Takin' on water..
 

I get a really bad feeling about this.. Market is diving like crazy.. Helmets and flak jackets NOW..

It really is that every sector of the economy is hurting from legislative uncertainty. This last minute budgeting and tax policy is arrogant and irresponsible. Want to invest in energy? Nawww. How about healthcare? You NUTS? Well then maybe banking.. No thanks. GM/Chrysler? Can't it's gonna crash when the govt sells. Overpriced Tech stocks like LinkedIn? No way..

The market is where the jobs come from.. Evidently we have no rudder and we're fighting against the wind. Fergitabout $20/tankful overpricing on gas. The wealth of this country is evaporating as the debt mounts. Hope we (as a nation) have some canned peas and jerky stashed away.

It's tempting to ask just how bad things are; problem is that the people who have the information keep silent while the politicians talk too much. There's always been the "we're all doomed" lobby shouting loudly about this and that; they've been crying wolf for so long that if purely by chance they get things right, no-one's going to believe them.

People worry to much. Uncertainty? When has anything ever been "certain"?
Certainty is an empty grave, you will fill it one day. Everything else is subject to change.

Dave

The most troubling aspect of all of this, as is suggested by the OP, is the fact that investors and institutions continue to hold on to capital rather than invest it - either by risking their capital or loaning it (banks). Much of the waiting is because of uncertainty about what the government is going to do. When ethe free market is stifled by the actions or inactions of government, that should be illustrative of just how screwed up things have become inside the beltway.

Bullshit, most of the waiting and hanging onto the cash is simply designed to topple the current administration and get their boot licking serfs in the GOP back into power.

That's a nice donkey party talk track, but the evidence just ain't there to support it. Of course, if you want talk tracks, it can also be said that the donkeys don't want to capitulate or support any budget proposals right now because painting the Repub budget proposals as extreme will be useful during the coming campaign.

In fact, there are some things that the Administration could do today if they wanted to support economic recovery. However, the lack of any useful activity from the Administration and the Senate is quite apparent.

I don't think anything needs to be done. I don't want the GOP interfering with the market.

Conservatives have been telling me that they don't want the government doing anything for most of my life, "The market will correct itself." Okay then, we'll just sit and wait..............................................

Someone pass the popcorn.

You know, people aren't deaf, Whell. We've been listening to conservatives bitch and whine like little kids since they lost in '06. We've heard all of drum beating about making sure Obama fails. We hear all of their bellowing about how they are the "Great Americans", and the only "True Patriots", blah, blah, blah...............Don't even try to deny it. Until they have their way nothing is going to move and you know it. The Republican Party is the party of business and it's boot-licking sycophants. And until we shove the pacifier into their whiney little pie holes, they're going to carry on like it's the end of the world because THEY aren't getting their way. "I'm a businessman! I am the center of the universe, and I demand you give me a tax cut and cheap labor!":rolleyes: That's how people behave when they think only they have all of the answers and that the Almighty himself has picked them to run the whole damn world.

Have a nice weekend.

Dave

Since the senate minority leader has publicly declared that his task is to ensure that Obama does not get a second term what else are we supposed to think. He is being paid, rather handsomely, to govern not to play silly buggers. He should at the least be fired, at best stuck in jail.

Oh, but that is different. Just like "we have to balance the budget now!" (unless we get more tax breaks for the wealthy then that is different too) :rolleyes:


Carl

Has it occurred to anyone here, that it might be due to govt inattention to policy AND a huge distrust of the Pelosi-Reid express driving towards that So%ialist destination AND "something else". The something else being extremely apolitical..

SO we have the "hold the economy hostage til we fake the great People's revolution effect" and the "hissy fit - Atlas Shrugged lite effect" and what I'm calling the "Aint got a clue what the customer needs or wants anymore" effect.

They THINK what we want is to watch Hollywood movies on our 4" IPhones. They think what we want is MORE social networking.
They THINK what we want is MORE "sit in dark" GREEN shit.
They THINK what we want is ever cheaper tennis shoes and tee shirts.
They THINK what we want is CRAP for entertainment.
They THINK what we want is salicious distractions.

But what do we NEED anymore? "Aint got a f'ing clue".. I see that in the market. I see that in my trade journals. I see that in the kind of stuff that my clients and Silicon Valley are doing.

There's the obvious stuff like curing cancer and trying to make fusion power. But have we gotten to the point where we HAVE pretty much what we NEED?

I think a lot of money is on the sidelines BECAUSE it's harder to invent meaningful stuff. We're in a rut technologically. Even Moore's law is sagging.
And I can't truly tell the functional difference between and IPhone, an IPAD, an Aye-Aye and a BlackBerry. Or between Schwartznegger, Edward, Weiner or Palin..

Maybe, just maybe, that's why the class warfare. Because we just want what the other guy has now. Like a riot in a well-stocked kindergarten..