So, I’m reading through an AP article about the DOW’s wild ride today and come across this sentence:
Investors are questioning whether steep budget cuts in countries including Greece, Spain and Portugal will hinder an economic recovery in Europe.
Do “investors” not understand that each and every dollar that is spent by any government is appropriated from the private sector somewhere?
Even after the experience of Obama’s “stimulus”, are “investors” still delusional enough to believe that government spending actually stimulates anything?
Do “investors” not understand that without dramatic changes in most government spending that nations one by one will see defaults?
Do “investors” not understand that their desire for increased government spending is simply satisfying a short term thrill for long term, significant pain?
Real investors understand each of the items I outlined. However, the bunch of government, teat sucking sycophants that operate wall street don’t. Those “investors” are morons!
You’re talking about the $oro$ class of “investors”, who seek to profit not from the market, but from its destruction and replacement with Socialism.
Why yes, yes I am!
And a point of order – those “investors” are not Ace of Spades HQ Morons. We have proudly appropriated that name.
They’re properly called “imbeciles”.
[…] This post was mentioned on Twitter by wisconsinBNN. wisconsinBNN said: No Runny Eggs: Investors Are Morons: Number of comments: 2So, I’m reading through an AP article about the DOW’s wi… http://bit.ly/dkWKEl […]
“Do “investors” not understand that each and every dollar that is spent by any government is appropriated from the private sector somewhere?”
There is no “crowding out” at this level of capacity utilization and unemployment. If there was, we would be seeing inflation. The data indicates the opposite.
“Even after the experience of Obama’s “stimulus”, are “investors” still delusional enough to believe that government spending actually stimulates anything?”
Take a look at GDP growth over the last 3 quarters. Then tell me who’s delusional. The only problem here is that the government hasn’t spent enough.
“Do “investors” not understand that without dramatic changes in most government spending that nations one by one will see defaults?”
Yes. They do. They also understand that this is a long run problem that needs to be dealt with in the future. Severe deflation now doesn’t cure debt problems. It makes them worse. Keep an eye on Ireland, Greece and Spain and let me know how austerity measures are going in a year.
“Do “investors” not understand that their desire for increased government spending is simply satisfying a short term thrill for long term, significant pain?”
Not in a liquidity trap. Not when they can borrow at 3.38% for 10-years. Not at 4.5% on the 30-year.
“Real investors understand each of the items I outlined. However, the bunch of government, teat sucking sycophants that operate wall street don’t. Those “investors” are morons!”
And your “real” investors would have put all their money into gold, oil and other commodities in the last couple years and gotten absolutely creamed by those morons who plowed their money into U.S. treasuries and equities.
The issue is not one of economics, it is one of physics. The law of gravity will bring each of the over leveraged govt. entities crashing to the ground. The only question is when they will land. That will be determined by what velocity they left terra firma with