Comment

Stock Market Yo-Yo Watch

323
Honorary Yooper3/05/2009 11:45:58 am PST

re: #294 yma o hyd

The trouble with that is that the market is no longer restricted to just one country.
What looked good for Cloward Piven and looks good for Emmanuel is unfortunately outdated, as far as the ecomony is concerned.
If they keep on this path there won’t be anything for them ro use for thei ‘social rescue’ because all the other economies will be down the drain as well.
No money - no manufacturing - no buyers - even less manufacturing - even less income … endless spiral. Globally.

Stupid LLL asshats.

As I’ve said before, if this goes beyond a certain point, you can go right on ahead and welcome the Obamadepression. This will be like the 1930s. There will be no rescue because as bad off as America could be, other places will have it much, much worse. And don’t look to China for help either. We go down, they go down. Europe’s on the brink of breaking their banks, and Japan’s no better off either. I fear it may be a rocky two or three years at the least. I use the term Obamadepression because I want to make him own it a la Hoover and 1929.