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Should you hold listening to Obama and his lies for the time being you’ve got rocks in your head. Over the past two years he has put many individuals in a false sense of safety. Many individuals need their questions answered, as he has been up on the pulpit telling everybody how good the financial system was, when this was not the case in any respect.
Now the cracks are beginning to seem, particularly with the inventory market promoting off dramatically over the previous few weeks. This week we noticed lots of stories verify and officers are going to try to cease or ban quick promoting on the inventory market. Once more the Obama Administration is placing the blame out on everybody else however themselves.
There’s a man by the identify Christopher Cox, who was the chairman of the securities and trade fee. After we did see the market crash in 2008, this man put a ban on all quick promoting. What he later confessed was fairly dramatic. He admitted that placing a ban on all quick promoting for a short while interval was one of many worst issues he did in his profession.
You might be in all probability pondering how can this be a foul factor. What you first have to know and admire is that lots of the market officers don’t perceive market dynamics and the financial system. The individuals behind the scenes actually don’t perceive how the market works. When there’s a market turmoil the blame sport begins as. That’s after they take severe motion, and solely supply quick time period options to long-term issues.
After they put a ban on quick promoting it solely alleviates the issue within the quick time period. All it truly is, is a short lived ban. It isn’t actually serving to with the long run state of affairs and the actual financial issues at hand. All it actually appears to be is political smokescreen to maintain individuals in a false sense of safety.
What these officers are failing to do is to resolve actual issues and to provide you with actual options. To try to deal with the actual causes of the issue, to get to its core and to work out easy options, easy methods that may assist us recuperate over the long run. Placing a ban on people who find themselves allowed to quick the market just isn’t actually the answer in any respect.
Consider again to Lehman Brothers when the market collapsed, the officers put a ban on quick promoting, the market stopped falling, and solely days later the market resumed its downward run. They solely fastened the issue for every week or so after which the market continued its downward run.