James Galbraith on the Bailouts: Discussing government help for struggling businesses, with James Galbraith, University of Texas economics professor.
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Whether the government will have to spend more than $700B to bail out big business, with Doug Dachille, First Principles Capital Management; Rick Santelli & Steve Liesman.
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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November 12th, 2008 at 2:07 pm
Be cautious if you are short the market. If times get really bad it is totally possible the gov’t will outlaw shorting and short funds which could overnight take those fuinds to $0.
I got the crash part right but didn’t wait. Shouldn’t have flipped. Oh well! Down we go.
I do intend to keep investing in blocks. I have limit orders set to go on the way down.
November 12th, 2008 at 2:44 pm
It’s hard to take seriously a guy that looks that much like Jim Cramer, he said sardonically.
November 15th, 2008 at 11:07 am
Kiernan is a horse’s a**.