Comments on: Rosenberg: The Grinch who stole Christmas http://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html a finance news and opinion site Mon, 22 Mar 2010 06:53:58 +0000 hourly 1 By: kbobhttp://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html#comment-7763 kbob Tue, 03 Nov 2009 00:54:03 +0000 http://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html#comment-7763 Bernanke will go down in history as the worst and most irresponsible Chairman. He is just drugging us up with short term treats. Not trying to be a downer...just being realistic. <br><br>PS. Market has topped. Bernanke will go down in history as the worst and most irresponsible Chairman. He is just drugging us up with short term treats. Not trying to be a downer…just being realistic.

PS. Market has topped.

]]> By: kbobhttp://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html#comment-7054 kbob Mon, 02 Nov 2009 17:54:03 +0000 http://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html#comment-7054 Bernanke will go down in history as the worst and most irresponsible Chairman. He is just drugging us up with short term treats. Not trying to be a downer...just being realistic. <br><br>PS. Market has topped. Bernanke will go down in history as the worst and most irresponsible Chairman. He is just drugging us up with short term treats. Not trying to be a downer…just being realistic.

PS. Market has topped.

]]> By: charliebullhttp://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html#comment-7037 charliebull Fri, 30 Oct 2009 16:33:15 +0000 http://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html#comment-7037 Just as I expected from you (write)downers. You see what's happening today? It's because people are so goddamned worried that the recovery is weak. I guarantee you Big Ben Bernanke is going to put the kibosh on this nonsense.<br><br>Sit back and relax, guys. We are well on the road to recovery.<br><br>Charles D. Bull<br>"Always optimistic, always making money" Just as I expected from you (write)downers. You see what's happening today? It's because people are so goddamned worried that the recovery is weak. I guarantee you Big Ben Bernanke is going to put the kibosh on this nonsense.

Sit back and relax, guys. We are well on the road to recovery.

Charles D. Bull
“Always optimistic, always making money”

]]> By: kbobhttp://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html#comment-7035 kbob Fri, 30 Oct 2009 16:04:56 +0000 http://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html#comment-7035 Wow Charles!! I can't believe what I'm hearing. I could not disagree with you more. This is a classic bear market rally (there were plenty during the great depression) that has been juiced up by government crack cocaine...oops I mean "stimulus". This is ANYTHING but a bull market. And just because the market jumped 2% yesterday does not mean anything (it's down more than 2% today). <br>And regarding that 3.5% GDP figure you are fascinated by...not so fast. Disect it for a second and you will see that without 3 factors- personal consumption (artificially boosted by Cash for Clunkers), residential construction (articificially boosted by housing credits and government subsidies) and inventory reconfiguration (also something that is temporary)- the figure would have actually been -0.3%. So basically take the short term government heroin shot out of the equation and you have an unchanged, horrible economy. <br><br>The jump in the economy is definitely temporary- what do you expect when you throw a $780 billion stimulus package, trillions of $ in bailouts, and zero interest rates at a system??? And this is definitely not sustainable. <br><br>"Positive thinking" is not going to get us out of a hole- wise and honest policy is. And we are far off from that. <br><br>Bigger Banks??? Are you joking??? The whole crisis came about as a result of an overbloated, reckless, supposedly 'invincible' banking sector. <br><br>You are completely off mark in every way Charles, in my opinion. Wow Charles!! I can't believe what I'm hearing. I could not disagree with you more. This is a classic bear market rally (there were plenty during the great depression) that has been juiced up by government crack cocaine…oops I mean “stimulus”. This is ANYTHING but a bull market. And just because the market jumped 2% yesterday does not mean anything (it's down more than 2% today).
And regarding that 3.5% GDP figure you are fascinated by…not so fast. Disect it for a second and you will see that without 3 factors- personal consumption (artificially boosted by Cash for Clunkers), residential construction (articificially boosted by housing credits and government subsidies) and inventory reconfiguration (also something that is temporary)- the figure would have actually been -0.3%. So basically take the short term government heroin shot out of the equation and you have an unchanged, horrible economy.

The jump in the economy is definitely temporary- what do you expect when you throw a $780 billion stimulus package, trillions of $ in bailouts, and zero interest rates at a system??? And this is definitely not sustainable.

“Positive thinking” is not going to get us out of a hole- wise and honest policy is. And we are far off from that.

Bigger Banks??? Are you joking??? The whole crisis came about as a result of an overbloated, reckless, supposedly 'invincible' banking sector.

You are completely off mark in every way Charles, in my opinion.

]]> By: Stevie b.http://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html#comment-7032 Stevie b. Fri, 30 Oct 2009 06:46:03 +0000 http://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html#comment-7032 Ed....er...um...Charlie. At last the truth! Or as Dr Pangloss might say if he was around today - this is still the best of all possible worlds.<br><br>Nil desperandum & onwards and upwards! Ed….er…um…Charlie. At last the truth! Or as Dr Pangloss might say if he was around today – this is still the best of all possible worlds.

Nil desperandum & onwards and upwards!

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