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Ok, I know it looks dark out there, but to me Jason Calacanis is basically like Jim Cramer - it pays to bet against him. In my opinion the huge amount of stimul

by ojbyrne 18y ago

Ok, I know it looks dark out there, but to me Jason Calacanis is basically like Jim Cramer - it pays to bet against him. In my opinion the huge amount of stimulus out there just takes time to filter down to recreate optimism. Governments are under pressure to take action NOW, but anything they do is going to take 6-12 months to take effect, so they keep piling it on. So they take action after action, until BOOM another bubble. Those who have jobs are paying half what they did 6 months ago for gas, plus we're looking at 1% interest rates, copious availability of government credit. Plus I think world wide, there'll be a celebration next week (Bush is Gone!). It might be restrained, but I think it'll happen. I, for one, plan to buy a new Canon 5d ($3k) at the end of November. Even if my job evaporates. Especially if my job evaporates. Plus that whole Digg to 50 m uniques? Trust me, not going to happen. At least not without new leadership.

spif 18y ago
The celebration of Bush being gone will only happen if McCain doesn't win. I'm from Europe (Netherlands) and I sure hope it won't happen but I don't trust the polls one bit.
- ojbyrne 18y ago
  There's that whole "hope" theme. And lots and lots of people voted early, in the midst of this awful financial mess. They're immune from last minute turnarounds.
spazmaster 18y ago
I think you're overestimating the short-term impact the election will have.
- ojbyrne 18y ago
  I'm worried about the result, and I do think it will only be short-term, but I don't think I'm overestimating the impact. 8 years of security theatre, either you're with the terrorists or you're against us, taking money from the poor to give to the rich, overblown right wing ideology, all perceived overnight as evaporated. It's not the final reality of a democratic president (which will almost certainly be mixed), but the perception of newfound freedom for a day or two. Its going to be huge.

by ojbyrne 18y ago

spif 18y ago

The celebration of Bush being gone will only happen if McCain doesn't win. I'm from Europe (Netherlands) and I sure hope it won't happen but I don't trust the polls one bit.

ojbyrne 18y ago
There's that whole "hope" theme. And lots and lots of people voted early, in the midst of this awful financial mess. They're immune from last minute turnarounds.

spazmaster 18y ago

I think you're overestimating the short-term impact the election will have.

ojbyrne 18y ago
I'm worried about the result, and I do think it will only be short-term, but I don't think I'm overestimating the impact. 8 years of security theatre, either you're with the terrorists or you're against us, taking money from the poor to give to the rich, overblown right wing ideology, all perceived overnight as evaporated. It's not the final reality of a democratic president (which will almost certainly be mixed), but the perception of newfound freedom for a day or two. Its going to be huge.