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"This is panic, and fear is running amok," one trader told CNBC. "We are in a classic financial meltdown, and it's panic-based. We're seeing panic selling."Allah notes that today's $1.1 trillion in losses exceeds the $700 pricetag of the bailout. Yeah, but at least people are losing their own money, rather than stealing it from the taxpayers.
Cody Balmer – (allegedly) left wing domestic terrorist who set PA Gov.
mansion on fire is a rabid anti-Trump, pro-Hamas nut
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Want to know why the media is so quiet about the arson attack at the
Pennsylvania governor’s mansion last night?
The post Cody Balmer – (allegedly) left ...
3 hours ago
Allah doesn't understand moving money from one place to another is not a loss, it's a transfer. There are buyers & sellers in the true market. Today there were just a heck of a lot more sellers and buyers and a lot of those programmed (ie stop losses) in addition.
ReplyDeleteAnd for everyone who is selling at a loss, there are people buying intending to make a profit. It's the way our system of freedom works.
ReplyDeleteAnd tomorrow, the sun will come up and everybody starts again.
The death of one dollar is a tragedy, the death of billions is a statistic.
ReplyDeleteThe difference is the "losses" today are mostly paper, and what is real comes out of a deadbeats pockets.
ReplyDeleteThe Bailout the bankers beemer bill money would come out of my posket.