I agree with him 50%. It will come back to haunt us, unfortunately in historically deadly October, but it will be much milder than if he did nothing, and the difference between a drop of .25 and .5 is debatable at best.
The problem is that if the markets crash, it screws everyone - not just investors. Bernanke is merely doing his job by trying to stave that off.
A good long-term solution where it's difficult to see the downside is this: Disallow shorting. It would force everyone to have the same goal (production) or get out of the game. There is no benefit to shorting stock other than to the individual who does it. Contrarily, there is great benefit to buying stocks in companies that you believe have a future. Let's end that foul practice.
Take my opinion to heart. I am so good at investing that we saved up enough money to buy a photo of a Lamborghini. A Lamborghini! There's also a nice yacht in the background.
Lily Burk's story is about a young girl's trust and our failure as a society. It includes a family friend of hers who joins the discussion and unbelievably offers the beliefs that perpetuate these horrors. Read the posts and comments starting here. Never forget that these people exist.
Remember James Broadnax
He wounded and executed two Christian music producers for $2 and a car so he wouldn't have to walk home. Watch the interview with the remorseless murderer that changed my life. Never forget that these people exist.
2 comments:
I agree with him 50%. It will come back to haunt us, unfortunately in historically deadly October, but it will be much milder than if he did nothing, and the difference between a drop of .25 and .5 is debatable at best.
The problem is that if the markets crash, it screws everyone - not just investors. Bernanke is merely doing his job by trying to stave that off.
A good long-term solution where it's difficult to see the downside is this: Disallow shorting. It would force everyone to have the same goal (production) or get out of the game. There is no benefit to shorting stock other than to the individual who does it. Contrarily, there is great benefit to buying stocks in companies that you believe have a future. Let's end that foul practice.
Take my opinion to heart. I am so good at investing that we saved up enough money to buy a photo of a Lamborghini. A Lamborghini! There's also a nice yacht in the background.
A Lamborghini? A yacht?
I had no idea! I'm not really comfortable talking with you now...
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