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Author Topic: We Are So (Un)Fortunate The Rest Of The World Is Even More Ate Up  (Read 1606 times)

roo_ster

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We Are So (Un)Fortunate The Rest Of The World Is Even More Ate Up
« on: September 22, 2011, 02:50:55 PM »
http://www.cnbc.com/id/44626413

"With no solution in sight for Europe and new fears of a global recession, investors dumped stocks and commodities and ran to the safety of U.S. Treasurys."

Fortunate in that our system has not yet collapsed and caused untold misery to fellow Americans.

Unfortunate in that this allows our governing class to keep on doing what they are doing.

And we have to thank for this ^^^ the even more gormless governing class in Europe.

WHEN(1) the market flees US debt like that of any third-world socialist kleptocracy, we will fall from a great height, I am afraid.  Unless we hold on long enough and turn the ship around.


(1) Anything that can not go on forever will end, eventually
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roo_ster

“Fallacies do not cease to be fallacies because they become fashions.”
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Scout26

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Re: We Are So (Un)Fortunate The Rest Of The World Is Even More Ate Up
« Reply #1 on: September 22, 2011, 03:27:05 PM »
And right now that's what investors are doing.  Running Scared.  There is no "safe haven" any more.  It will get worse, and then it will get very, very, very bad.

I hope we can turn it around.
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Hutch

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Re: We Are So (Un)Fortunate The Rest Of The World Is Even More Ate Up
« Reply #2 on: September 22, 2011, 04:11:06 PM »
So why hasn't gold shot up today?  Are people stuffing matresses with currency?
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Jamie B

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Re: We Are So (Un)Fortunate The Rest Of The World Is Even More Ate Up
« Reply #3 on: September 22, 2011, 05:25:51 PM »
Quote from: Hutch on September 22, 2011, 04:11:06 PM
So why hasn't gold shot up today?  Are people stuffing matresses with currency?
No Glenn Beck ads!?  =D
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roo_ster

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Re: We Are So (Un)Fortunate The Rest Of The World Is Even More Ate Up
« Reply #4 on: September 22, 2011, 11:49:43 PM »
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roo_ster

“Fallacies do not cease to be fallacies because they become fashions.”
----G.K. Chesterton

Jamie B

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Re: We Are So (Un)Fortunate The Rest Of The World Is Even More Ate Up
« Reply #5 on: September 23, 2011, 05:45:47 PM »
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Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher

The Almighty tells me He can get me out of this mess, but He’s pretty sure you’re f**ked! - Stephen

Angel Eyes

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Re: We Are So (Un)Fortunate The Rest Of The World Is Even More Ate Up
« Reply #6 on: September 23, 2011, 09:28:33 PM »
Good thing I still have my Solyndra stock.











Wait . . . what?
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Jamie B

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Re: We Are So (Un)Fortunate The Rest Of The World Is Even More Ate Up
« Reply #7 on: September 23, 2011, 09:36:53 PM »
Every time that I hear Solyndra , I remember the old movie Soylent Green.
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Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher

The Almighty tells me He can get me out of this mess, but He’s pretty sure you’re f**ked! - Stephen
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