****Re: OT: Emergency Buy Out

[keith smith]

I agree this is like natural selection.  It will weed out the bad leaving the good.  I can't help but think that having a situation that causes fiscal restraint and responsibility is a good thing.

A little less money in the economy might be good.  We have become a welfare state.  It is time for people to start working and making decisions  based on the wealth they have made. 
Don't get me wrong I think there is a time and place for a hand UP.  I'm talking about people who look to the government for their needs to be met. 



------------------------
Keith Smith



--- On Mon, 9/29/08, Judd Pickell <pickell at gmail.com> wrote:
From: Judd Pickell <pickell at gmail.com>
Subject: Re: ****Re: OT: Emergency Buy Out
To: "Main PLUG discussion list" <plug-discuss at lists.plug.phoenix.az.us>
Date: Monday, September 29, 2008, 3:22 PM

Yes, but so far none of those have been affected, or if they have, why aren't they being reported? I have yet to read anything from anywhere that states what the real affect of this is. The reality is I don't think anyone knows what is/will be the effect from this situation. Bail out, or no bail out. The economics in question are so spread out and pervasive that it could be bad, or unnoticeable, or worse better for the economy. As an optimist I look to the fact that regardless of the fall out, this is better in the long run. 


And you can't really complain about the current market loss before this point, considering that the market is still 3 times larger than it was when "Black Monday" happened in 87. Considering it took nearly 50 years to hit the thousand mark (1972), I apologize if i am little more optimistic about the prospects of the market surviving without a Bail out. 


Sincerely,
Judd Pickell

On Mon, Sep 29, 2008 at 2:51 PM, Craig White <craigwhite at azapple.com> wrote:

On Mon, 2008-09-29 at 14:29 -0700, Judd Pickell wrote:

> To be fair, it would take a couple thousand points of dropping before

> it reached the panic that happened in 87 when it dropped 22%. Now that

> was a crisis. Apparently the 700+ point drop that happened still only

> constituted a 7% drop. Definitely a very easy point to recover from if

> allowed to.

> http://en.wikipedia.org/wiki/New_York_Stock_Exchange#Events

>

----

that's true as long as you ignore the 2000+ points the DJIA has dropped the last year.



In reality, the DJIA is just an indicator/ a handle and is not actually

the real problem. The problem is people's jobs, the ability of companies

to make payroll, the lack of capital for construction and the general

economy itself.



Craig



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