The Market Crash and the Wounded Populist’s Moment

It is often the case that only the most logical and deliberative can convince themselves of things that simply are not so. Those who have persuaded themselves to believe that the economy had largely rebounded from the last crash are now starting to see that mirage for what it was: a figment that was evident to the millions of Americans who never saw their fortunes recover. That illusion has, however, been dispelled too late to prevent the rise of the powerhouse populist groundswell that now threatens to overrun the bulwarks of American politics still manned by the establishmentarians’ thinning and demoralized ranks.

  • Clausewitz

    The stock market has been propped up by Obama through Quantitative Easing for the past 6 years so he could hide behind statistics once more. Looks like the bubble is about to burst. Of course the MSM will spin this as all Bush’s fault, or the responsibility of the rich being too greedy. The teflon don that is Obama is never responsible for anything. This will be another example of the Limbaugh theorem and Democrats screwing over the American public. http://www.rushlimbaugh.com/daily/2013/03/05/understanding_the_limbaugh_theorem_obama_inflicts_pain_for_political_gain

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    • Shebel

      It is not going to crash yet. It will soon.

      Shit.

      • Clausewitz

        It started on Monday down 1000 points, but in the end leveled of at only down 500 points. The panic has started, I see about a 30% correction coming over the next week. That is a crash. Good buying opportunities if you can time the dead cat bounce.

        • mauser 98

          and your financial advisor left some cash on side as i suggested for such an dip and he gets mad at me and sends me to another advisor ..both told me to stay full in market and i am nuts.

          will wait a while for more downside (?) and give him a call

          • Clausewitz

            As of yesterday’s stupidity I was 40% in gold and silver, 25% in cash, and 25% invested in mostly Canadian Corporations. I’m 58 so I didn’t want the exposure of the markets that I knew were wildly over extended. May use the cash to pick up some bargains, but still holding on to the physical gold and silver.

          • mauser 98

            i suggested similar and he wanted to put me in a straight jacket

    • mauser 98

      QE endless.. most economic numbers cooked…lies..all 1’s and 0’s in a computer
      US now $18 trillion in debt
      unfunded liabilities 100+ trillion$

    • WalterBannon

      Quantitative Easing, aka crony capitalism, aka fascism.

  • Millie_Woods

    According to the article, the next recovery isn’t going to be as good as the last one because Trump.

    • WalterBannon

      what next recovery, still waiting for the first one to happen…

      • Millie_Woods

        Change your name to Walter Bannon Incorporated. That’s better than any stock tip you’ll get.

      • mauser 98

        yes ..am still treading water

  • moraywatson

    …fool me eight hundred and thirty six times, shame on me…

  • WalterBannon

    maybe some more “stimulus” is needed. nothing like piling on debt to fix a problem

  • JoKeR