Ok, so you don't like how humans get when the disparity of wealth becomes too great. Neither do I. Now do something about it besides buy guns. Perhaps you'll figure a way to rewire the primate brain. I'd certainly appreciate that. Seriously.
Whining about disparity of wealth is just such a tired old leftist hack job. There has always been a disparity of wealth, and there always well. And this is how it should be. If you think people are pissed off because of a disparity of wealth, you should see them when everyone has the same wealth regardless of work ethic or talent or ambition. Instead of shared wealth, all you will have is shared misery.
Its amazing to me how many losing traders are socialists. When did you become a socialist? After you lost all your money trading and after you lost all your time hanging out on trading chat boards? Or where you a socialist before you lost all your money and time?
. October 16, 2007 SouthAmerica: I just want to remind all you guys that October is always a special month to have a major stock market crash. The big one is coming but I am not sure if it will happen in 2007, 2008, 2009, 2010 or even 2012 â but you can bet the new crash is around the corner. Basically you have two excellent choices to choose from right now: you can commemorate the 20 year anniversary of the 1987 crash right now with another crash, or you can wait another 2 years and commemorate the 1929 crash with a crash even bigger than that one. I wonder when the new fireworks will start⦠.
just a few(120) instances where krugman was either wrong or biased http://home.pacbell.net/weidners/jottings2/krugman_index.htm
. October 16, 2007 SouthAmerica: Reply to Arnie What are you suggesting that we skip the month of October every year? And have a new calender with only 11 months? That's a good one Arnie. A very good solution to avoid a new stock market crash here in the United States. .
. October 16, 2007 SouthAmerica: By the way, Wall Street is always innovating and creating new gimmicks â Why they donât do some innovation in that are as well, and have a big stock market crash in some other month of the year? Why Wall Street mindset regarding big crashes is stuck in the month of October? Maybe oil prices at $ 100 a barrel or Turkey attacking the Kurds will do the trick and voila we have the crash of 2007. Anyway we still have 2 weeks for the crash of 2007 â otherwise we have to wait for the crash of 2009 â 2008 is not a good year for a stock market crash since it is an election year and people will be busy in October of 2008 with the coming elections. .
A big part of crashes occuring in October may be that 3rd quarter earnings come out and give everyone a general picture of how the DJIA companies are going to fair for the entire year. I don't have the historical data, but it would be interesting to see what the earnings numbers were for 1987. Throw in poor economic numbers, and there you have it. I don't think we will see a crash by any means this year. It would be too early to panic at this point. Even with the bad news about the housing market that has been coming out, homeowner confidence is still above 50% which tells me panic selling is a ways off. If positive news does not come out over the course of 2008, then we may be in for a fairly big correction at best, if not an all out sell off (crash).
April 29, 2012 SouthAmerica: Because the mainstream media, and most economists are not recognizing that the new Great Depression is underway - very few people such as myself, has been saying for a few years that the âFirst Great Depression of the 21st Centuryâ has been underway. This is a very important point that most people doesn't understand and they don't grasp regarding the current âGreat Depressionâ: Only a few years in the future the mainstream media, and most economists in general will look back to this period in history that we are going through, and then they will finally start calling it the âFirst Great Depression of the 21st Century.â ***** Are we in midst of 2nd Great Depression? - April 28, 2012 <iframe width="420" height="315" src="http://www.youtube.com/embed/JeY8Ol0DcVM" frameborder="0" allowfullscreen></iframe> As austerity measures lead to the fall of yet another European government, some are beginning to question if this is a global recession, or something even worse. Our resident Lori Harfenist is in New York to find out what people there think. ***** Here are some of my postings here on ET about this subject: Economic Forecast for US Economy for 2012 and Beyond... http://www.elitetrader.com/vb/showthread.php?s=&threadid=233861 January 1, 2012 SouthAmerica: ...By the way, this new great depression that is underway, it will be a lot worse than the great depression of the 1930's. You might be wondering why the US mainstream media has not been using the term âGreat Depressionâ to described what has been going on in the economy of many countries all over Europe, and in the United States? Only few years in the future they will look back to this period that we are going through, and then they will start calling this period the âFirst Great Depression of the 21st Century.â ***** http://www.elitetrader.com/vb/showthread.php?s=&postid=755236&highlight=Great+Depression#post755236 May 25, 2005 Yesterday, May 23, 2005, when I was reading Paul Krugmanâs column in the New York Times: âAmerica Wants Security,â I did realize that Paul Krugman, an economist that I respect and believe that he will receive the Economic Nobel Prize in the future, was endorsing on his column what I have been saying on my articles about the US economy in the last two years. I have been writing about this subject for a long time, and this is the first time that I saw any economist writing about this subject in recent history, and it feels good to receive the endorsement, regarding what you have been saying, from an outstanding economist such as Mr. Paul Krugman. (Mr. Krugman said on his column that we can compare many of the events today with 1928, right before the beginning of the Great Depression.) I believe that we are living today in a period right prior to the beginning of the next great worldwide depression, and I have posted a number of treads regarding that subject. When Americans elected George W. Bush in November of 2004, that event has sealed their faith â and as a result they are going to experience what feels like to live through a nasty economic depression. During most of 2003, and 2004 I have been saying the following: ***** http://www.elitetrader.com/vb/showt...age=6&highlight=great depression&pagenumber=2 May 26, 2005 Here I am quoting from another article of mine that was published on "January 2003" on various newspapers and magazine. I wrote the article in December 2002, before the US forces invaded Iraq - article âGetting Ready for War.â I am quoting about half of that article as follows: â¦The Coming Economic Depression ***** Derivatives Meltdown http://www.elitetrader.com/vb/showt...age=6&highlight=great depression&pagenumber=1 August 30, 2005 SouthAmerica: The coming worldwide depression will start when the derivatives market blows off. What kind of event can take that market over the edge? Who knows? The derivatives market is a market that is on automatic pilot â going in which direction? Just God knows. The meltdown will start with a domino effect in the derivatives market â what will trigger such a meltdown? That will be the subject of case studies after the meltdown catches everyone by surprise. There are many scenarios that could trigger such a meltdown. The most basic one would be a natural disaster such as a major earthquake in the center of Tokyo that would cause a massive destruction. That would cause an immediate crash of the US dollar, and a possible meltdown in the derivatives market. ***** âOver 75 years ago Wall Street Crashed; but today the New Crash is already underwayâ¦.â http://www.elitetrader.com/vb/showt...782317&highlight=Great+Depression#post1782317 February 7, 2008 SouthAmerica: I wrote about this subject on various articles in the last few years, but as we approach very quickly the beginning of the New Great Depression it is worth to review some relevant information. This it is just a reminder to give people a chance to prepare for the coming hard times. .