Wednesday, September 19, 2007

This guy is pissed.

I like his videos, but he's pissed now...



Whether you believe the doom and gloom or not, it's interesting...

2 comments:

blogagog said...

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.

Fletch said...

A Lamborghini? A yacht?

I had no idea! I'm not really comfortable talking with you now...