The economy was built on a house of cards. Lending to those who couldn't even begin to repay. Unbelievably corrupt and incompetent lending practices. Almost utter lack of regulation which Bush still supports even now. To blame Obama is silly and demonstrates your utter lack of understanding about what is actually going on. You want to know how to avoid such disaster in the future? Take a look at Australia. We have the best economy in the world. Of the 18 most secure international banks in the world we have 4. (we only have 4 international banks!) we have strong growth, running a surplus and unemployment that was under 4%. No govt debt. Wanna learn how to run an economy right? Look downunder. In a year's time the difference wil be even more apparent.
-----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Michael Madigan Sent: Thursday, 27 November 2008 9:20 AM To: ProFox Email List Subject: RE: [OT] How to determine if a market has hit THE bottom. I blame the Obama campaign for spreading fear to the uninformed. Only a retard believes the economy is the worst since the Great Depression. The early 80s had 17% interest rates and 10% unemployement. And nobody in the 80s called it a depression. But if this idiot raises taxes now, then we can see a depression. ************************************************* Barack Obama is not My President http://www.cafepress.com/rightwingmike --- On Wed, 11/26/08, Geoff Flight <[EMAIL PROTECTED]> wrote: > From: Geoff Flight <[EMAIL PROTECTED]> > Subject: RE: [OT] How to determine if a market has hit THE bottom. > To: "'ProFox Email List'" <[email protected]> > Date: Wednesday, November 26, 2008, 5:37 PM > Economists have been saying for 2 years that a severe crash > and recession > were I imminent because of the financial house of cards > that had been built. > Obama was right in what he said. > > I just don't understand how you can seriously shift the > blame for economic > disaster to a CANDIDATE while excluding an 8year > presidency. Doesn't any > part of that sound just a little bit silly? > > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] On Behalf > Of Michael Madigan > Sent: Thursday, 27 November 2008 9:00 AM > To: ProFox Email List > Subject: RE: [OT] How to determine if a market has hit THE > bottom. > > For two years Obama's campaign has been saying over and > over again that the > economy was the worst since the Great Depression. > > OF course that was a lie. 6% unemployment and possitive > growth does not > make a depression. > > So of course people bailed when the market started to > crash. After all, it > was the Great Depression, right? > > > > ************************************************* > Barack Obama is not My President > http://www.cafepress.com/rightwingmike > > > --- On Wed, 11/26/08, Geoff Flight > <[EMAIL PROTECTED]> wrote: > > > From: Geoff Flight <[EMAIL PROTECTED]> > > Subject: RE: [OT] How to determine if a market has hit > THE bottom. > > To: "'ProFox Email List'" > <[email protected]> > > Date: Wednesday, November 26, 2008, 5:17 PM > > The truly odd thing about markets is that they are > drive as > > much my > > psychology as about fundamentals. That is why a > president > > or Prime Minister > > talking negatively about an economy actually drives it > down > > and vice versa. > > Same applies to well known economists etc. For reasons > > I've never > > understood, investors place great stock in the > opinions of > > people who > > sometimes have zero idea about what is happening. Half > of > > this loss is about > > confidence - not fundamentals. The markets are rising > and > > falling in mammoth > > swings on rumours and hints of rumours. Until that > ends and > > people actually > > use their heads and not their fears, true recovery > cannot > > start. The markets > > are one of the areas of life where optimism (like > > pessimism) can be > > self-fulfilling. > > > > -----Original Message----- > > From: [EMAIL PROTECTED] > > [mailto:[EMAIL PROTECTED] On Behalf > > Of Kristyne McDaniel > > Sent: Thursday, 27 November 2008 8:33 AM > > To: 'ProFox Email List' > > Subject: RE: [OT] How to determine if a market has hit > THE > > bottom. > > > > Madigan, > > > > > Care to explain this strange attack? > > > > Not much explanation needed. You scream doom and gloom > and > > then act > > surprised when gloom and doom happen. > > > > Thus far, with Obama not even in office yet, the > markets > > are quieting down > > as he reveals the new folks that will be replacing > Bush > > ineptitude. > > > > Kristyne McDaniel > > http://www.kristynemcdaniel.com/blog > > http://www.emryldadvantage.com/ > > http://www.mcstyles.com/ > > > > Whether you think you can, or you think you > can't.... > > you are right. > > -- Henry Ford > > > > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
