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Bullshit. The put isn’t dead at all. Anyone given it some thought that the Fed may not actually be as worried about economic death as it was back in 09 and therefore thinks this could be at this stage a traditional sort of recession?
The Fed will only act if Europe gets into further trouble.
anger. the anger of the populace has been focused on the fed.
that will probably cause a delay in further action, but… bernanke really wants a happy ending, and he’s smart. so I have hope.
the put DOES help the economy. Today, in my time following it, the market is not a “leading indicator” of the economy, it is a reactionary follower. And crashes like this DO INCREASE THE CHANCE OF RECESSION.
Don’t believe me? My last 3 girlfriends were a lawyer, a computer programmer, and a magazine girl. ALL 3 HAVE 401KS AND ALL 3 CALLED ME DURING SELLOFFS TO ASK WHAT TO DO, BECAUSE WATCHING THEIR ACCOUNTS DROP, WHICH WERE PROBABLY 1/3 OF THEIR ANNUAL INCOME OR SOME BULLSHIT AMOUNT, SUCKED FOR THEM.
The PPT, if it actually existed, which it obviously doesn’t, could have prevented or massively mitigated the great recession. Think about it. Some clandestine gov’t agency with zero risk unlimited ability to buy ETFs (or bonds, whatever) would have saved lehman. Lehman was killed by a bear raid.
Where are we then?
the PPT was an executive order created by Reagan…the Bilderbergs exist too:
http://www.globalresearch.ca/index.php?context=va&aid=26054
i realize that the executive order exists
I observe that the PPT itself apparently does not. Why were we down 6.66% Aug 8th? Why did we fall 60% to the march 2009 bottoms? If the PPT existed and was empowered, it could have a fantastic effect. I simply state that I don’t think it is because of the wild crashes we have.
The anger shown at the Fed is by mainstreeters that watch a you tuber belting a pinata image of BenB and swearing at him/it for creating too much money and causing a recession with too much money… or some illiterate bullshit like that.
@checklist,
read the article…tug of war….shake you out buy your fear….rally you out short your greed…