[FoRK] In the face of record profits and disaster

Jim Whitehead ejw
Wed Aug 31 18:39:33 PDT 2005


There is also the tens of billions of dollars coming from the  
insurance companies. Should be good for soaking up some excess  
liquidity as insurance cos sell bonds to cover losses.

- Jim


On Aug 31, 2005, at 3:47 PM, Adam L Beberg wrote:

> Lorin Rivers wrote on 8/31/2005 3:21 PM:
>
>> I'm sure the oil companies will listen when Our President DEMANDS  
>> they
>> not profiteer and jack gas prices up.
>> Oh wait, I must be thinking of the president *I* voted for...
>>
>
> Are you kidding? Do you realize how much MONEY will be made  
> rebuilding all this stuff? Stocks went nuts today, in the up  
> direction, as tens of billions of dollars will be sucked out of  
> taxpayers pockets and put into the companies that rebuild stuff.  
> Not to mention all the consumer goods that are now destroyed or  
> looted, 65" TVs, iPods, toasters, matresses, tables, even silverware.
>
> GPD growth for the 4th quarter will be great. If anything, this  
> "disaster" has saved the economy. The economy lives to take out  
> interest-only loans for one more day/week/quarter.
>
> -- 
> Adam L. Beberg
> http://www.mithral.com/~beberg/
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