$100 Dash
August 27, 2008 4:30pm by Barry Ritholtz
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
What's been said:
Discussions found on the web:Posted Under
Previous Post
50 SPX Stocks Down > 50%Next Post
Fannie Mae Shake Up
“Brad Ball, analyst at Citigroup, recommended the stock of both government-sponsored mortgage financiers. Shares in Freddie rose by 22.19 per cent and Fannie was 13.10 per cent higher in morning trade, leading stock markets higher.
Mr Ball said that both companies’ stock prices were so low that the potential rewards were “attractive” if the two companies pull through the housing crisis. He said both Fannie and Freddie’s capital positions had a substantial cushion above their regulatory minimum, and their continued access to the debt markets meant the odds of an aggressive government intervention were 1 in 10. ”
“Hey C…C?…c’mon C we got 225B to roll over and we can’t go to the equity troughs in this condition……..You know were in this shit together man….”
Should show the Government too!
Obviously the guy in back is a CEO because his wages are moving quickly in the right direction. Most of us ain’t so lucky. Standing still above the starting blocks would be more accurate for the bulk of American workers.
Nice.
I was just having this conversation on the couch last night with my roommate. She asked why inflation occurred; we shared a quart of Häagen-Dazs as I explained how new money is created. When I got to the part about the poor having no hedge against inflation, and therefore being disproportionately affected by government-created inflation–like a regressive tax–she was really upset.
I reminded her, however, that the down-and-out have at least one up on the rich: in an economic crash, they have lower suicide rates.
Here comes Gustav to slow us down more. Anyone see it’s predicted to be Cat 4 by landfall. This could get bad if it hits Louisiana again.
Nice post Annie.
I’m not one who gets sentimental when drunk but I know some do.
I think its possibly a very important point that banks, that primarily use other peoples money, don’t mind about inflation.
They very much mind deflation because while their obligations to their depositors don’t change. The people who they lent money too are having an ever harder time paying their debts back to the bank.
We all know, and can clearly see, what happens to bank stock when doubts about the banks loans being repayable emerge.
If the guy with the money puts on some real track shoes and continues the chase, he may not catch up to the other guys but, at least, he will be as slender as they are.
Simon,
Dude, Häagen-Dazs is ice cream not booze… although I guess it’s pretty analogous to what teetotallers do when they want to get wild ;)
Annie,
don’t forget to tell your roommate that the Founders, explicitly, called for our Money to be of Gold & Silver to 1) slow the creation of currency by the banks, 2) provide ‘the poor’ a built-in Inflation hedge. But, Foolish Founders, What did they know? Right?
Love the flip flops……now that is biting satire
The key question is what flavor Häagen-Dazs.
Of course according to the Fed there’s only one runner in that race because food, gas, and utility prices don’t count.