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341 comments on DrumBeat: January 22, 2008

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Leanan on January 22, 2008 - 3:10pm Permalink | Subthread | Parent | Comments top

Why aren't people more alarmed than they are? Is there any way this ends well?

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oldhippie on January 22, 2008 - 3:15pm Permalink | Subthread | Parent | Comments top

They don't know how to be alarmed.
For a generation the way to get along has been to smile and be empty-headed.
News is a term that no longer has meaning.
The type who hangs here has sounded the alarm too many times and we are, in terms of the normal world, nuts.

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musashi on January 22, 2008 - 4:59pm Permalink | Subthread | Parent | Comments top

One way or another the system has to reset. I do not feel like I can predict how it will reset, we all have a opinion on how we would like it to reset but it's anyones guess how the cookie will crumble.

All one can do is to try and place odds on the various likely scenarios and allocate resources and time accordingly.

It isn't so easy to fight on your feet when surrounded by hordes of people that rather live on their knees = hard to soar like an eagle when surrounded by turkeys.

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PaulS on January 22, 2008 - 9:09pm Permalink | Subthread | Parent | Comments top

Let's see. They did bupkis in school and slid through on automatic A's and games where no score was kept. All ended well. Then they took jobs paying huge wages for zero skill and little effort (though that gravy train has diminished.) All ended well. Meanwhile, they watched tens of thousands of hours of TV where the good guys virtually always won. All ended well. They even persuaded themselves that they would live forever ("toxins" aside.) All ended well (the ones no longer here have no say in this.) And all the while, they steadily became more prosperous - indeed, many who brought nothing of value to the party nonetheless conjured up palatial houses and shiny cars out of thin air. All ended well. And now the Fed will keep the party going with a giant bailout. All...

Gee, is it even conceivable that anything whatsoever might not end well?

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sldulin on January 22, 2008 - 10:00pm Permalink | Subthread | Parent | Comments top

BAC up $1.45, JP Morgan Chase up $1.29, Bear Stearns up $5.45. What Me Worry?

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