JoeBlow Trader

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    • Wed Nov 7th 20:34 PM | Rating: 0 0
      Commented on:
      Dave Fry's Market Outlook for Wednesday
      I see this column as a vindication of what my late mother told me once... "we have never forgotten what Stalin did in the 40's and 50's, but we are forgetting very quickly what the banks did in the 10's, 20's and 30's"... this was during the last 7 years of the GOP saviour of America in the 80s and that banking/s/l crises. I think no one would disagree that a commununist dupe isn't conducive to a great democracy... but on the other hand a rabid capitalist dupe can bring down the great place pretty quickly also.
      I am from the west where there are plenty of ghost towns to testify to the places where people refused to allow any rational regulation and let exuberant hubris lead the way to no future.
      I for one know why my elders put laws in place to control banks and other institutions. I neither want to be a communist dupe or capitalist dupe... some where in the middle is free enterprise system that still is not in denial about some things in human nature.
      But then again... I have always been talked that a Democracy is a political system and capitalism an economic. They are both the best systems in the world... but to think neither need regulated is to pretend they exist in the imagination instead of the real world.
      View article »
    • Wed Nov 7th 20:34 PM | Rating: 0 0
      Commented on:
      Dave Fry's Market Outlook for Wednesday
      I see this column as a vindication of what my late mother told me once... "we have never forgotten what Stalin did in the 40's and 50's, but we are forgetting very quickly what the banks did in the 10's, 20's and 30's"... this was during the last 7 years of the GOP saviour of America in the 80s and that banking/s/l crises. I think no one would disagree that a commununist dupe isn't conducive to a great democracy... but on the other hand a rabid capitalist dupe can bring down the great place pretty quickly also.
      I am from the west where there are plenty of ghost towns to testify to the places where people refused to allow any rational regulation and let exuberant hubris lead the way to no future.
      I for one know why my elders put laws in place to control banks and other institutions. I neither want to be a communist dupe or capitalist dupe... some where in the middle is free enterprise system that still is not in denial about some things in human nature.
      But then again... I have always been talked that a Democracy is a political system and capitalism an economic. They are both the best systems in the world... but to think neither need regulated is to pretend they exist in the imagination instead of the real world.
      View article »
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