Oh this is classic:
Via The Onion:
Financial Sector Thinks It’s About Ready To Ruin World Again
Read it all, but some funny (true?) snippets:
-“People are beginning to feel at ease spending money and investing in their futures again,” Blankfein continued. “That’s the perfect time to step in and do what we do best: rip the heart right out of the world’s economy.”
** See this commercial as back up:
-“On second thought, maybe we’ll wipe out the housing market again too, just for the hell of it,” Schnall quickly added. “Might as well, right?”
**The current accepted idea of a housing recovery is going to be so hilarious in a year or so I chuckle everyday.
-“Now that the public’s efforts to curtail questionable Wall Street trading practices have all but ceased, it’s time for us to bring the world to its knees again,” said AIG CEO Robert Benmosche. “There are still plenty of opaque financial derivatives, high-frequency trading operations, and off-balance sheet transactions out there, all with virtually no federal regulation. Trust me, we can definitely work with that. And if anything, we can always just lobby for further concessions and deregulation in Washington—which, by the way, is so, so easy to do—and then we can cause as much damage as we want.”
**No worries bulls, Janet Yellen is set to unleash QE Infinity TIMES Infinity come January but wowza, it's quite a way until then! Another commercial to help with the visual:
-"And while we’re at it, we’ll make sure we once again come away from this whole thing scot-free and far wealthier.”
**It's true. What really drove me away from things market and trading was that every trader/investor/money manager is responsible for the way the market works. To turn a blind eye in the awe of an uptrend is dishonest and shows where your real drive is from.
Have a good night.