**That’s incredible, but you’d already said it was a “consensus”; what happened to change the opinion of the entire group so quickly? **
It was a consensus because the world leaders pretty much were all of the same negative opinion toward governments throwing money at the economies and they said so. But since this G20 it appears that somehow smiley Obama has placated them and changed their attitudes.
You do understand what consensus means right?
Yes. Do you?
** Someone who didn’t know what consensus meant could easily throw the word around where it didn’t belong.**
I suppose so.
** I could write, “the consensus is breezethro has the intellectual ability of a chimp”**
A chimp would have more intelligence than a goose hands down … stupid goose!
, but since I have no actual sources or data to back that up it would be worthless hyperbole…right?
It was all over the media just before the G20. China was saying things like we ought to find a new international standard currency, Sarkozi said something about walking out of the G20 talks if Obama didn’t change his stance and Merkel said Germany couldn’t take that kind of rescue packaging Obama is so keen on etc.
Goosey, you get back to me when you have some substance to your honking … bird brain!
It was all over the media just before the G20. China was saying things like we ought to find a new international standard currency, Sarkozi said something about walking out of the G20 talks if Obama didn’t change his stance and Merkel said Germany couldn’t take that kind of rescue packaging Obama is so keen on etc.
Goosey, you get back to me when you have some substance to your honking … bird brain!
And yet they approved a trillion in rescue packaging, nobody walked out, and coverage was uniformly positive. I’d say you were wrong.
Sarkozi said something about walking out of the G20 talks if Obama didn’t change his stance and Merkel said Germany couldn’t take that kind of rescue packaging Obama is so keen on etc.
You do realize, don’t you, that Sarkozi and Merkel"s issue with Obama’s position is that it doesn’t call for more regulations to the world financial system.
Hmm…this summary of press about the summit indicates a largely positive response. The Washington Post article, “A Rare Triumph of Substance”, and many other articles from major news sources indicate largely successful results.
There is little about this “popularity” issue you mention. There is mention of substantive differences between some European leaders and the U.S. plan. but there’s no indication that they were all that serious. I even scanned Fox News to look for something negative, and couldn’t find anything.
And yet they approved a trillion in rescue packaging, nobody walked out, and coverage was uniformly positive. I’d say you were wrong.
cut n paste post 36 way before your this response. I’m not wrong, you are slow.
Actually I take it all back.
After watching CNBC’s telecast of the G20 photo op, it seems like Obama really is Mr Magic Man able to charm the under pants off anyone. It wouldn’t surprise me to see the man walk on water. He had Wen Jiabao grinning from ear to ear like a little school girl having just met a Jonas Brother. He was going around patting the other world leaders on the backs and inciting goofy smiles all round.
Now here’s a thought … since all the world leaders seem to be falling for Obamarism; all the major economies are going to do their stimulus packages in synchronization. Yes we may have worldwide inflation. But who cares? Everyone will get their Obama blow job to get their economic engines started and since everyone is getting it, there will be no relative disadvantage. Brilliant!
Except that China does their stimulus packages with real money they have. Wonder how that plays in?
**Hmm..this summary of press about the summit indicates a largely positive response. The Washington Post article, “A Rare Triumph of Substance”, and many other articles from major news sources indicate largely successful results.There is little about this “popularity” issue you mention. There is mention of substantive differences between some European leaders and the U.S. plan. but there’s no indication that they were all that serious. I even scanned Fox News to look for something negative, and couldn’t find anything. **
Let’s hope it all works out, which I have a gut feeling it will. But here’s a little something to consider -
That depends in large part on what you mean by “work.” I think there’s a good chance that it will work for Obama, in that superficially the economy may look better in November 2012 than it did when he took office. But if “looking better” has been accomplished by creating new bubbles and by devaluing the currency, we will be paying a hefty price down the road. In that case, would it be correct to say that Obamaism has “worked”? - by Rob C in Fl post 21.
**
The Chinese do their cash injection packages with real cash they have in their large reserves. This hefty price for Obamarism mentioned by our Rob Cunningham here … Could it be the decline of America?
See I told you the market would likely retrace from here.
I’ve sold off what I could end of the week. Money will be ready to re-enter when the Dow hits 7500 or 7000. I’ll keep you posted on my pick when the time comes. No one is a 100% but we’ll see. Dow 10,000 is the target for this rally. Expect resistance again around 9000. 7000/7500 to 10,000, that’s a good money making move, especially if you have already made one round from 6500.
Fast money is a lot better than slow and you can compound it to get richer much faster. These next 4 years or there abouts, it will likely be the last great opportunity like this in our lifetimes. Once the next Bull starts it will be the biggest ever. If you buy and sell off short-term, even when you are wrong you will be right as long as your investments are solid.
These days, the best investment areas are not in the USA either. But the Dow and S&P 500 serve as crystal balls. So I do a lot of technicals on these. Plus when you are analysing the indices, it’s a lot more reliable than micro instruments because there are no nasty surprises, sudden unexpected sentiment frenzies or outside unexpected manipulation. The macro news is similarly available to all.
Oil and Energy investments are good and Gold and Precious Metals too. Look for NYMEX $3.50 per barrel or lower and Gold $850 per ounce or lower and you can’t much go wrong. In fact you’re almost certainly likely to be in line for some fast returns.