Bailout hindsight

#76
#76
lawgator1 said:
But besides that, droski how can any lower level management people possibly be getting a performance bonus this year? I mean, blech.
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well anyone that drives revenue will still get bonuses (traders, brokers, etc). i assumed you guys were upset about executives and the like getting bonuses.
 
#77
#77
I was in a meeting this morning with one of the top economists on the planet. Of course, one of the topics was the US economy. I am convinced that the bailout for wall street and the big 3 is necessary. But unfortunately, there are too many issues driving a global recession that will last at least 3 years. No matter what, we will be in a major rebalancing period for several years.

Buckle your seatbelts. This is going to be a rough ride.
 
#79
#79
droski said:
that means the market is going up. economists are the ultimate lagging indicators.
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That's because by definition economists explain history. Only people any good at predicting what becomes "future history" are the investors.

I get the sense that a lot of former are happy because they've got crap to study and keep them in their university posts for the next 20 years, whereas the latter are waiting for a clear bottom so they can jump back in and get the 5 year bargains.
 
#82
#82
droski said:
if they didn't do it we would have seen a colapse of the banking system. and it is a little too early to declare it a success or failure.
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Gosh Drowski. I don't know if I'd want you handling my money. If you can't spell collapse how on earth can you help prevent it. You are making the California education school system look bad.:)
Seriously though, I think Wall Street has to restore faith and confidence back in the avearge investor or it will continue to slide.I do wonder why GM is asking for money and have just recently invested 300 million in a plant in Russia. I think the way the only waythe big three gets money is start making cars that aren't oil dependent.
 
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