Quote:
Originally Posted by Yasa
Anyone want to give me a hand on what the regulation talk is about? And how it will help?
Also, I was wondering about quantitative easing and if/how it will help the US markets this time around. I have a rudimentary idea of how it works, but both times they've done it in the last 2 years the S&P grew slightly but then dipped again. This time it's dipping to where it was almost 8 months ago just before the QE2. So, why do it again? It seems like they're heading towards a liquidity trap.
Again though, I'm looking for clarification.
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If you mean the Tea Party deregulation manifesto it is based on the mythic idea that somehow the US is gods chosen country and they are divinely picked to be rich and succesfull through their reformed protestant commitment to hard work and gumption, and the fact they are in the sh***er must be due to some socialist/popish plot, they have decided that goverment is the new whore of Babylon and if only goverement closed down the US would be back on top.
The fact that most of these poor schmoes are lower middle class and would find themselves living in a new Hooverville (Palinville I suppose) down by the railway tracks if this happened is just Gods great ironic joke.