somehow get "wisdom" and follow some of methods prescribed by Roubini and others as to how to solve this. DO NOT LISTEN TO BUFFET. He is only protecting himself and his own arse ! They are using him as a sounding horn to "calm the public." 10. Shortages will occur caused by interruptions in distribution, exacerbated by shortages of refined petroleum products, especially diesel. 11. Some major refineries will be shut permanently and unexpectedly. 12. Deflation in many assets, especially hosuing wil continue unabated. This is not the bottom nor anywhere near, if you understand what is taking place in the $62 trillion CDO market, and the unwinding of $500 trillion in notional bad bets (ooops I meant derivatives) 13. Probably a run on gun shops. 14. Probably runs on key survival items far worse than y2k. Generators, batteries, solar power, caves (ha !Rodger's fav), and other less obvious things. 15. Sell off in many mutual funds, and cashing out of money markets. 16. Possibly a run on CD's, or other instruments "perceived" to be safe but not neccesarily so. 17. Some municipalities collapsing, with many more annoucing exposure to derivatives and other toxic debt. 18. Some small towns and exerbs that are way in the distant becoming literal ghost towns. 19. I won't talk about industry, but lets just say it wont be pretty. 20. Desparation at many charities as funding simply dries up (as it already has for the WS banking firms used to donate rather large sums.) We will somehow continue to function, and much of this may not play out in the depth I've described, but the dislocations will be highly disruptive to many, and folks who thought they were retired may be in for some major changes, along with the rest of the middle class who may no longer consider themselves even borderline middle class once the next 1000 days are over. The worse thing this bail out does is lull folks into a sense of further and continued complacency. the deer in headlight syndrome continues, bc everybody wants and believes in quick fixes with no pain. or little pain. I believe America's "leaders" have done us all a huge injustice, and by saying that if we don't do this bailout we will have a prolonged and deep recession, is immoral at best, and criminal at worst. We will not only have that but far worse. That is the fallacy and myth of this whole thing. To believe it (this type of $700 bailout) NEEDS to be done, and that there are no other alternatives, is simply and utterly absurb. Over 150 expert economists have given this a thumbs down thus far, and worse most are not even being consulted. I really have to say, please pray for some wisdom and true leadership in this country. I hope people in the elections do a write in candidate, just to vote no against the two worthless slobs we have for consideration. That would be the true and only way Americans could send a strong message. Both parties are corrupt, and they should all be ousted along with the CEO's of the 7000 or more federal banks and major financial institutions. They were all handed a script at midnight last night to use in their schpiels to the media. " We are making great progress." every darn one of them said that this morning on the networks. Wha they failed to say, is that we are making great progress toward the changeover of this society to the United Socialists States Regime of America. USSRA.

I found a great deal on a time-share cave.

End of the world is still few years away. Enjoy the illusion while it lasts.

And I'm trying to be optimistic here:

1. Credit markets will remain frozen to a large extent. Bail out does not solve the root cause of the problem, nor will it prevent major and catastrophic unwinding.
2. We will see many many runs on banks. The Amerikan public is outraged, and also scared. Steath (if there is such a thing) runs already occuring en masse among the wealthier
3. Businesses of all types will fail.
4. Thousands of restaurants and many of your favorite chains will cease to exist.
5. Many gas stations wil shut down, especially ones that are two or 3 to a corner intersection
6. Bonds and bond funds will get crushed. Any people in financial bonds should get out now while they can.
7. Interest rates will have to go up. China and other countries will not only slow buying, but will sell off existing debt if they can find buyers.
8. Long bond yields will rise tremendously, forcing the fed's hand
9. More "bail out" measures will be taken in vein, unles they somehow get "wisdom" and follow some of methods prescribed by Roubini and others as to how to solve this. DO NOT LISTEN TO BUFFET. He is only protecting himself and his own arse ! They are using him as a sounding horn to "calm the public."
10. Shortages will occur caused by interruptions in distribution, exacerbated by shortages of refined petroleum products, especially diesel.
11. Some major refineries will be shut permanently and unexpectedly.
12. Deflation in many assets, especially hosuing wil continue unabated. This is not the bottom nor anywhere near, if you understand what is taking place in the $62 trillion CDO market, and the unwinding of $500 trillion in notional bad bets (ooops I meant derivatives)
13. Probably a run on gun shops.
14. Probably runs on key survival items far worse than y2k. Generators, batteries, solar power, caves (ha !Rodger's fav), and other less obvious things.
15. Sell off in many mutual funds, and cashing out of money markets.
16. Possibly a run on CD's, or other instruments "perceived" to be safe but not neccesarily so.
17. Some municipalities collapsing, with many more annoucing exposure to derivatives and other toxic debt.
18. Some small towns and exerbs that are way in the distant becoming literal ghost towns.
19. I won't talk about industry, but lets just say it wont be pretty.
20. Desparation at many charities as funding simply dries up (as it already has for the WS banking firms used to donate rather large sums.)

We will somehow continue to function, and much of this may not play out in the depth I've described, but the dislocations will be highly disruptive to many, and folks who thought they were retired may be in for some major changes, along with the rest of the middle class who may no longer consider themselves even borderline middle class once the next 1000 days are over.

The worse thing this bail out does is lull folks into a sense of further and continued complacency. the deer in headlight syndrome continues, bc everybody wants and believes in quick fixes with no pain. or little pain.

I believe America's "leaders" have done us all a huge injustice, and by saying that if we don't do this bailout we will have a prolonged and deep recession, is immoral at best, and criminal at worst. We will not only have that but far worse. That is the fallacy and myth of this whole thing. To believe it (this type of $700 bailout) NEEDS to be done, and that there are no other alternatives, is simply and utterly absurb.
Over 150 expert economists have given this a thumbs down thus far, and worse most are not even being consulted.

I really have to say, please pray for some wisdom and true leadership in this country. I hope people in the elections do a write in candidate, just to vote no against the two worthless slobs we have for consideration.

That would be the true and only way Americans could send a strong message. Both parties are corrupt, and they should all be ousted along with the CEO's of the 7000 or more federal banks and major financial institutions.

They were all handed a script at midnight last night to use in their schpiels to the media. " We are making great progress." every darn one of them said that this morning on the networks. Wha they failed to say, is that we are making great progress toward the changeover of this society to the United Socialists States Regime of America. USSRA.

it truly is a sad day here in america....what pisses me off even more is that no matter how much we do right...the people in my camp who pay their bills, save money, work hard and yet we are going to get screwed....i truly believe that the only way we change this corrupt system is not by sending emails, we need a march on washington the likes it has never seen...no other way to stop this maddness...so sad indeed

can you help to organize it ? I wonder how many would do that ? I'm contemplating getting a bullhorn for my car, and riding through the local area and asking votes to do something, anything, to stop this nonsense. Its time we all seriously consider what we might do to take back America ! My folks have been hurt badly by this stuff, and they were pretty well diversified and had what they thought were top notch advisors. I was shocked to learn this the past few days. They will survive, but you will find few people as conservative in their investing as they have been. (other than putting it under a mattress) This mess is beyond words really for me. I am quite angry about it, and am going to think how I can do something to make a difference. Writing folks is truly not enough, as they only listen to special interests and the lobbyists who bribe them. They have taken far too much out of our hides. I hope this mess fosters some real action and outrage by the public. Not just a few, or a minority but a mega majority. This politicians need to be made scared stiff. It needs to be a message so overwhelming, that it overrides the special interests and the corporate bribes and corrupt lobbying system.

I honestly don't think that the average man will suffer except at the hands of inflation.
Were the plan to fall through, the working class might very well finally get their productivity bonus, which was stolen from them by expansionary monetary policy.
What people don't know is just how much was stolen from them.

And I'm trying to be optimistic here:

1. Credit markets will remain frozen to a large extent. Bail out does not solve the root cause of the problem, nor will it prevent major and catastrophic unwinding.
2. We will see many many runs on banks. The Amerikan public is outraged, and also scared. Steath (if there is such a thing) runs already occuring en masse among the wealthier
3. Businesses of all types will fail.
4. Thousands of restaurants and many of your favorite chains will cease to exist.
5. Many gas stations wil shut down, especially ones that are two or 3 to a corner intersection
6. Bonds and bond funds will get crushed. Any people in financial bonds should get out now while they can.
7. Interest rates will have to go up. China and other countries will not only slow buying, but will sell off existing debt if they can find buyers.
8. Long bond yields will rise tremendously, forcing the fed's hand
9. More "bail out" measures will be taken in vein, unles they somehow get "wisdom" and follow some of methods prescribed by Roubini and others as to how to solve this. DO NOT LISTEN TO BUFFET. He is only protecting himself and his own arse ! They are using him as a sounding horn to "calm the public."
10. Shortages will occur caused by interruptions in distribution, exacerbated by shortages of refined petroleum products, especially diesel.
11. Some major refineries will be shut permanently and unexpectedly.
12. Deflation in many assets, especially hosuing wil continue unabated. This is not the bottom nor anywhere near, if you understand what is taking place in the $62 trillion CDO market, and the unwinding of $500 trillion in notional bad bets (ooops I meant derivatives)
13. Probably a run on gun shops.
14. Probably runs on key survival items far worse than y2k. Generators, batteries, solar power, caves (ha !Rodger's fav), and other less obvious things.
15. Sell off in many mutual funds, and cashing out of money markets.
16. Possibly a run on CD's, or other instruments "perceived" to be safe but not neccesarily so.
17. Some municipalities collapsing, with many more annoucing exposure to derivatives and other toxic debt.
18. Some small towns and exerbs that are way in the distant becoming literal ghost towns.
19. I won't talk about industry, but lets just say it wont be pretty.
20. Desparation at many charities as funding simply dries up (as it already has for the WS banking firms used to donate rather large sums.)

We will somehow continue to function, and much of this may not play out in the depth I've described, but the dislocations will be highly disruptive to many, and folks who thought they were retired may be in for some major changes, along with the rest of the middle class who may no longer consider themselves even borderline middle class once the next 1000 days are over.

The worse thing this bail out does is lull folks into a sense of further and continued complacency. the deer in headlight syndrome continues, bc everybody wants and believes in quick fixes with no pain. or little pain.

I believe America's "leaders" have done us all a huge injustice, and by saying that if we don't do this bailout we will have a prolonged and deep recession, is immoral at best, and criminal at worst. We will not only have that but far worse. That is the fallacy and myth of this whole thing. To believe it (this type of $700 bailout) NEEDS to be done, and that there are no other alternatives, is simply and utterly absurb.
Over 150 expert economists have given this a thumbs down thus far, and worse most are not even being consulted.

I really have to say, please pray for some wisdom and true leadership in this country. I hope people in the elections do a write in candidate, just to vote no against the two worthless slobs we have for consideration.

That would be the true and only way Americans could send a strong message. Both parties are corrupt, and they should all be ousted along with the CEO's of the 7000 or more federal banks and major financial institutions.

They were all handed a script at midnight last night to use in their schpiels to the media. " We are making great progress." every darn one of them said that this morning on the networks. Wha they failed to say, is that we are making great progress toward the changeover of this society to the United Socialists States Regime of America. USSRA.

Edited by James Quillian, 28 September 2008 - 01:52 PM.