Black Monday

[Bobdn]

Only causualty--the Dodd Frank law (the one thats suppose to help protect us from the next GFC)

Here's an interesting alternative view. Less government intervention means less chance of another GFC. Give capitalism a chance. Skid are you in or out of the market, I can't remember. What are you primarily invested in?

http://www.forbes.com/sites/richards.../#53d7da48449e

[moka]

Here's an interesting alternative view. Less government intervention means less chance of another GFC. Give capitalism a chance. Skid are you in or out of the market, I can't remember. What are you primarily invested in?

http://www.forbes.com/sites/richards.../#53d7da48449e

"Large majorities have long told pollsters that Wall Street is greedy, selfish, and unethical,” says AEI. Self-interest is . . . immoral? So self-sacrifice and misery are moral ideals? In fact, when guided by reason and the long-range view, self-interest is both moral and practical: greed for knowledge, wealth, health, culture, and well-being is the motivation for achievement and prosperity. Greed doesn’t mean exploiting others but trading with them, value-for-value, to mutual advantage."

Greed is Good

https://www.youtube.com/watch?v=PF_iorX_MAw
Gordon Gekko "Greed is Good" Full Speech *read the description*


http://www.americanrhetoric.com/Movi...allstreet.html
Well, ladies and gentlemen, we're not here to indulge in fantasy, but in political and economic reality. America, America has become a second-rate power. Its trade deficit and its fiscal deficit are at nightmare proportions. Now, in the days of the free market, when our country was a top industrial power, there was accountability to the stockholder. The Carnegies, the Mellons, the men that built this great industrial empire, made sure of it because it was their money at stake. Today, management has no stake in the company!

The point is, ladies and gentlemen, that greed - for lack of a better word - is good
Greed is right
Greed works
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit
Greed, in all of its forms - greed for life, for money, for love, knowledge - has marked the upward surge of mankind.

[Bobdn]

"Large majorities have long told pollsters that Wall Street is greedy, selfish, and unethical,” says AEI. Self-interest is . . . immoral? So self-sacrifice and misery are moral ideals? In fact, when guided by reason and the long-range view, self-interest is both moral and practical: greed for knowledge, wealth, health, culture, and well-being is the motivation for achievement and prosperity. Greed doesn’t mean exploiting others but trading with them, value-for-value, to mutual advantage."

Greed is Good

https://www.youtube.com/watch?v=PF_iorX_MAw
Gordon Gekko "Greed is Good" Full Speech *read the description*


http://www.americanrhetoric.com/Movi...allstreet.html
Well, ladies and gentlemen, we're not here to indulge in fantasy, but in political and economic reality. America, America has become a second-rate power. Its trade deficit and its fiscal deficit are at nightmare proportions. Now, in the days of the free market, when our country was a top industrial power, there was accountability to the stockholder. The Carnegies, the Mellons, the men that built this great industrial empire, made sure of it because it was their money at stake. Today, management has no stake in the company!

The point is, ladies and gentlemen, that greed - for lack of a better word - is good
Greed is right
Greed works
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit
Greed, in all of its forms - greed for life, for money, for love, knowledge - has marked the upward surge of mankind.

Yes, he was definitely channeling Gecko there I do like this quote from the article:

"Many people still attribute the financial crisis of 2008 to “greed,” Wall Street, and free-market capitalism, even though the real cause –which has yet to be acknowledged, let alone curbed or removed – was government intervention in markets. This included the Federal Reserve’s disruptive manipulations of interest rates, plus massive subsidies and regulations in housing, banking, and mortgages. For years government policy promoted reckless financial practices (aka, “moral hazard”) and then made things worse by bailing out the worst miscreants."

[Lewylewylewy]

French election in may will be an interesting read. If Le Pen gets in, she will break away from the Euro. That'll create "buying opportunities". I wonder if this is the collapse of Europe? Probably not.

Kinda stupid really. Bunch of rules made up in Europe to allow people into the country, who come from countries where they have a liberal view of what Europeans would call crime, a disposition towards manors that are considered undesirable and a hated for the people of the countries there moving into. Then everyone wants out of Europe, not to get out of Europe, but to stop a law that no one wants.

[Bjauck]

French election in may will be an interesting read. If Le Pen gets in, she will break away from the Euro. That'll create "buying opportunities". I wonder if this is the collapse of Europe? Probably not.

Kinda stupid really. Bunch of rules made up in Europe to allow people into the country, who come from countries where they have a liberal view of what Europeans would call crime, a disposition towards manors that are considered undesirable and a hated for the people of the countries there moving into. Then everyone wants out of Europe, not to get out of Europe, but to stop a law that no one wants.

I think it may come down to a race between Fillon and Le Pen. The French have the "advantage" of seeing how Brexit and Trump have been playing out. Trump has been lashing out here and there and Brexit's May has been in a type of nevernever land, desperately clinging onto Trump and Erdogan. Will the French be looking on with horror? How Le Pen does, may also depend on how strong counter-Brexit and counter-Trump feelings have become.

Unlike 37% of the UK electorate who wanted to give up and quit the Europe Union, instead of trying to help improve and overcome challenges, I think the rest of Europe has the will to stick together and work through the problems facing the EU.

Reception and orientation for immigrants and refugees could improve. A prosperous and aging European population has demand for immigrants though. It will be a bumpy time ahead in the markets though. imo.

[arc]

wt?

https://www.nytimes.com/2017/02/08/business/ivanka-trump-nordstrom-tj-maxx.html?_r=0

[BlackPeter]

wt?

https://www.nytimes.com/2017/02/08/business/ivanka-trump-nordstrom-tj-maxx.html?_r=0

He couldn't have found a better way to demonstrate how corrupt he is. However - belongs probably on the Trump thread.

[Raz]

He couldn't have found a better way to demonstrate how corrupt he is. However - belongs probably on the Trump thread.

Another storm in a tea cup..saying a good word about his daughter is just natural love and affection..people going to hate:-)

[BlackPeter]

Another storm in a tea cup..saying a good word about his daughter is just natural love and affection..people going to hate:-)

Are you for real? Did you even read Trump's message? He is clearly trying to intimidate a business for taking his daughters clothes off her special line.

[Baa_Baa]

Are you for real? Did you even read Trump's message? He is clearly trying to intimidate a business for taking his daughters clothes off her special line.

I think you miss Raz point but make another accurate point. Neither are mutually exclusive.