Diese Rettungspakete sind eher ein laues Lueftchen gegen die Druckwelle der berstenden Immobilienblase. Einfache Mathematik: Alllein fuer das naechstes Jahr rechnet man mit $15 Billionen (trillion) Wertberichtigungen allein im Eigenheimsektor der USA. Was koennen da $2 oder 3 Billionen an Konjunkturprogrammen schon bewirken ? Sie lindern hoechstens die Auswirkungen dieser Krise, koennen sie aber nicht umkehren. Einzig auf neue lokale Blasen kann man als Spekulant in Folge der politischen Massnahmen setzen, aber nicht auf die breitbandige Erholung eines Index.
[Blockierte Grafik: http://www.cjseymour.plus.com/finan/progno50.jpg]
1. "We will not have any more crashes in our time." - John Maynard Keynes
2. "I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future." - E. H. H. Simmons, President, New York Stock Exchange
3. "No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment...and the highest record of years of prosperity. In the foreign field there is peace, the goodwill which comes from mutual understanding." - Calvin Coolidge
4. "There may be a recession in stock prices, but not anything in the nature of a crash." - Irving Fisher
5. "Stock prices have reached what looks like a permanently high plateau..." - Irving Fisher
6. "This is the time to buy stocks." - R. W. McNeel, market analyst, "Buying of sound, seasoned issues now will not be regretted" - E. A. Pearce market letter, "Some pretty intelligent people are now buying stocks..." - R. W. McNeal, financial analyst
7. "The decline is in paper values, not in tangible goods and services..." - Stuart Chase (American economist and author), "Hysteria has now disappeared from Wall Street." - The Times of London, "The Wall Street crash doesn't mean that there will be any general or serious business depression" - Business Week, "...despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation..." - Harvard Economic Society (HES)
8. "The end of the decline of the Stock Market will probably not be long, only a few more days at most." - Irving Fisher, "Financial storm definitely passed." - Bernard Baruch, cablegram to Winston Churchill
9. "I am convinced that through these measures we have reestablished confidence." - Herbert Hoover, "[1930 will be] a splendid employment year." - U.S. Dept. of Labor, New Year's Forecast, December 1929
10. "For the immediate future, at least, the outlook (stocks) is bright." - Irving Fisher
11. "...there are indications that the severest phase of the recession is over..." - Harvard Economic Society
12. "There is nothing in the situation to be disturbed about." - Secretary of the Treasury Andrew Mellon
13. "... the outlook continues favorable..." - HES,
14. "... the outlook is favorable..." - HES
15. "While the crash only took place six months ago, I am convinced we have now passed through the worst ... That danger, too, is safely behind us." - Herbert Hoover, President of the United States", "Gentleman, you have come sixty days too late. The depression is over." - Herbert Hoover
16. "... irregular and conflicting movements of business should soon give way to a sustained recovery..." - HES
17. "... the present depression has about spent its force..." - HES
18. "We are now near the end of the declining phase of the depression." - HES
19. "Stabilization at [present] levels is clearly possible." - HES
20. "Executive Order 6102 Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates
Quelle: http://www.cjseymour.plus.com/finan/prognost.htm