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re: Dow is down over 300 Points

Posted on 11/7/12 at 4:19 pm to
Posted by Icansee4miles
Trolling the Tickfaw
Member since Jan 2007
29339 posts
Posted on 11/7/12 at 4:19 pm to
Anybody surprised by this wasn't paying attention. The markets MIGHT come back up once BHO resumes the overtime operations of the government printing presses, but once he shows his true colors with an all-out war on the energy and petrochemical sector and anyone else producing a product, we are in for a really bad time of it.

(Disclaimer-by "we" I mean people that actually work for a living and not on the government dole)
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5623 posts
Posted on 11/7/12 at 4:29 pm to
quote:

The markets MIGHT come back up once BHO resumes the overtime operations of the government printing presses, but once he shows his true colors with an all-out war on the energy and petrochemical sector and anyone else producing a product, we are in for a really bad time of it.



The Federal Reserve prints currency. The Treasury issues debt.

The Fed =/= Government.
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