Comments on: Easy Credit Decreasing the Intelligence of the Masses http://www.dailyreckoning.com.au/easy-credit/2007/10/30/ An independent perspective on the Australian and global investment markets Sun, 08 Nov 2009 03:43:55 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Coffee Addict http://www.dailyreckoning.com.au/easy-credit/2007/10/30/comment-page-1/#comment-4222 Coffee Addict Wed, 31 Oct 2007 00:32:13 +0000 http://www.dailyreckoning.com.au/easy-credit/2007/10/30/#comment-4222 Is it the business of US or other governments to protect stupid speculators and fund managers from themselves? In the case of those who predict a never ending bull equity market the answer has to be NO, NO and NO. Any further drop in US interest rates will only give the idiots a short reprieve from death row as none of them have any intention of every reforming their silly ways. Stuff them! The cost of an additional (and significant) interest rate drop could easily be a further 10% - 20% reduction in the value of the USD (against the currency basket). The collective punishment (of a further drop) would be worsen and now globalised recession. If the previous action was just to ensure the orderly operation of markets then that should have been the end of it. That the previous drop was interpreted by the bull market faithful (from the minaret of the stupid) as a call buy, buy and buy, therr predicament should not now be a policy consideration. On the issue of regulating investment advice regulation should include, but go no further than transparent and honest disclosure. Is it the business of US or other governments to protect stupid speculators and fund managers from themselves?

In the case of those who predict a never ending bull equity market the answer has to be NO, NO and NO. Any further drop in US interest rates will only give the idiots a short reprieve from death row as none of them have any intention of every reforming their silly ways. Stuff them! The cost of an additional (and significant) interest rate drop could easily be a further 10% - 20% reduction in the value of the USD (against the currency basket). The collective punishment (of a further drop) would be worsen and now globalised recession.

If the previous action was just to ensure the orderly operation of markets then that should have been the end of it. That the previous drop was interpreted by the bull market faithful (from the minaret of the stupid) as a call buy, buy and buy, therr predicament should not now be a policy consideration.

On the issue of regulating investment advice regulation should include, but go no further than transparent and honest disclosure.

]]> By: technofreak http://www.dailyreckoning.com.au/easy-credit/2007/10/30/comment-page-1/#comment-4206 technofreak Tue, 30 Oct 2007 07:48:30 +0000 http://www.dailyreckoning.com.au/easy-credit/2007/10/30/#comment-4206 I think the intelligence was already low, but, now its worse... I think the intelligence was already low, but, now its worse...

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