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["Wendy" <crazygardens AT verizon.net>]

You know, I must be going senile, but I totally agree again with James.  His 
"throwing the gun" analogy is a very accurate one.  Also interesting to note 
is that when the markets began to shake, the price of oil began to drop. 
Gas at our local station fell 20 cents over night.  I still stand that this 
crumbling of the top level of our economic structure is actually a good 
thing.  It has been top heavy for a long time.  It will point out how many 
people depend on the illusion that cash flow creates wealth or that the 
imaginary money contained in stock value is somehow real.  Your real hard 
cash is still real hard cash.  It is also interesting to note that President 
Bush (or anyone else in Washington) could not seem to come up with a real 
answer when pressed on how the crumbling of the big financial companies 
would affect Common Joe on the streets.  That is because Joe still uses 
cash.  These next few months should be interesting.

Wendy


> You know the scene in the swashbuckle, adventure, or war movie.  The
> protagonist is defending against overwhelming odds, certain doom, he draws 
> his pistol
> and begnins shooting.  Bang, bang, bang, ..,. click, click .... then in an
> impulse of desperation, he throws the gun at the rapidly advancing enemy.
>
> That's what's just happened.  As many, moi-self included, have opined, 
> those
> thrice weekly announcements that the Fed was injecting $60B then $100B 
> dollars
> was the first few rounds, then they forgot to count the shots as the last
> bullets in their gun were discharged at AIG, Fannie, and Freddie.
>
> The bailout passed and signed today it the frantic, last ditch, 
> ineffective,
> and panicked throwing the gun at the enemy.
>
> -----------------------------
>
> Now, financial reporting is a curious thing.  The rise and fall of stock
> values seems to have no basis in reality and the most idiotic news sends 
> the
> numbers widely up and down.  Even with no dog in the fight, it's amusing 
> to read
> them in times like these.  And they've gotten to the point that they go
> something like this:  "Stocks soar today as CEO finds 37 cents in the 
> pocket of his
> spare pants."  "Stocks plunge today when company vice president learns the
> Wendy's coupons he was going to use for lunch have expired!"
>
> The most amusing have been the analyses that appear in groups of four like
> this:
>
> Stocks higher on the fact that A didn't happen.
> Stocks lower on the fact that A didn't happen.
> Stocks higher on the fact that A did happen.
> Stocks lower on the fact that A did happen.
>
> Yeah.
>
> Recently it has been this heinous bailout bill.  Over the past week these
> comments acutally appeared on some of the financial news sideboards:
>
> Stocks higher today on prediction that bailout will be defeated.
> Stocks lower today on prediction that bailout will be defeated.
> Stocks higher today on prediction that bailout will be passed.
> Stocks lower today on prediction that bailout will be passed.
>
> Todays tag was a jewel. "Stocks sharply lower on economic news inspite of
> bailout."
>
> Yeah.
>
> Fact is the economic news all broke early this morning and DOW was up more
> than 300 points in the afternoon.  Then the very moment the bailout was 
> signed
> into law, it began to drop losing 486 points by closing.
>
> The big IF has been, what if the bailout doesn't "work"?  Of course it 
> can't
> "work", it is a PR job to try to keep the crumbling economy intact until 
> after
> the election.  And it isn't working.  We (collectively) have now shot all 
> our
> rounds and today we threw the gun at the enemy.
>
> If McCain had any savvy, which apparently he decidedly does NOT, he would
> have stuck with his previous guns of 'no bailouts' and squarely opposed 
> this
> bill.  Then when the economy sank, he could say "See, I told you, I told 
> you I am
> the maverick, I'm the only one who stood firm agaisnt this and now
> seeeeeee....."
>
> But he didn't.  Flippin' idiot!
>
> Now we ride out a depression or else the government does what it did in
> Germany in the '30's, what Argentina did, what Brazil did, and what 
> recently
> Zimbabwe did ... we keep bailing out this and that until the currency 
> hyper inflates
> and, like Zimbabwe, we start issuing $100B dollar bills and it takes fifty 
> of
> them to buy a loaf of bread.
>
>   </HTML>
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