Obama wins, first black to gain presidency

[chad_tukes]

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Where's the change now.. OBAMA The market has just backtracked to year 1997 levels... roughly 10 years of market gains GONE!!!!

Thanks to the New President and his administration - he said CHANGE was coming.. somehow it's not happening. The MARKET called his BLUFF!!! ...... Taxpayers: your 401K which is now 201K will soon be 101k .. or even 51k.

too soon to judge bro. it's only February.

[EZRA]

The market is reacting to his stimulus plans... the market called his BLUFF. The market moved 1200 points downward in just 10 days. It's too early, right Yet too bad for all of you 401K (which is now a 201k) holders - it's gonna look like a 101k after this year is over. If Obama, Geithner and Ben are trying to crash the market, they're doing a damn good job.

Watch and see... DOW will go below 5000 before the year is over. Stimulus plan my butt - such weak jobs program and a whole lot of spending!!!!

[chad_tukes]

so what's your proposal and who is the "better" person equipped to bring the economy back up?

i wanna know your thoughts. just out of curiosity.

[EZRA]

Nag post baya ko bahin ani last year didto sa pikas thread about U.S. economy... I think that was last SEPT or OCT. I was talking about letting the banks fail if they have to `cause it's their fault nganong nagpataka silag pa utang.. they're operating on such high leverage. I was also talking about making the balance sheets TRANSPARENT so people can see over-the-counter transactions and credit default swaps. There were other things nga gipang suggest sa mga economists and sila mismo nagsulti nga the TARP and other bailouts will FAIL! .. pero BUSH didn't listen, PAULSON and BERNANKE didn't listen... and karon apil nasab si OBAMA who is practically playing "DISASTER CAPITALISM".


Karon unsaon naman na nimo... most of the banks ang Govt. partly owns. AIG is 80% owned by the Government. We're in the trenches.

Mao na diha! The Market is not BLIND, DEAF or DUMB!! It will react as to what they see and hear! Mga Politicians anad na kaayo ug sigeg pamakak; that's simply how they get elected..., its how they campaign, its how they raise money, and ultimately its how they run things in Washington DC. (Dili ra ang Pilipinas ang corrupt... sa PINAS atubangay lang ang ilang kawat). Say one thing and do another - "bipartisan" means you give a bill adtos pikas party 10 minutes before you call for a vote with amendments disallowed - and its 1,200 pages long.

In the real world, as distinct kaayo sa Circus sa Washington D.C., such nonsense is either ignored, or worse, seen as the meddling that it is.. Makit-an dayon na sa market kay sa tinuod, obvious rasab kaayo. Until the markets have a reasonable expectation of unsa ang game plan nga umaabot - there will be no stability; ang mga dato nga naay capital, they will trade on the shortest of timeframes only, and they will press their advantage in either direction whenever it presents itself. So most likely, investors will short sell anything they see that's failing... Kinsa man say buang nga mo go long or mo kuhag calls on a failing market... how much more invest on long term.

Ang resulta? Grabe ang volatility (check the market index VIX to track this) , a much lower market prices, and the continued destruction of access to credit markets as investors will apply an ever-larger discount to their valuation models. Prudence demands nothing less since ang gobyerno mismoang nagsigeg paubos ug guba sa value and hurt those who try to come in early in an effort to both profit and stabilize these markets with private capital.
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You ask me kung who'd be best to handle this situation.. Ambot kinsa. But all I know is that OBAMA messed up with that Stimulus plan. He should've listened to the economists instead of his advisers (most of them mga former-bankers) that are only concerned of their own hides. Obama is too PARTISAN as well ... Remember, that stimulus plan wasn't his to start with. It was Nancy Pelosi of California (a Democrat) who was pushing for that bill when Bush was still around. Karon, who's asking for more money para mo tubos sa ilang State.. Yes, CALIFORNIA! Governor Arnold "TheTerminator" even had the nerve to ask for the money nga gibalibad sa ubang State. Arnold wants it for California. Look at California now.. dili sila maka hatag sa mga tax refunds sa mga taw. Gipang I.O.U. ang uban.

[chad_tukes]

well, you have to understand also that this is not a "no strings attached" bailout. it is irresponsible for the Obama administration to use taxpayer money without any conditions to it.

i'm no economist (i don't even trade), but i'm glad that at least the present administration is doing SOMETHING than do NOTHING. i'm a US taxpayer and i would want my money put to work by making sure everybody benefits from it. i'm sure it will in the long run. you're looking at it as if it's an overnight solution.

this economy is like geometry---a V shaped economy.
we go down in a vertical slide with a very sharp decline, and we go straight up as we recover.

OT: BTW, tonight is the 44th President State of The Nation Address at 9 pm ET.

no American Idol tonight!

[EZRA]

I understand on what the bailout is about.. and I've been against these bailouts since BEAR STEARNS. I've been vocal about Paulson, Bernanke, and Bush and I think you're aware of that. OBAMA promised change... now, where's the change when he's doing what BUSH was doing last year.. what kind of a CHANGE is that?

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Of course it's not gonna get fixed overnight... but that's not the point. The point is that "IF" The Solution they came up is going to fix things... since economists has already pointed out that it's not. How many bailouts were done last year? What was the total amount? Did it solve anything? Add that to the stimulus plan they're doing this year. And to who's expense? THE TAXPAYERS. Why are the taxpayers liable to the failure of these FRAUDULENT banks? Why are we bailing out those banks who would fire their employees if they don't approve someone's loan application regardless if the applicants credit history. Banks that would rather spend our money on bonuses and corporate-sponsored parties.

Also.. we are not talking about "SHORT TERM" here.. were talking about the future. What's gonna be left for our kids and grandkids. So far, 10 and 20 yr FUTURES are heading downwards. Again, the market is not dumb, blind, or deaf. It can smell failure.

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The economy is like Physics. It follows a wave - now, we're in a freefall - but I don't think the recovery is as sharp. The recovery will be agonizingly long... But it will recover. But, in contrast to what Bernanke said, it's not happening this year.

[Sol_Itaire]

so what's your proposal and who is the "better" person equipped to bring the economy back up?

i wanna know your thoughts. just out of curiosity.

Republicans

[vern]

I don't know if everyone are just young ... or people just never read their history books (or Wikipedia) ... to know that the US has been through worse. No one can judge Obama's legacy based on less than a couple months in office. People have yet to decide a verdict on Bush's terms. tsk tsk

The night is always darkest before the dawn.

[chad_tukes]

*watching Obama's State of the Nation. ^_^

[rudjard]

*watching Obama's State of the Nation. ^_^

same here...