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alstry (35.88)

Alstry's Deal or No Deal

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September 26, 2008 – Comments (6)

VP babe Palin says if we don't do a deal we will go into the Great Depression.  Paulson says it will be armegeddon.  Bush says it will be grave.  That pretty much rounds the bases....no deal we are hosed.

If we do a deal...the dollar will tank....inflation will be out of control.....interest rates will rise....gold will go nuts......taxes will have to be raised.....earnings will plummet......companies will go bankrupt.......stocks will crash..........and the cheerleaders will not have much to look forward to.....

So which is it Deal or No Deal??????????????????

6 Comments – Post Your Own

#1) On September 26, 2008 at 5:46 PM, devoish (97.60) wrote:

No deal, no depression, no more stupidity. This is not a crisis. It is a negotiation, and the banks had dealt themselves a crummy hand. Too bad. The more of their money that disappears, the more what I have is worth.

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#2) On September 26, 2008 at 5:58 PM, alstry (35.88) wrote:

Excellent comment....and dead on.

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#3) On September 26, 2008 at 8:20 PM, LordZ wrote:

Recommends that we go into commercial...

 

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#4) On September 26, 2008 at 10:07 PM, mliu01 (< 20) wrote:

Can some one explain to me how the deal can stop the amageddon?

 

 

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#5) On September 26, 2008 at 11:12 PM, alstry (35.88) wrote:

mliu

That is the  whole point of the this blog,  You can't solve an insolvent economy by borrowing more money and only giving it to a few banks.

Banks, even  if more liquid, will not loan to  insolvent  borrowers  or projects that make  no sense. 

Without anyone addressing the insolvency issue......the  problems only get worse and the runs on the finanicial systems will accellerate.

Get ready for liquidations in EVERY ASSET class except treasuries.....very very soon,

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#6) On September 27, 2008 at 12:47 AM, jesusfreakinco (28.91) wrote:

Al,

But how do you solve the issue with munis you mention in your other blog?

 

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