http://www.democraticunderground.com//discuss/duboard.php?az=view_all&address=389x7156961Oh my.
The mountain man primitive who, like all men, nightly pitches his tent one day's march nearer the mausoleum:
ThomWV (1000+ posts) Fri Dec-04-09 05:01 PM
NOMINEE FOR TOP PRIMITIVE OF 2009
Original message
Its like an Auction at a mansion
This morning a caller into C-Span's Washington Journal program noted that in recent days as the value of the dollar has dropped the stock market (DOW and S&P) has continued to rise; how can that be? Apparently nobody knew, or at least nobody on stage was willing to suggest an answer. Let me suggest one: If dollars are cheap they will flood in from all over the world to buy up our assets at fire-sale prices, the additional demand has caused stock prices to rise a bit. How hard was that one to figure out?
The nation is being sold out from under us. You might have thought it was all already gone, but not so. We still produce and export, we are still a player. But there we are on the open market being sold off day by day by a cheap dollar no longer supported by the notion that the American working man and woman will be able to pay the nation's debts. The world can see we're in trouble now, the falling dollar tells you they think the decline will continue. But in the meantime plant, equipment, and management are cheap on our side of the pond.
Have you ever been to an auction from a wealthy estate? You look at all the millions of dollars in stuff and you wonder to yourself, 'how in hell did they ever go broke? They had so much.'
No primitives at this bonfire yet.
