Skip to comments.
Former Reagan Budget Director Despairs: ‘I Wouldn’t Touch the Stock Market With a 100-Foot Pole’
The Blaze ^
| 03-03-12
| Becket Adams
Posted on 03/03/2012 2:52:46 PM PST by Lazlo in PA
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80, 81-82 next last
This 13K DJI number and the claims that it proves we are improving economically is all smoke and mirrors. The whole thing is a mirage. The trading volume is very low. Only institutional investors are playing the market and the slightest breeze of instability will collapse the whole thing.
To: Lazlo in PA
2
posted on
03/03/2012 2:54:42 PM PST
by
Lazlo in PA
(Now living in a newly minted Red State.)
To: Lazlo in PA
The whole thing is a mirage. The trading volume is very low. Only institutional investors are playing the market and the slightest breeze of instability will collapse the whole thing. I don't disagree, but there is an awful lot of cash on the sidelines waiting to be invested somewhere. If Obama loses and the economy starts to turn around, that cash will find its way into the market. That has to help push stock prices up.
3
posted on
03/03/2012 3:04:24 PM PST
by
Go Gordon
(President Poverty - President Downgrade - President Food Stamp - President Pantywaist - B. H. Obama)
To: Lazlo in PA
Nudge Nudge Nudge....
4
posted on
03/03/2012 3:05:08 PM PST
by
LomanBill
(Animals! The DemocRats blew up the windmill with an Acorn!)
To: Go Gordon
5
posted on
03/03/2012 3:07:23 PM PST
by
LomanBill
(Animals! The DemocRats blew up the windmill with an Acorn!)
To: Lazlo in PA
Wasn’t he the one who coined the phrase “voodoo economics” in response to Reagan’s “trickle down”?
6
posted on
03/03/2012 3:08:53 PM PST
by
gorush
(History repeats itself because human nature is static)
To: Lazlo in PA
7
posted on
03/03/2012 3:10:03 PM PST
by
re_nortex
(DP...that's what I like about Texas.)
To: Go Gordon
When the dollar is no longer the reserve currency that cash will become firewood.
8
posted on
03/03/2012 3:10:58 PM PST
by
gorush
(History repeats itself because human nature is static)
To: gorush
9
posted on
03/03/2012 3:23:33 PM PST
by
Rusty0604
To: Rusty0604
Not sure. He may have gotten it from Stockman. Stockman was definitely off the reservation as I recall...my recollections being, admittedly, suspect.
10
posted on
03/03/2012 3:28:05 PM PST
by
gorush
(History repeats itself because human nature is static)
To: Rusty0604
11
posted on
03/03/2012 3:38:54 PM PST
by
lbryce
(BHO:The bastard offspring of Satan and Medusa.)
To: gorush
I’m not sure he was. I can’t find anywhere he said it. Bush coined the phrase during a debate with Reagan. By all measure, Stockman was a Supply Sider when he was OMB director.
12
posted on
03/03/2012 3:40:42 PM PST
by
Lazlo in PA
(Now living in a newly minted Red State.)
To: Lazlo in PA
FTA:
“He was an architect of one of the biggest tax cuts in U.S. history.”
“architect” being the operative word. IIRC he was relatively unknown until “recanted”. Will research it later.
However,I am sequestering all the assets I can until after the election.
13
posted on
03/03/2012 3:49:28 PM PST
by
BilLies
(Save your money until after the Presidential election.)
To: Go Gordon
That cash was produced by Bernanke’s printing press.
14
posted on
03/03/2012 4:05:47 PM PST
by
expat2
To: Lazlo in PA
"The Triumph of Politics: Why the Reagan Revolution Failed"by David Stockman. Says it all right there.
15
posted on
03/03/2012 4:07:19 PM PST
by
rlmorel
("A fanatic is one who can't change his mind and won't change the subject." Winston Churchill)
To: re_nortex
“The day of national reckoning has arrived. We will not have a conventional business recovery now, but rather a long hangover of debt liquidation and downsizing as suggested by last weeks news that the national economy grew at an anemic annual rate of 2.4 percent in the second quarter. Under these circumstances, its a pity that the modern Republican Party offers the American people an irrelevant platform of recycled Keynesianism when the old approach balanced budgets, sound money and financial discipline is needed more than ever.”
So how does he feel Obama nd the Democrats are doing? I think it is the Democrats who are embracing “Keynesianism”
ideas just ask Brney frank
16
posted on
03/03/2012 4:12:03 PM PST
by
funfan
(and his crew)
To: Lazlo in PA
A Republican win will bring out investors, a Democrat win will be economic halt in the preceding year.
17
posted on
03/03/2012 4:32:13 PM PST
by
Son House
(The Economic Boom Heard Around The World => TEA Party 2012)
To: Lazlo in PA
The bet is the value of companies you own that don’t go out of business exceed the loss you will take with the ones that do go out of business.
18
posted on
03/03/2012 4:32:21 PM PST
by
Son House
(The Economic Boom Heard Around The World => TEA Party 2012)
To: Lazlo in PA
13k should be around 9k except there’s no where else to go, and you get dividends for income.
19
posted on
03/03/2012 4:32:36 PM PST
by
Son House
(The Economic Boom Heard Around The World => TEA Party 2012)
To: Lazlo in PA
You will have til into 1st quarter before the stocks value dissipates as the realization that consumers are turning into hoarders.
20
posted on
03/03/2012 4:32:39 PM PST
by
Son House
(The Economic Boom Heard Around The World => TEA Party 2012)
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80, 81-82 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson