< Mostly I engage in OT to vent my spleen> So you are saying (confirming) that your posts are primarily rants?
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Bob Calco Sent: Thursday, 12 February 2009 8:36 AM To: 'ProFox Email List' Subject: RE: [OT] Pure Unadulterated Insanity > The entire key to your argument is the word 'mechanism'. You assume > that > such a thing exists. Why is it that we believe in market forces up > until the > point they do something we don't like and/or cant explain. Because the Fed Reserve is not a market force. Fannie Mae and Freddie Mac are not market forces. The "Community Reinvestment Act" that created the "subprime mortgage market" is not a market force. Congress is not a market force. Neither is the Presidency. Our political process, in which many wealthy people (of all political stripes) participate, is not a market force. Terrorists and hostile foreign regimes are not market forces. So when you see something REALLY unusual in terms of normal market behavior -- like, oh, say, half a trillion dollars suddenly and precipitously vanishing from money market funds of a particular country one fine afternoon for no particular reason-- the assumption it's a "market force" may not be true. > Oil prices > have > risen dramatically and then fallen right back before. Quite simply, > they > were unsustainable at that price. Which price? The one before the rise? The one after the rise? Or the one after the drop? > Runs on the banks have occurred many > many > times in the past. The reasons are complex and many. But what they > aren't is > conspiracy - which is what you are implying. Well, I'm glad you ruled that out for me. I shall rest easier now, thanks. > < Dazzle me, Geoff. Educate me.> > > Until you wind back the rhetoric and cut back on the paranoia it is > impossible to 'educate' or even debate you. At the moment your > 'soapbox' is > so far away from the rest of us that you cant hear us. Who is "we"? Again, who's on a soapbox, talking to what audience? Mostly I engage in OT to vent my spleen. Every once in a while I get wrapped up into thinking something I might post might persuade someone of this or that. I eventually realize the folly of that hope, at which point I try to just enjoy the banter. - Bob [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.
