What’s the only thing in town to get a boost by this week’s stock market plunge? Discussion about the stock market plunge, of course. Guvna and whynot_31 have reopened a two-week-old discussion to augur when and how we will start to feel the pain of our collapsing economy locally:
Per Guvna: “In light of today’s biggest stock market single day loss in history, I want to know ‘when’ (not if) we will officially begin to feel raped and pillaged? Anyone?”
Perhaps a better question: when will people wake up? GOD writes: “NOT one reporter is asking people on the street (about) what is happening on Wall Street … How it’s going to impact them. The only thing being talked about is the “Lipstick” issue. No one cares. Guess we’ll have our bibles, guns and know how to field dress a moose to survive into the next century.”
Have you got the insight into where this increasingly dismal road is heading? Do we move to Asia as whynot_31 has considered? Bend over like Guvna advised? Or perhaps you’ve got an even better suggestion. Share it now at Prospect Heights Message Boards: Four Horsemen (Brooklynian.com)
And the market is back up 500 points today.
So now what’s the plan? Still moving? Still expecting Armageddon?
It would be nice if people would stop freaking out for 5 seconds, and not react to every media bobble head — each of whom has a vested interest in public panic and having you glued to their TV station or website.
Put your money in t-bills and see what happens. If we’ve learned anything, it’s that the moneyed class still has a stake in making sure the ship stays afloat.
And the more we find out about the roots of this crisis, those cheering for a bailout, and those that benefit from a bailout, the more we realize they are all the same exact people.
Turns out there are other ways to address this problem than a mafia-like payoff (an infusion of equity, instead of the purchase of debt, for example). Concentrate on that, rather than inciting panic, please.