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| User Info | Ben Stein's Idiocy in forum [Ticker] | ||||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/664-Be....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-11-19 13:51:25
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Tsberts Posts: 1809 Incept: 2008-02-05 
Minnesota
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If Ben has been "buying and holding" for the past ten months, you know what game I've been playing? Wait for it... Wait for it... Win Ben Stein's Money ---------- Photoguy was an optimist. In Soviet Russia, the banks are run by the politicians.
2008-11-19 13:59:09
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Jparks Posts: 490 Incept: 2008-04-07
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Excellent, Karl. I would add just one thing. Stein isn't an ass, he's a pompous ass. Going out now for more rice and beans.
---------- "We used to be a country that made ****. Now, we just have our hand in everybody else's pocket." Sobatka, The Wire.
2008-11-19 14:03:57
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Blackswan Posts: 3602 Incept: 2007-11-06
Ponzi Roller Coaster
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I could not agree more. That jackass has been spouting bullish non-sense going back to August 2007 when he loved Bear Sterns, Merril and Citi to name a few. Here is another jackass spouting non-sense. I still think he is arguing that we are not in a recession. He was pro-bailout and now that it has failed he has not apologized. ----------
2008-11-19 14:05:26
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Maple Posts: 4462 Incept: 2007-09-03
Southern California Online
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Surprised this little chap is worthy of a mention.
2008-11-19 14:05:54
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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It was illustration of the stupidity that gets invited to "testify" before Congress.
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-11-19 14:08:39
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Eb Posts: 370 Incept: 2008-11-11 
Virginia Suspended
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Numerical chances of a depression in your opinion Gen? The TNX looks like **** today.
2008-11-19 14:14:42
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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75%, up from 50% a month ago. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-11-19 14:15:36
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Jparks Posts: 490 Incept: 2008-04-07
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Yeah, Karl, why invite David Walker when Ben ****ing Stein is available.
---------- "We used to be a country that made ****. Now, we just have our hand in everybody else's pocket." Sobatka, The Wire.
2008-11-19 14:16:17
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Eb Posts: 370 Incept: 2008-11-11
Virginia Suspended
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What levels of decline in GDP and increases in unemployment (U6 mind you, not the bull**** the government uses as its official stat) do you expect?
2008-11-19 14:17:09
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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20% cumulative GDP decline, U6 > 15% with near-certainty, likely to go over 20%. Confidence of those levels being met or exceeded at this point is over 50%. To be covered in depth in my "Year In Review" ticker due out in late December. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me Last modified:
2008-11-19 14:19:21 by genesis
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Eb Posts: 370 Incept: 2008-11-11
Virginia Suspended
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I figured a decline in GDP of around 10-15%. I agree on u6. It's already at around 12%.
2008-11-19 14:20:39
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Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
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Gen, You must have one helluva congressman for you not to run. ---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2008-11-19 14:24:37
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Eaglewwit Posts: 1890 Incept: 2007-11-30 SoCal
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Was that the garbage that Barney Frank read? I have nothing but utter disdain for that Barney Frank. ---------- "Not even I imagined we would see trillions of dollars being created and given to the culprits as a means of allegedly "saving" the system. This is not mere Keynesianism; it is Keynesianism on steroids and crystal meth."
2008-11-19 14:24:44
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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I couldn't be elected dogcatcher TMD. I refuse to bull**** people. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me Last modified:
2008-11-19 14:28:35 by genesis
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Eb Posts: 370 Incept: 2008-11-11
Virginia Suspended
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This is exactly why you should run Gen, and I don't say this as any suck up BS.
2008-11-19 14:53:05
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Txdomer Posts: 968 Incept: 2007-11-07
Ding-dong, the Fed is dead!
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Ben Stein has a B.S. in Economics from Columbia. Apparently, a B.S. in Economics begets B.S on investing. But to destroy an entire economy, it takes a Ph.D. ---------- "Economics is not practiced as a science. Rather, it is a pretentious way to covertly promote political prejudices." - Fred Harrison http://renegadeeconomist.com Last modified:
2008-11-19 15:13:35 by txdomer
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Xanares Posts: 1288 Incept: 2008-11-10
London
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Don't be too hard on Ben, he doesn't know better. Besides, he is a gift to us all! If you have done the opposite of what Ben suggested, you would have earned a ton. The man is a goldmine of disinformation. One wonder if he is playing against his bluff himself. Remember his Merrill Lynch buy recommendation at 75 in 2007? Goldmine, I tell you.
2008-11-19 15:05:38
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Bdh Posts: 925 Incept: 2007-12-16 U.S.
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The funny thing is, if and when we get a depression, there will be people like Ben Stein and Ben Bernanke that will think it was caused because there wasn't enough intervention and money thrown at the problem than there has been up to this point. That is was Ben is saying here! And so sadly we still will not have learned our lesson on "How To Prevent A Depression". Last modified:
2008-11-19 15:18:37 by bdh
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Tnben Posts: 326 Incept: 2008-10-14
Memphis Online
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Ben Stein's prescription--throwing even more government money around--is what I believe we will see happen.
2008-11-19 15:14:32
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Curbyourrisk Posts: 1891 Incept: 2008-08-19 Long Island, New York
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Let's get one thing straight. We are a service Economy. Manufacturing officially died in the 1990's. YOU CAN NOT STIMULATE A SERVICE ECONOMY. (well, you can, but its called a credit bubble)
---------- Hopium: hope filled delirium preached by the White House and Swallowed whole by the American Sheeple. Why is Franklin Raines a free man? "We saved the world from disaster" - Ben Bernanke - Jackson Hole 08/21/2009 
2008-11-19 15:50:58
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Eb Posts: 370 Incept: 2008-11-11
Virginia Suspended
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Well the TNX tanked today and support has broken in the equity markets. Next stop?
2008-11-19 15:53:26
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Banditfist Posts: 314 Incept: 2007-09-20
Baltimore, Maryland
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I just wonder if Gen could win Ben Stein's money. Why doesn't he ever go back and reread his fathers axiom: Herbert Stein's Law "If something cannot go on forever, it will stop," ---------- "Are you sure you can't remember?" "I'm sure I can't remember" ~ Ben Bernake 25 Jun 2009
2008-11-19 16:06:05
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Johngrey Posts: 61 Incept: 2008-11-09 The Gonzo Nation
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Eb wrote..
I agree with Gen that a retrace to 500 on the S&P is almost certain, and 200 isn't out of the question. The next strong support on INDU is somewhere around 6000, which some slight support in the mid-7000s. Below that is the 4000s. Last modified:
2008-11-19 17:06:46 by johngrey
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Wxman40 Posts: 774 Incept: 2007-08-25
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Bravo Gen..I cant stand Ben Stein..why people like him..a second rate actor..has become a supposed financial expert just shows you what passes for knowledge now. This guy is a total twit..I remember him last summer 2007 going on and on about how the big investment banks are so well run and that nobody should panic and sell but be buying if anything. He deserves to be blasted..he is a total idiot.
2008-11-19 17:09:27
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