Baloney. Watch what happens with Dow 12k and below. Massive redemptions with penalties.....massive moves into money market instruments. Boomers-in-panic. They don't want to retire to Tennessee tar paper shacks.
I think it all comes to outside money (Middle East, Asia) and the true extent of the sub-prime lending crisis. Or perhaps the market was looking for an excuse to sell off and the minutes were the spark. I ma sure Mr. B will speak and try to reassure the public that things will be "fixed". After all theminutes stated that if this crisis continues, there will be a "solution" provided to stabilize the markets. Well, let's stabilize it then!
"The boomer liquidation has already been PROVEN by economists to POSSIBLY be bunk." Are you fucking kidding me? You are too much stock, 3000+ post of this quality? Yep, you know how everything works! Wow.
Once again putz, you are on ignore, but when someone quotes you I regrettably have to see it. I figured you would be stupid enough to answer me, bingo I was right. You go back on ignore now, but seriously, do YOU even believe the shit you post here? Do you ever proofread any of you're posts?
<i>"After all the minutes stated that if this crisis continues, there will be a "solution" provided to stabilize the markets. Well, let's stabilize it then!"</i> There is no solution, no easy cure from the Fed. Just bandaids slapped on here & there to staunch arterial bleeds. The subprime mtg fiasco has barely begun to ripple thru. This fed nor any other govt has the resources to bail out every penny. The LTCM bailout wasn't a global web of banks... it was one intellectually stupid hedgefund. The Asian contagian wasn't global, it was regional. The Russian crisis wasn't global, it was regional. This time, the problem is global. A U.S. govt solution does not cure a global crisis... that bubble must take its course, sooner or later. Four long years of a straight-up bull market, one of the longest in recorded market history. Built upon a base of cheap money and flooded liquidity on a world-wide basis. Eventually, repos get called in. Notes come due. Pipers get paid, unless there ain't enough to go around. All cycles come to an end. This one will, too. Perhaps it already has
"The boomer liquidation theory has already been proven by many economists to possibly be bunk." I suppose someone, somewhere has. I always got the impression that the call for partial privatization of social security was designed to counter withdrawals from the market. The problem is administering it. Who would handle the money, the accounts, etc.?