Quote:
Originally Posted by drunken monkey
Please don't get me wrong, I am not defending Obama or attacking your position on him and his plans; just pointing out that the current climate is such that nothing anyone is going to say or do is going to have any immediate effect on our markets.
A recession is typically taken to be official after 6 months of decline in markets. Once a recession is official, it "usually" lasts at least 18 months before any real change is noticed. Following this, it seems to me that Obama's election and inauguration occured during this period and would suggest that the reality is that the current market decline has little to do with his taking the helm; instead merely doing what it does during such a situation.
i.e continue to fall.
Add to this the fact that one of the key problems here is lack of liquidity in companies (and banks) and that the Libor rates are still so high means that companies who rely on banks to maintain cashflow are going to suffer even more.
i.e lose market worth.
|
Yeah I recall you got that some of that advice from your sister.
.....
The last time I checked you were always an Obama supporter so therefore not impartial in your comments either.
The people that will get the U.S. out of recession will be the 57 million that voted against him. Many of his supporters don't even have a pot to piss in. None of his supporters are taking heed of what he said. We might once we become confident that he and his administration can do the job.
And I would not confuse the recession with the economic meltdown caused by two simple words.....Fannie and Freddie or companies like the U.S. automakers that created their own mess.