Quake3World

I have one question: Are you serious?

I've watched the markets gape and shit bricks, recover only to collapse and then collapse further and I've kept my mouth shut about it all. The markets seems to wait for some "good news" from the media that everything is grand, something that will somehow guarantee that they won't lose a cent in their daily grind....or they'll wipe out a shitload of wealth in one day.

I mean seriously...for a market that bitches that externalities don't allow the market to work the way it was intended it sure looks to me like the market actually looks to externalities for its inspiration on what to do next.

Take for example this little tidbit: Dow plunges on news recession began in Dec. 2007

Are you fucking kidding me? The market tanks and erases all of the previous progress of the past few weeks because something told them they were already in a recession? What changed from Friday to Monday? Was the market somehow in ignorant bliss which allowed it to flourish the past year (before all the bad news)? Or was it due to the actual value of products within the market? No...it flourished because it thought things were great. And now it's tanking for the opposite reason.

Nothing actually changed to make the market drop 680 points in one day...just the news of it did.

GONNAFISTYA wrote: It seems most people completely forget that market reactions to events can be directly equated with fussy children freaking out over the smallest things and that markets move with a "crowd behavior" (ie. not done with forethought or approached rationally). For prime examples of this check the current price of oil or any stock market collapse in history.

Is this what free market supporters think is a responsible, adult way of handling trade and commerce?

Just askin.

At least it managed to drag the price of gas down with it. I still think that's a bigger chunk of this than people are giving it credit for, overspeculation in oil ended up tanking and now the world's in a more precarious position because it might be too hard for Iran and Russia to pay the bills all of a sudden.

Oopsie fucking daisy. Deregulation is almost always a bad plan.

let's make the world look like it's in trouble so we can raise the price of oil and food.

all in favour say aie
vote passed
2009 shall be the worst year ever muhahhahha
i am rich

hi Ax.

send some diamonds this way or i'll go farcry 2 on your ass

luv
SoM

how's that black mama treating you Ron ?

*wink*

axbaby wrote:let's make the world look like it's in trouble so we can raise the price of oil and food.

all in favour say aie
vote passed
2009 shall be the worst year ever muhahhahha
i am rich

Good idea, let's slash the price of a barrel of oil in half so that we can raise the price of oil. GENIUS, NO ONE WILL SEE IT COMING.

i've generally felt that "free market faggots" are naive, pseudo-intellectuals. i cant explain it.

Back when I was in high school there was a mini-recession. I suggested back then that simply stating enough times that there was a recession was enough to start one. My I'm-just-teaching-so-I-can-coach-basketball teacher sort of agreed. That must have been '88 or '89.
Long and short of it: people are sheep.

ron paul once co-sponsored a bill to force corporations to place minimum 50% of their shares in employee hands (it failed). i sometimes wonder how that would have worked

i would guess that alot of companys are using the super-lul as an oppertunity to do massive buy-backs

In theory, the free market would work if everyone acted rationally.

Problem is though, people aren't rational.

In theory...Santa Claus is real.

Hey dude, don't hate just because he didn't bring you any presents when you were a kid.

Someone who whips reindeer mercilessly and runs a never-ending elf labour camp has no moral ground to stand on in judgment of me.

Besides...that cat wanted to be set on fire.

u know what's even gayer?...

lol so's yer face