Comment

Comment by Anubis on May 8, 2010 at 10:14am

Would agree with you Dan on every thing except, I don't think he is socialist as much as he is fasicist.

-Anubis

Comment by Anubis on May 8, 2010 at 9:54am

Yea, we a far from being out of the woods, that is for sure.

-Anubis

Comment by Justen on May 7, 2010 at 9:59am

Anyone who understands Austrian economics (popular figures include Ron Paul, Peter Schiff, John Stossel, Gerard Celente) could have and did predict this. The only people who will tell you things like "deficits don't matter" and you can "spend your way out of debt" and other utter, complete nonsense are they Keynesian and Chicago School "economists" who are no more than political soothsayers. Austrian economists are very used to being right and very used to being ignored, because they tell people the truth when they don't want to hear it. Expect more of this to come. Italy and Spain are next, the entire EU may collapse over this and the euro is going to nosedive. You think this recession is over? Don't bet on it. The market was trying to correct itself, but the idiots in various world governments didn't want a correction so they tried to stall with stimulus and bailouts. This will not work, it only delays the inevitable. The correction is ongoing; it can be slowed down and made digestible, but anyone who tells you it's over is lying to you.

Comment by JS on May 7, 2010 at 9:14am

I've never not been a supporter of Ron Paul. I've always been somewhat pro-him or neutral.

Comment by Anubis on May 7, 2010 at 9:04am

You are correct, when I posted this, we didn't know that :).

But Greece contributed, due to investors fears.

-Anubis

Comment by JakeWarner on May 6, 2010 at 11:01pm

Ron Paul = Incredible.

And the DOW didn't drop 1,000 today because of just Greece, there was a trading error with Proctor & Gamble (PG) that caused it to drop 37% fluctuating the market by a quick -127 points which caused the sell off -- which quickly rebounded.