Comments on: Economic Anxiety Disorder http://www.ritholtz.com/blog/2008/07/economic-anxiety-disorder/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 17:38:10 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: john http://www.ritholtz.com/blog/2008/07/economic-anxiety-disorder/comment-page-1/#comment-94466 john Mon, 07 Jul 2008 02:07:16 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/07/economic-anxiety-disorder/#comment-94466 In today's society only humor works. Information - as data - is pointless; it takes too much time and brain-power to analyze, and really - who cares. But, if you can ridicule someone, now EVERYBODY can't “feel it”, you don’t need “data”. I look forward to the day when political ads will simply be straight unapologetic ridicule of the "other guy". Then, maybe, we'd get some truth and it would be apparent that none of the kings, queens, princes, or dog-catchers are clothed. In today’s society only humor works. Information – as data – is pointless; it takes too much time and brain-power to analyze, and really – who cares. But, if you can ridicule someone, now EVERYBODY can’t “feel it”, you don’t need “data”.

I look forward to the day when political ads will simply be straight unapologetic ridicule of the “other guy”. Then, maybe, we’d get some truth and it would be apparent that none of the kings, queens, princes, or dog-catchers are clothed.

]]> By: Thomas Shawn http://www.ritholtz.com/blog/2008/07/economic-anxiety-disorder/comment-page-1/#comment-94465 Thomas Shawn Sat, 05 Jul 2008 14:43:21 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/07/economic-anxiety-disorder/#comment-94465 The irony is that the final advice is probably the best that the individual investor can do! No, an investor can do so much more. Invest in funds that go up when the market goes down: SDS and QID for example. Get education about investing, epsecially options, and buy puts, lots and lots of puts. If uncomfortable with steering your own ship hire a professional who buys puts, lots and lots of puts. Swagel is probably a very good economist and he sees what is coming. The look on his face tells me that Dow 10,500 is coming and maybe we'll go right down to Dow 7500 after that. The irony is that the final advice is probably the best that the individual investor can do!

No, an investor can do so much more. Invest in funds that go up when the market goes down: SDS and QID for example.

Get education about investing, epsecially options, and buy puts, lots and lots of puts.

If uncomfortable with steering your own ship hire a professional who buys puts, lots and lots of puts.

Swagel is probably a very good economist and he sees what is coming. The look on his face tells me that Dow 10,500 is coming and maybe we’ll go right down to Dow 7500 after that.

]]> By: tom a taxpayer http://www.ritholtz.com/blog/2008/07/economic-anxiety-disorder/comment-page-1/#comment-94464 tom a taxpayer Sat, 05 Jul 2008 04:32:34 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/07/economic-anxiety-disorder/#comment-94464 Swagel is a freshman at the Hank Paulson School of Elocution and Rhetoric. He has much to learn from the Master. Swagel is a freshman at the Hank Paulson School of Elocution and Rhetoric. He has much to learn from the Master.

]]> By: Karl K http://www.ritholtz.com/blog/2008/07/economic-anxiety-disorder/comment-page-1/#comment-94463 Karl K Fri, 04 Jul 2008 23:40:35 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/07/economic-anxiety-disorder/#comment-94463 So, Barry... are YOU following Dana Milbank's notion -- excuse me, it was Dana Milbank quoting ANOTHER reporter (there's metajournalism)-- that we should put our money in the mattress and get shotgun? (Hint: Ted Williams always liked those Remingtons). Dana Milbank is an idiot, or at least not to be taken seriously as a journalist. Whether it's appearing in an orange hunting vest on Olbermann after Cheyney hunting mishap, or his snarky jab about McCain being liable to "break a hip" (agism anyone?)...or this bit of homoeroticism on Obama from his keyboard... <i>We see [Obama's] well-defined pecs, his perfectly hairless torso, just a bit of padding around the abs and a drawstring dangling from his form-fitting surfer trunks. The aspiring presidential candidate splashes through the water and squints into the distance; he is transformed into Burt Lancaster in 'From Here to Eternity.'</i> http://www.washingtonpost.com/wp-dyn/content/article/2007/01/08/AR2007010801535.html THIS is who you, BR, feel compelled to link to as "brilliant?" Is that right?? Next you'll be touting Gretchen Morgensen as an expert on Credit Default Swaps. (Oh, wait...you've already done that...never mind). Frankly, if Dana does more work like this he may wind up amongst the statistics of the unemployed, along with a lot of his other mainstream media compatriots. So, Barry… are YOU following Dana Milbank’s notion — excuse me, it was Dana Milbank quoting ANOTHER reporter (there’s metajournalism)– that we should put our money in the mattress and get shotgun?

(Hint: Ted Williams always liked those Remingtons).

Dana Milbank is an idiot, or at least not to be taken seriously as a journalist.

Whether it’s appearing in an orange hunting vest on Olbermann after Cheyney hunting mishap, or his snarky jab about McCain being liable to “break a hip” (agism anyone?)…or this bit of homoeroticism on Obama from his keyboard…

We see [Obama's] well-defined pecs, his perfectly hairless torso, just a bit of padding around the abs and a drawstring dangling from his form-fitting surfer trunks. The aspiring presidential candidate splashes through the water and squints into the distance; he is transformed into Burt Lancaster in ‘From Here to Eternity.’

http://www.washingtonpost.com/wp-dyn/content/article/2007/01/08/AR2007010801535.html

THIS is who you, BR, feel compelled to link to as “brilliant?” Is that right??

Next you’ll be touting Gretchen Morgensen as an expert on Credit Default Swaps. (Oh, wait…you’ve already done that…never mind).

Frankly, if Dana does more work like this he may wind up amongst the statistics of the unemployed, along with a lot of his other mainstream media compatriots.

]]> By: dukeb http://www.ritholtz.com/blog/2008/07/economic-anxiety-disorder/comment-page-1/#comment-94462 dukeb Fri, 04 Jul 2008 23:28:31 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/07/economic-anxiety-disorder/#comment-94462 It would have been impressive if an adequate target had been the subject of the take-down. As it stands, this was a mere commentary on journalism (comedic or straight or the new hybrid variety) that is only "brilliant" if intended to be infinitely ironic. Thank you Dana Milbank for fighting the important fight...America is now saved. *And Wexler, too. It would have been impressive if an adequate target had been the subject of the take-down. As it stands, this was a mere commentary on journalism (comedic or straight or the new hybrid variety) that is only “brilliant” if intended to be infinitely ironic. Thank you Dana Milbank for fighting the important fight…America is now saved.

*And Wexler, too.

]]> By: smp http://www.ritholtz.com/blog/2008/07/economic-anxiety-disorder/comment-page-1/#comment-94461 smp Fri, 04 Jul 2008 22:03:28 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/07/economic-anxiety-disorder/#comment-94461 <a href="http://www.youtube.com/watch?v=_Kr_Y9AJmIw" rel="nofollow">proper link</a> Rep. Robert Wexler drills Swagel proper link
Rep. Robert Wexler drills Swagel

]]> By: smp http://www.ritholtz.com/blog/2008/07/economic-anxiety-disorder/comment-page-1/#comment-94460 smp Fri, 04 Jul 2008 22:02:02 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/07/economic-anxiety-disorder/#comment-94460 So this is real? Haha. Here's some more Swagel: http://www.youtube.com/watch?v=_Kr_Y9AJmIw his mannerism & voice kind of remind me of david foley. So this is real? Haha. Here’s some more Swagel:
http://www.youtube.com/watch?v=_Kr_Y9AJmIw

his mannerism & voice kind of remind me of david foley.

]]> By: ttime http://www.ritholtz.com/blog/2008/07/economic-anxiety-disorder/comment-page-1/#comment-94459 ttime Fri, 04 Jul 2008 21:55:53 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/07/economic-anxiety-disorder/#comment-94459 Mr Swagel is a technician not a Politician and was truthful a rarity in DC. I think we are so used to people in power lying through their teeth that actually it was refreshing to see someone admitting that he has no answer. Promote the guy. Mr Swagel is a technician not a Politician and was truthful a rarity in DC. I think we are so used to people in power lying through their teeth that actually it was refreshing to see someone admitting that he has no answer. Promote the guy.

]]> By: Jimmyhussein Carter http://www.ritholtz.com/blog/2008/07/economic-anxiety-disorder/comment-page-1/#comment-94458 Jimmyhussein Carter Fri, 04 Jul 2008 21:06:56 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/07/economic-anxiety-disorder/#comment-94458 Swagel bears an uncanny resemblance to Rowan Atkinson! What's more, his speech could easily have been mistaken for a Mr. Bean routine. Swagel bears an uncanny resemblance to Rowan Atkinson! What’s more, his speech could easily have been mistaken for a Mr. Bean routine.

]]> By: RedCharlie http://www.ritholtz.com/blog/2008/07/economic-anxiety-disorder/comment-page-1/#comment-94457 RedCharlie Fri, 04 Jul 2008 18:53:09 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/07/economic-anxiety-disorder/#comment-94457 The irony is that the final advice is probably the best that the individual investor can do! The irony is that the final advice is probably the best that the individual investor can do!

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