Comments on: The second debate

By: Karen

Karen — Sat, 11 Oct 2008 23:41:24 +0000

Bob, I’ve actually considered renting a safe deposit box; am I crazy, dunno… feeling altogether too scattered and nutty these days. OTOH, in Europe right now – and they LOVE Obama – basically you’re a socialist or a racist. Looks a heck of a lot like shades of things to come. Redistributing wealth and rendering us defenseless will be the new order. OTOH, if our defenses are utterly abandoned, my money won’t matter much.

By: Bob Murphy

Bob Murphy — Sat, 11 Oct 2008 23:10:13 +0000

@Karen.
Best get those savings and pack them under your mattress, or a floorboard.

By: Karen

Karen — Fri, 10 Oct 2008 04:35:58 +0000

buddy larsen, thanks for sharing the bright side, ha. Hubby and I were on the verge of beginning a remodel (with savings) here at the house when all this meltdown news hit. Needless to say, that’s a no-go now. Not only the remodel, but plans for the future in general are all in question now. Presently, there is no clear plan for the future.

Paul, excellent points, #s 1, 2 and 3. It’ll be the blind leading the blind and we’ll all fall into the ditch.

By: Stew

Stew — Fri, 10 Oct 2008 03:47:57 +0000

Konyok,
It’s good you hung in there for your stepson. My son was also hard to tolerate throughout his teens. Tell your soldier that, even though we don’t know him, he makes us proud.

By: Paul

Paul — Fri, 10 Oct 2008 03:25:56 +0000

Wretchard-

The drop in the market today had the feel of ” the markets internalizing an Obama Presidency” – the beginning of the “shiver”.

While there is still over 3 weeks to go, and a lot can happen, I think a lot of pubs over the last two days have become very disheartened. Mc Cain couldn’t make the effort over that long Senate career to bone up just a little on economics and it shows. Mc Cain with his $300 bill mortgage bailout is still the stupid economic populist. His economic comments didn’t have the intelligence, force, passion or proper context to make the connection he needs with the voter.

The Dems are running on at least three big conceptual lies, not counting O’s personal lies and marxism:

1. Iraq under Saddam was not a threat and therefore attacking Saddam was a horrible mistake.
2. Global Warming is the greatest threat to mankind.
3. Republican deregulation is responsible for this financial crisis.

Like a complete loser, Mc Cain has completely ceded the first two arguments to the Democrats and has only begun to weakly counter the third. You cannot win elections like that.

I hope we can survive the “let the fever break” therapy. Sometimes just by itself the fever kills. With a little more constitutional reinterpretation here , a whole bunch more of illegal alien voters there and a pinch more of ACORN, we may be in the soup forever.

By: Belmont Club » Taleb’s warning

Belmont Club » Taleb’s warning — Fri, 10 Oct 2008 00:21:47 +0000

[...] linear measures like the bailout long after it has strayed into nonlinear territory. I wrote in the Second Debate that: It used to be a case that if you did X then Y resulted. If 2X then 2Y. But the old [...]

By: buddy larsen

buddy larsen — Thu, 09 Oct 2008 20:44:15 +0000

@Karen “it’s downright dread and fear I’m feeling” –check out this Instapundit post from yesterday, if you want to read somebody who’ll make you feel –in contrast –positively optimistic! well maybe.

By: buddy larsen

buddy larsen — Thu, 09 Oct 2008 20:36:03 +0000

GN should be GM –now at its early 50s nominal price/share. Wonder what the dollar was worth in 1955…. Anyhoo, good work, there, UAW –fine job ya done, once again.

By: buddy larsen

buddy larsen — Thu, 09 Oct 2008 20:32:43 +0000

O’Reilly’s stout on the ramparts of western civ –but McCain has already said he’d like Warren Buffet at treasury. i guess his campaign hasn’t heard that WB is a strong Obama supporter. (*sigh*)

Down nearly 700 today, including 100 more as some several-million plus blocks of GN, Coca Cola, HewlettPackard came in just before the bell and cleared after the bell.

Not sure there’s gonna be enough money in the brokerage accounts to clear this stuff –oh well, call the candy factory.

Three more things to pay up –the credit default swaps, and the gap between priced SP500 forward earnings as of the end of last reporting period, and what they’ll be next report. that may be another 20 bucks –from around 90 to 70. Then there’s the rest of the wave of hedge fund redemptions.

THEN we can start rebuilding the structure.

The market acts like not one but both pres candidates are short the system.

Take note of your valuables –ain’t it nice to have a good coffee maker and frying pan? Aren’t you glad you didn’t take that $5k vacation last August? Isn’t it good that the youngsters are gonna grow up in a more rigorous & serious world?

By: slade

slade — Thu, 09 Oct 2008 18:08:03 +0000

Seriously Dave – email Cramer – it’s a good issue – copper versus borax.

At the worst he’ll be stumped and you get a medal in the Hall of Fame.