Comments on: Let the Chips Fall http://casone.blogs.foxbusiness.com/2008/10/08/let-the-chips-fall/ The Casone Exchange Tue, 10 Nov 2009 20:53:18 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: Ray http://casone.blogs.foxbusiness.com/2008/10/08/let-the-chips-fall/comment-page-1/#comment-1585 Ray Mon, 13 Oct 2008 15:36:31 +0000 http://casone.blogs.foxbusiness.com/?p=181#comment-1585 Cheryl, I am one of those fools that used money to pay off my mortgage instead of buying a Viper to impress the morons. Freeing up credit so incompetent people can get into more trouble does not impress me. I drive used cars, pay off my credit cards every month and have money in the bank but like to keep my 401k fully invested in the stock market. What class of mutual fund investments would I be safe in if Obama is coronated into the Presidency? I will vote McCain but it looks like the victim class and socialists will put Obama in instead. Thanks, Ray Cheryl,

I am one of those fools that used money to pay off my mortgage instead of buying a Viper to impress the morons. Freeing up credit so incompetent people can get into more trouble does not impress me. I drive used cars, pay off my credit cards every month and have money in the bank but like to keep my 401k fully invested in the stock market. What class of mutual fund investments would I be safe in if Obama is coronated into the Presidency? I will vote McCain but it looks like the victim class and socialists will put Obama in instead.

Thanks,
Ray

]]> By: Jason Campbell http://casone.blogs.foxbusiness.com/2008/10/08/let-the-chips-fall/comment-page-1/#comment-1583 Jason Campbell Sun, 12 Oct 2008 00:40:30 +0000 http://casone.blogs.foxbusiness.com/?p=181#comment-1583 700 billion bail out!!&^*!@ They could tell everyone making under 500k that they pay NO taxes this year and that would actually be cheaper than the 700 billion dollar bailout. Imagine what that would be like. The vast majority of us pay no taxes this year and we all have essentially get a 35% raise. Imagine how much debt we could pay off and the purchases we could make. The economy would catch fire again and the good companies would be rewarded and these poorly run embarrasments would simply go out of business. Do youw want the idiots who ran hurricane Katrina relief and who have done a wonderful job of screwing up pulbic school trying to run banks? You have got to be kidding me. Call your congressman and demand a zero tax this year. That is by far the best solution! 700 billion bail out!!&^*!@ They could tell everyone making under 500k that they pay NO taxes this year and that would actually be cheaper than the 700 billion dollar bailout. Imagine what that would be like. The vast majority of us pay no taxes this year and we all have essentially get a 35% raise. Imagine how much debt we could pay off and the purchases we could make. The economy would catch fire again and the good companies would be rewarded and these poorly run embarrasments would simply go out of business. Do youw want the idiots who ran hurricane Katrina relief and who have done a wonderful job of screwing up pulbic school trying to run banks? You have got to be kidding me. Call your congressman and demand a zero tax this year. That is by far the best solution!

]]> By: JOHN http://casone.blogs.foxbusiness.com/2008/10/08/let-the-chips-fall/comment-page-1/#comment-1580 JOHN Sat, 11 Oct 2008 14:34:21 +0000 http://casone.blogs.foxbusiness.com/?p=181#comment-1580 ...darn....figures....just when I am max bearish, we make a triple bottom...then turns up instead of continuing down.... which strongly augurs that this is the end of the downturn....but I do not expect a nice gigantic rally....for months.....maybe 66 months.....so that augurs that it probably will happen, as I am wrong often, I have noted. I think the market going sideways after people have lost 40% is torture, too. …darn….figures….just when I am max bearish, we make a triple bottom…then turns up instead of continuing down…. which strongly augurs that this is the end of the downturn….but I do not expect a nice gigantic rally….for months…..maybe 66 months…..so that augurs that it probably will happen, as I am wrong often, I have noted. I think the market going sideways after people have lost 40% is torture, too.

]]> By: Trae http://casone.blogs.foxbusiness.com/2008/10/08/let-the-chips-fall/comment-page-1/#comment-1578 Trae Sat, 11 Oct 2008 03:29:58 +0000 http://casone.blogs.foxbusiness.com/?p=181#comment-1578 Cheryl, I'd be willing to lose all of my investments if it meant that we did was is Right, and not what is Easy (i.e. socialist bailouts). I've been beating this drum since Greenspan lowered the interest rates to 1% to bail out his previously created bubble: ABOLISH THE FED. I suggest everyone read up on its unconstitutionality and what our Founding Fathers thought about it. You will be amazed. Until media business networks learn to study History in addition to their Economics background, nothing will ever change. Wanna know why fiat currency is a joke? Read up on the abolishment of the gold standard. Wanna know who strongarmed the Democrats in 1913 to pass the Federal Reserve Act? Hint: You'll recognize some of the names. Wanna find out what Thomas Jefferson and Alexander Hamilton thought about a central bank? Again, research and Google. Unfortunately, we are condemned to repeat our past mistakes until SOMEONE responsible, as well as knowledgable in US History, starts reporting this. Cheryl, I’d be willing to lose all of my investments if it meant that we did was is Right, and not what is Easy (i.e. socialist bailouts). I’ve been beating this drum since Greenspan lowered the interest rates to 1% to bail out his previously created bubble: ABOLISH THE FED. I suggest everyone read up on its unconstitutionality and what our Founding Fathers thought about it. You will be amazed.

Until media business networks learn to study History in addition to their Economics background, nothing will ever change. Wanna know why fiat currency is a joke? Read up on the abolishment of the gold standard. Wanna know who strongarmed the Democrats in 1913 to pass the Federal Reserve Act? Hint: You’ll recognize some of the names. Wanna find out what Thomas Jefferson and Alexander Hamilton thought about a central bank? Again, research and Google.

Unfortunately, we are condemned to repeat our past mistakes until SOMEONE responsible, as well as knowledgable in US History, starts reporting this.

]]> By: Bill in Ga. http://casone.blogs.foxbusiness.com/2008/10/08/let-the-chips-fall/comment-page-1/#comment-1575 Bill in Ga. Fri, 10 Oct 2008 21:03:35 +0000 http://casone.blogs.foxbusiness.com/?p=181#comment-1575 Yes, let the chips fall, but I am insisting on a PERP WALK, one that is broadcast on all channels, even cable. I want to see each and every perp of this debacle cuffed and stuffed. That includes, and should start with congressmen (and women) who enabled this disaster. The public needs to see the government acting now, and putting those folks feet to the fire for what they have caused nationally, and internationally. Get those cuffs ready and go!!!!! Yes, let the chips fall, but I am insisting on a PERP WALK, one that is broadcast on all channels, even cable. I want to see each and every perp of this debacle cuffed and stuffed. That includes, and should start with congressmen (and women) who enabled this disaster. The public needs to see the government acting now, and putting those folks feet to the fire for what they have caused nationally, and internationally. Get those cuffs ready and go!!!!!

]]> By: Bruce http://casone.blogs.foxbusiness.com/2008/10/08/let-the-chips-fall/comment-page-1/#comment-1568 Bruce Fri, 10 Oct 2008 15:50:16 +0000 http://casone.blogs.foxbusiness.com/?p=181#comment-1568 "steve", Please tell me that was sarcasm. You can't be that ignorant. “steve”, Please tell me that was sarcasm. You can’t be that ignorant.

]]> By: jeff saturday http://casone.blogs.foxbusiness.com/2008/10/08/let-the-chips-fall/comment-page-1/#comment-1561 jeff saturday Fri, 10 Oct 2008 12:16:19 +0000 http://casone.blogs.foxbusiness.com/?p=181#comment-1561 “IMO, the reason the global financial situation has deteriorated is the various players have reacted incorrectly to the housing collapse, and this is because they fail to view what has occurred as a mania. If one doesn’t accurately assess the cause of the problem, solutions are bound to fail. It’s like this Washington; people were gambling, on a scale unseen in the history of man. And treating failed gamblers like they are victims can only make the situation worse:” quote by Ben Jones Housing bubble blog “IMO, the reason the global financial situation has deteriorated is the various players have reacted incorrectly to the housing collapse, and this is because they fail to view what has occurred as a mania. If one doesn’t accurately assess the cause of the problem, solutions are bound to fail. It’s like this Washington; people were gambling, on a scale unseen in the history of man. And treating failed gamblers like they are victims can only make the situation worse:”

quote by Ben Jones Housing bubble blog

]]> By: Skilbovia http://casone.blogs.foxbusiness.com/2008/10/08/let-the-chips-fall/comment-page-1/#comment-1560 Skilbovia Fri, 10 Oct 2008 11:59:35 +0000 http://casone.blogs.foxbusiness.com/?p=181#comment-1560 I think the Fed and the Treasury need to capitulate. As long as they keep throwing more and more money at the banks it is in their best interest for the banks to wait for them to play all their cards before they start lending to each other. Enough already with the Fed and The Treasury. They need to tell the banks that they are on their own. I think the Fed and the Treasury need to capitulate. As long as they keep throwing more and more money at the banks it is in their best interest for the banks to wait for them to play all their cards before they start lending to each other. Enough already with the Fed and The Treasury. They need to tell the banks that they are on their own.

]]> By: bruce http://casone.blogs.foxbusiness.com/2008/10/08/let-the-chips-fall/comment-page-1/#comment-1558 bruce Fri, 10 Oct 2008 11:10:00 +0000 http://casone.blogs.foxbusiness.com/?p=181#comment-1558 Housing AD proclaiming: Get a mortgage, a home equity line of credit and get a credit card all at the same time! A guy on the Dave Ramsey Show bemoaning how he decided to get into the housing market and 'bought' 14 houses (no doubt with no doc/no money down loans). Both of these are just a couple of the incongruous items I've heard on the FOX Business Channel in the last year. Oh, I forgot to mention the housing market in Newark New Jersey doubling in value in 27 months. The property pictured in that piece looked like they were built in the 1920s. I'm afraid you're right, even if I'm not in debt my life savings are going to be diluted in order 'save' those that are. The problem with this equalizing of outcomes is that in the future no one will save, expecting those in government to take care of them. And how can the governement do this. It can't! Welcome to the banana Republic of America. Housing AD proclaiming: Get a mortgage, a home equity line of credit and get a credit card all at the same time!

A guy on the Dave Ramsey Show bemoaning how he decided to get into the housing market and ‘bought’ 14 houses (no doubt with no doc/no money down loans).

Both of these are just a couple of the incongruous items I’ve heard on the FOX Business Channel in the last year. Oh, I forgot to mention the housing market in Newark New Jersey doubling in value in 27 months. The property pictured in that piece looked like they were built in the 1920s.

I’m afraid you’re right, even if I’m not in debt my life savings are going to be diluted in order ’save’ those that are. The problem with this equalizing of outcomes is that in the future no one will save, expecting those in government to take care of them. And how can the governement do this. It can’t! Welcome to the banana Republic of America.

]]> By: JOHN http://casone.blogs.foxbusiness.com/2008/10/08/let-the-chips-fall/comment-page-1/#comment-1545 JOHN Fri, 10 Oct 2008 01:51:32 +0000 http://casone.blogs.foxbusiness.com/?p=181#comment-1545 .....remember that fraud phrase...buy when blood is running in the streets..well, it has for 250 trading days in a row now.....we have had near capitulation for 3,000 Dow points now......honestly, I would not be surprised to see the Dow at 1,000 now....there is no end to this carnage.....there is no bottom.....I hope my own predictions are wrong...I hope people realize that they may have to work till 90.....retirement seems like a fraud, a hoax.....course if there is a rally, it could rise 1,000 points in a day the way things are going...I have never in 40 years been so negative with great reason.... …..remember that fraud phrase…buy when blood is running in the streets..well, it has for 250 trading days in a row now…..we have had near capitulation for 3,000 Dow points now……honestly, I would not be surprised to see the Dow at 1,000 now….there is no end to this carnage…..there is no bottom…..I hope my own predictions are wrong…I hope people realize that they may have to work till 90…..retirement seems like a fraud, a hoax…..course if there is a rally, it could rise 1,000 points in a day the way things are going…I have never in 40 years been so negative with great reason….

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