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2008-03-17 Home Front Economy

Ben Stein:Irrational Times Call for Rational Measures

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Posted by Nimble Spemble 2008-03-17 11:01|| || Front Page|| [7 views ] Top

#1 For every one who leaves the field, someone else says, "There's money on the table..."

Posted by M. Murcek">M. Murcek 2008-03-17 11:42|| 2008-03-17 11:42|| Front Page Top

#2 Deleveraging is going to be a painful but good thing.

Ben Stein is a smart guy.

Follow the money someone is making a killing on all this turmoil.

Posted by Sock Puppet of Doom 2008-03-17 13:00|| 2008-03-17 13:00|| Front Page Top

#3 Ben Stein is irrational. If the FED bails everyone next time will be much worse. It's painful but the bear muct run.

Posted by Eohippus Hupomock2152 2008-03-17 14:02|| 2008-03-17 14:02|| Front Page Top

#4 May as well crack that investigation starting now. I am certain you will find a money hole pointing to soros or some other clown like him.

Posted by newc">newc 2008-03-17 14:03|| 2008-03-17 14:03|| Front Page Top

#5 There's no doubt there's a Soros taking advantage of this problem but that doesn't mean he created it or that it's his fault. If you want to see the culprit, look in the mirror. I've seen the enemy and it's us.

Posted by Nimble Spemble 2008-03-17 14:54|| 2008-03-17 14:54|| Front Page Top

#6 I'm with E.H. TIme for some consequences and a 9% prime rate. A little intense sufferning now, a lot less prolonged agony later.

Posted by no mo uro 2008-03-17 15:03|| 2008-03-17 15:03|| Front Page Top

#7 A 9% prime rate will put those barely able to hold on at 6% straight into bankruptcy. I grant that they were fools to leverage themselves to the hilt on the assumption that bigger fools down the road would pay for it, but even so. Other than that, I'm sure Nimble Spemble is right -- so many small borrowers spent their refinance money to pay down credit cards that they then ran up again, so many small investors bought into mortgage-based derivative funds they had no possibility of understanding, so many managers of said funds (who didn't really understand the complexities either) long since spent their bonusses on living the good life. If I recall correctly, Mr. Soros specializes in currency speculation, so his probable bet against the dollar would be derivative of all the rest, but not a root cause. Not that he isn't cackling like a mad hen these days, and considering how best to spread his new excess amongst the political candidates.

And let's not forget, the European banks are in even worse shape, not only because they speculate more, but because a couple of low level traders lost at least billions in imaginary trades.

Posted by trailing wife ">trailing wife 2008-03-17 19:22|| 2008-03-17 19:22|| Front Page Top

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