« US News & World Report Lies To Readers About Budget Deficits Yet Again | Main | Classic Panic Attack Roiled World Markets »

Comments

DeVaul

What do you mean by "pre-1929 entities"? Give me an example so I will know.

Just want to make sure you avoid your "dinner with fate" fair and square. :)

JSmith

" This is the definition of a total collapse:"

No it isn't. The US markets is still well above where it was when the dot-commies tanked way back in Y2K.

Compare 11722.98 (the record close before the dot-com bust) with 12289.78 (where we are right now, after ysterday's selloff.)

Elaine Meinel Supkis

Um. Smith, you left out all the 'red ink' stuff. Review all my graphs which I posted in the cartoon round up story. The fundamentals today are FAR, FAR worse than in 2000. No ifs, ands or buts.


Trade deficit, bankruptcies, government debt, personal debt, ect. All ten times worse.

Elaine Meinel Supkis

Also, inflation: bad. 12,000 points, if dollars would be far less if compared to 1929 dollars. Like, we are barely floating along and that, on a sea of red ink.

DeVaul

Elaine is right. In inflation adjusted terms, the Dow is still way down since 2000.

I am surprised you do not know about monetary inflation, Smith. I thought you were a mathmetician.

JSmith

OK... whatever you central bankers say.

Guess I'll start selling off my holdings and go buy some gold I can bury under the toolshed...

DeVaul

Well...it's your money. Do what you will.

Elaine Meinel Supkis

Smith, I have a backhoe. I'll bury your loot.

blues

Colloidal silver. Black dust, Non-conductive. Not findable with metal detectors. Some fools eat it to 'enhance health'. Eventually they turn bright blue, forever!

cha

"I will eat a dinner of fried grasshoppers with ketchup."

sounds tasty even though i'm not a ketchup man

Dow is only 30 companies. The wider market didn't do as well in the last 7 years

Elaine Meinel Supkis

When the cream of the crop wilts and then burns, you can bet a famine is around the corner.

As for the grasshoppers: my flock of hens would happily eat them for me, nay, they would break down the door of their chicken pen for grasshoppers.

moder

JSmith, things are decidely mixed on the markets. The NASDAQ at 2,407 is still at less than half of it's intraday high on March 10, 2000 of 5,133. The S&P 500 at 1406 is still 9.6% below it's intraday high of March 24, 2000 of 1553. That being said, the NYSE is up 27% from Sep. 2000.

Elaine Meinel Supkis

Thanks for the stats, Moder.

Jack

I'm just writing because I'd like to mention that the "dumb email" stated some valid points, but you pasted a screenshot of the message and wrote it off as stupid. Whether or not they were right doesn't make them stupid or smart; as a political analyst you should recognize your chance, if nothing else, to respond to their points and disprove them if you must. I'm not siding with them, necessarily, but I'm surprised at your reaction.

Cheap Hermes Handbags

I'm interested in such offer,The sound quality in these podcasts is really poor. I feel bad about complaining about something that is free, but I think it is important.

The comments to this entry are closed.

Blog powered by Typepad