Well....What WOULD Jesus Invest in if he was an Average American, today?

[KoKo]

I pulled this out of DU "Stock Watch" Forum today...because I thought it was important. Just me...maybe this thread sinks like a stone but there's something here that ALL OF US might need to think about and I give credit to DU Marketeer "54anickel " for this:

The last entry on the credit bubble bulletin page....

http://www.prudentbear.com/creditbubblebulletin.asp

snip>

Question: “Can more (hedge fund) transparency be required – should it be required?”

Chairman Greenspan: “You have to remember, that the one extraordinary important issue relating to the hedge funds is they act to increase liquidity in markets. And you have to be very careful to make sure that, on the one hand, that the hedge funds are completely transparent to their investors and that the investors are acutely aware of the nature of the risks and the level of the risk they are taking. But you also have to be careful about imposing regulation on these funds to the extent that you inhibit their actions. Remember, collecting data on hedge funds may appear to give you a degree of transparency, but most of the data you get – at best – will tell you about their strategy of last night. This morning they have a new one. Consequently, the type of data which is supposedly to be collected to create a degree of transparency and knowledge about how these funds are behaving is actually history. And it’s usually quiet unusable, because it’s their very nature to be innovative, changing and never actually to anticipate necessarily what they are going to find next in the marketplace which will suggest to them some imbalance – some potential exceptionally large profit arbitrage which they haven’t even anticipated would exist 48 hours earlier. So I think the question here is to be very careful to be sure that the people we want to protect are the counterparties to the hedge funds – meaning they have to get all the information that they need. And that will protect the marketplace and all their investors.”

Question: “Are there any financial crises brewing at the moment?”

Chairman Greenspan: “Well, not really. I mean, the problem that I have is that crises that you can see are probably already behind us. You have to remember, that the vast majority of imbalances that occur in markets are addressed very quickly by prices and we never hear of them. So, it strikes me that what we have to recall is the terrific insight of Adam Smith that there is something equivalent to an ‘invisible hand’ which continuously is readdressing market imbalances towards equilibrium is indeed what we are seeing virtually everyday – in fact, every hour and every minute – in the markets in which we deal. And I would suspect that the international context – looking at the increasing degree of globalization that we see almost on a day-by-day basis – that there is something attuned an international invisible hand that seems to be at work. Markets are always by their nature driving towards equilibrium. It looks as though it’s chaos- indeed it’s that chaos which was disposed of by Adam Smith in the great insights of more than 200 years ago – which in some respects hold up with very little revision to this day. In a certain sense that so called ‘creative destruction’ in markets which is what Schumpeter defined the process as many, many years later obviously, is a continuous train which is always creating a sense of nervousness about something going wrong. In fact, it’s normal. And it strikes me that crises are very difficult to forecast. Or, let me put it another way: the numbers of forecasts of crises that one gets day-by-day, week-by-week, is far in excess of the number of crises that actually occur. This is the reason why I’ve argued previously that since we really cannot know that we are about to get a crisis until we are right up against it, economic policy-making should be heavily focused on the issue of creating and sustaining the flexibility of markets so that when we get pressures of one form or another, the markets respond in a balanced manner and essentially remove the disruptions that are causing the difficulties.”

[Sanity Claws]

1. Jesus would not invest

Jesus was poor. He would live more like Sister Theresa, where he may raise money for causes but not himself have any wealth.
Just my take on things.

[HawkerHurricane]

2. People.

He's the type who would keep only enough for himself, and give the rest away... feeding poor people, helping out the sick, that sort of thing. It's in the book.

[KoKo]

3. I think if he were alive today he would urge us to support "Environmental

Friendly" enterprises. I think he would be "petitioning the wealthy" and asking them to intervene in the world where poverty and politics are causing such horrible suffering.

I think he would be asking us to "Boycott those that don't acknowledge that all "humans" have rights in this world from Bill Gates to the lowliest peasant trying to eak out an existence anywhere in this world.

I think though...that he would be "clever enough" to engage the wealthy to support the poor.

And that's where I think the Fundie Christians, Opus Dei Catholics and Sharon Supporting Likudist Jews have let US ALL DOWN!