Quote:
Originally Posted by George W. Bush
We need to keep the ability to short sell.
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I was never arguing otherwise. Short selling simply needs to be controlled so that it can't be practiced recklessly. Without the uptick rule, large firms can singlehandedly bankrupt a smaller company just by flooding it with short orders. Uncontrolled power like that isn't helpful for the economy.
Quote:
Originally Posted by George W. Bush
Markets will start to trade in the Euro. The world is fucked and the US government is paying for it, which means the taxpayers are paying for it. I honestly believe this is the beginning of the end of America's end of it's era of dominance.
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I'm calling an overreaction here. The U.S. deficit as a percentage of the GDP is actually
lower than it was during the late Bush/early Clinton years. People are overreacting. I'm buying LUB, SKS, VCBI, and CAKE right now. Pessimism bubble/short-squeeze for the win!!