Don't Let Congress Bail out Europe with our $$ - Page 3 - New England Patriots Forums

PatriotsReign · 05-12-2010, 11:59 AM

Quote:

Originally Posted by chicowalker

I'm really not sure how productive that is. Seems like an overreaction to me.

Well, if you think I've joined a militia group or something, rest easy Chico, I haven't!!

It all depends upon how serious one's "worst-case" vision of the current crisis is. Personally, I believe it's a hell of a lot worse than the majority want to admit. I look at this stuff for a living and I'll admit that it's scaring me.

Consider the scenario of the markets diving 25% once again in say...3-6 months. What effect do you think that would have upon the American/world psyche? Add to that the potential of the Euro collapsing (which I believe would be best for Europe & the world).

***Leave No Doubt*** · 05-12-2010, 12:31 PM

Quote:

Originally Posted by PatriotsReign

Maybe the US and Europe have this all planned out. Crash our economies so they can start a new world gov't.

Over millions of dead bodies....

Global governance has been a goal for years, it's in school history books; it's no secret in fact it's been talked about by many politicians including Obama, Brown, Clinton, W. and was a favorite topic of Bush Sr. Al Gore, many others. Tons of you tubed archives on it: YouTube - new world order speeches
YouTube - U.S. Schools Using History Books to Teach The New World Order

Is this where we're headed? I have no idea but common sense should tell us if something's been touted and pimped for decades, it probably hasn't disappeared.

chicowalker · 05-12-2010, 12:42 PM

Quote:

Originally Posted by PatriotsReign

Well, if you think I've joined a militia group or something, rest easy Chico, I haven't!!

It all depends upon how serious one's "worst-case" vision of the current crisis is. Personally, I believe it's a hell of a lot worse than the majority want to admit. I look at this stuff for a living and I'll admit that it's scaring me.

Consider the scenario of the markets diving 25% once again in say...3-6 months. What effect do you think that would have upon the American/world psyche? Add to that the potential of the Euro collapsing (which I believe would be best for Europe & the world).

That's actually part of what I'm referring to. I think people tend to overreact to both good and bad news and worry about things rather than acting.

Things could certainly get worse, but that would largely be due to psychology. Just like people's overoptimistic reactions when things are going well artificially push them further (for a while).

We can never go back, and I'm not one who pines for the "good old days," but when it comes to the markets, I do think we'd generally be better off if people couldn't look at stock prices and index values on a nearly real-time basis. (I've worked "on Wall Street" for most of my career, and once I got into a position where I could do so, I'd cut people off as soon as they started talking about where the market was at that point in the day, since it was almost always irrelevant to what we were doing.)

PatriotsReign · 05-12-2010, 01:42 PM

Quote:

Originally Posted by chicowalker

That's actually part of what I'm referring to. I think people tend to overreact to both good and bad news and worry about things rather than acting.

Things could certainly get worse, but that would largely be due to psychology. Just like people's overoptimistic reactions when things are going well artificially push them further (for a while).

We can never go back, and I'm not one who pines for the "good old days," but when it comes to the markets, I do think we'd generally be better off if people couldn't look at stock prices and index values on a nearly real-time basis. (I've worked "on Wall Street" for most of my career, and once I got into a position where I could do so, I'd cut people off as soon as they started talking about where the market was at that point in the day, since it was almost always irrelevant to what we were doing.)

Personally, I've learned that I have to separate reality from emotion to analyze economic conditions and develop my forecasts.

I'm a big-picture/macro guy in relation to what my responsibilty is to my company. I look at long-term effects of economic variables upon the consumer mindset.

I agree that the "Markets" have become somewhat of a joke because it's become a casino instead of a place to invest wisely. Short-term speculation plays much too big a role in today's markets and true VALUE plays much too small a role.

Just look at the positive reaction to the Greek/Europena bailout today upon the markets and you realize people just don't know what they're doing...or maybe it's just CNN stating "Markets Rally as European debt fears ease". REALLY? And do people truly understand what the situation actually is in Europe? I doubt it....