On the american economy crisis

Some Scotch-fueled wisdom

At that point I took a time out from my internal rant and thought to
myself, what if I wanted to be a GP? Would I stick myself in this
losers hall and be just another GP who pressed the eject button and
landed safely with a golden parachute? (rant clearly continued) But
what if the fund is more nimble than a rigid one-investment-thesis type
fund? Centuries of thinking have yielded what is analogous to a child’s
epiphany: rational investors should seek the highest return on their
proverbial dollar. In light of this morsel of wisdom, why have we seen
the lines thicken between activity-governed funds? Why aren’t we seeing
more of the ‘We’ll put your cash in the highest yielding segment’ kind
of fund? Is it because people jump on the bandwagon of short-term hot
returns? Or is it because the financially naïve care more about
positive news headlines whilst contributing to financial bubbles? Just
as that notion flashed through my battered brain, I realized that I
could no longer keep a cogent thought nor an eyeball on that bird…

economists, actuaries, Oprah, and Dr Phil will go on about this crisis
for the better part of this decade. Many conclusions will be drawn…but
the obvious will not be stated. Fear not, for I will always give you
the only correct conclusion: people are fuckin morons, never
underestimate the collective idiocy of people in large groups.

0 comment on On the american economy crisis

  1. John Cunningham
    January 29, 2008 at 4:29 pm

    Don’t worry, be happy.

  2. Anon 1:50
    January 30, 2008 at 12:54 am

    It’s not a crisis. It’s a blip.

    Some people in the housing sector made some risky bets and didn’t win. Fortunately they laid off the bets around the world so some of the suckers paying up are DeutscheBank and Financial interests in Japan and elsewhere.

    These people are used to making Trillions every year. This year? They lost around 51.5 billion. Big deal. They can make sandwiches at home instead of eating out and cover that in a month.

    But the squealing is the sound of a spoiled child denied his ‘guaranteed’ allowance because of a missed paycheck.

    They’ll live. We’re fine. Thanks for worrying!

  3. Twosret
    January 31, 2008 at 3:21 pm

    WOW all the Zionists that writes long messages on every post about Palestine doesn’t give a damm about the American economy. Guys comm’on this is what you get your money you beggers write some posts here 🙂

  4. Spanish Dancer
    January 31, 2008 at 5:26 pm

    Yeah, all the panic is coming from the small percent of Americans who are major shareholders in companies associated with shady mortgages. And investment bankers who are starting to fear for their multi-million dollar bonuses. And of course the government, whose politically-driven “stimulus package” has already been publicly dismissed by all major economists as likely to be completely ineffectual (yet, of course the politicians are proceeding with their rhetoric as if we don’t know that). Most Americans have felt a pinch around gas and food prices, but the sturm and drang from the media has been all out of proportion to what average, middle-class people are feeling. So we’re spending a little less, and thinking a little more about whether or not we really need something before buying it. It’s good for us. I feel sorry for people who spent beyond their means, but you can’t keep borrowing and overspending forever.


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