Re: Russia, ISS, and the New Cold War
On Tue, 30 Sep 2008 05:32:52 -0700 (PDT), in a place far, far away,
Quadibloc <jsavard@xxxxxxxxx> made the phosphor on my monitor glow in
such a way as to indicate that:
On Sep 29, 8:28 pm, Willie.Moo...@xxxxxxxxx wrote:
the market lost $7 trillion today - 10x larger than the bailout
package. It will lose $14 trillion tomorrow. 20x larger than the
bailout package.
So the bailout had to go down to defeat today. Had it not, people
would REALLY be scared at the losses that continue to mount.
You really don't understand cause and effect, do you? The money left
the market *because* the bailout package failed. The bailout could
have restored investor confidence. So, if a missing $700 million
causes $7 trillion to leave the market today, then a missing $7
trillion... never mind $14 trillion tomorrow; $70 trillion may be more
like it.
All for the want of a measly $700 million. Maybe the flow can be
staunched with a $2 trillion bailout - delay costs money - applied to
the right places, but the time is short.
Mook is out of his mind. The market loss yesterday was a little over
a trillion, most of which was made up today.
.
Relevant Pages
- Re: Russia, ISS, and the New Cold War
... the market lost $7 trillion today - 10x larger than the bailout ... It will lose $14 trillion tomorrow. ... is that the Shanghai market is doing fine (page ... democrats could be blamed for the collapse. ...
(sci.space.policy) - Where Am I
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(comp.lang.java.softwaretools) - Re: Constitutional question
... :> The derivatives market, the mortgage market and the subsequent meltdown ... Oh and BTW Phil Gramm was John Macain's economic advisor ... Lurking in the background of this weekend's collapse of two of Wall Street's biggest names, is a $62 trillion segment of the $450 trillion market for derivatives that grew huge thanks to John McCain's chief economic advisor, Phil "Americans are Whiners" Gramm. ... As I posted, in the case of the $1.4 trillion worth of Fannie Mae and Freddie Mac bonds, the government's nationalization last Sunday triggered the CDSs on those bonds. ...
(sci.military.naval) - Re: Constitutional question
... :>:> The derivatives market, the mortgage market and the subsequent meltdown ... Oh and BTW Phil Gramm was John Macain's economic advisor ... Lurking in the background of this weekend's collapse of two of Wall Street's biggest names, is a $62 trillion segment of the $450 trillion market for derivatives that grew huge thanks to John McCain's chief economic advisor, Phil "Americans are Whiners" Gramm. ... As I posted, in the case of the $1.4 trillion worth of Fannie Mae and Freddie Mac bonds, the government's nationalization last Sunday triggered the CDSs on those bonds. ...
(sci.military.naval) - Re: Obama say the fundamental of the economy are strong!
... People want cars. ... The stock market has responded for five ... TRILLION dollars out of thin air... ... Housing and the stock market have suffered ...
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