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#61
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Since the American people's total consumer debt load amounts to $14 trillion dollars, a half a billion dollars spent a day in Iraq for national security, isn't worth mentioning in the grand scheme of the U.S. Economy.
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'06 E320 CDI '17 Corvette Stingray Vert |
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#62
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You're welcome. 'Predictably Irrational,' is a new release, but hits the dolts right-on. All one needs is this book to know when to buy and sell. The present table-talk of fools at the lunch counter, is how fortuitous they are for jumping into the safety of T-Bills, are too dense to understand they've missed the curve......yet again. They'll want to jump back into stocks and real estate when they're at their high-points, yet again.
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'06 E320 CDI '17 Corvette Stingray Vert Last edited by Skid Row Joe; 03-18-2008 at 05:35 PM. |
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#63
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'Predictably Irrational,' is a new release, but hits the dolts right-on.
Boy, I'll bet that hurt. |
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#64
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SRJ - Using your math, thats ~$1T in the last 6 years. A lot spend to find out there were no WMD's.
You're glossing over the fact our debt wasnt $14T when GWB took over 8 years ago also.
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Terry Allison N. Calif. & Boca Chica, Panama 09' E320 Bluetec 77k (USA) 09' Hyundai Santa Fe Diesel 48k (S.A.) |
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#65
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'06 E320 CDI '17 Corvette Stingray Vert |
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#66
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Y'all excuse me, I've got to get back to my day trading of T-Bills.
LMAO!
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'06 E320 CDI '17 Corvette Stingray Vert |
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#67
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Genius, pure genius.
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#68
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Chasing to tackle and lock-in a meager T-Bill rate, is either for those retired in their late 60s & 70s on a fixed Social Security income, or those younger, that are already retired, and or independently wealthy.
Oh yes, the Nervous Nellies locking-in T-Bills at less than a 2.0% effective annual yield, after taxes and inflation, will be right eventually.......but they may be explaining it to another person in the poor house.
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'06 E320 CDI '17 Corvette Stingray Vert |
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#69
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http://www.youtube.com/watch?v=AyGc_rlF8aA "Jim Cramer tries to dig himself out......"
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#70
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Its the stock market you can lose money, thems the breaks.
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2006 CL500 1969 280SE 2023 Ram 1500 2026 Genesis GV70 2007 Tiara 3200 |
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#71
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alright i am just going to give my opinion but i believe that the United States Financial problems could all be solved if people were not so greedy about their money. Lets start with the oil companies, they made record breaking profits when gas prices where the highest. This was because of greed. everyone needs oil so they can make it what ever price they fell. Everything goes up in price because companies fell they will buy it anyways so lets raise the price. What does this increase in costs of everything do.
It makes people poor. People now cant afford to pay there house payment because everything costs so much. if nobody has money to buy anything then the economy will suffer because nobody is buying anything. Most of the costs are hidden, ever notice the box of cereal that you buy at your market, have you noticed a difference over the last 20 years like the box getting smaller and the price gradually going up. Companies are getting greedy and wages are not keeping up with it. But wages alone will not help the economy they will just make the dollar worth less. the only way that we are going to be able to get out of this recession is if American companies step up and realize do we need to pay our CEO 50 million dollars a year. we need lower costs in order to aid the ending of the recession. And i have another idea instead of america supporting other countries that have poor starving people why dont you stop, or at least help your own people. i love how we can send millions upon millions of dollars of aid to other countries when right in your own backyard you need it more. i know that we are not a socialistic country but supporting other countries with my tax money is not what I signed up for. Also Congress needs to look into cutting certain programs. Just remember how does one get in trouble with credit spending money that they dont have. how can we continue to go on with programs that are not 100% necessary right now. |
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#72
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Well now “Skid” let’s not be shy. I want to hear some touts – not just generalizations. I’ll defiantly have to get that book if it tells me everything I need to know. I’d bet it’s a replay of an old classic “Extraordinary Popular Delusions and the Madness of Crowds”. I always seem to get out to early and then have to sit and watch stuff keep going, but you never have to do it all at once. Now’s just not the time to be jumping in with both feet. Might stick your toe into a little BAC or USB with the great yields they’ve got, but there is still a huge issue that needs to be resolved. ETF’s Many of these commodity based ETF’s have taken down (and out of the supply side) more metals, grains and oil than can be found. Without the pressure of leverage, swings in these underlying markets will become extraordinary, and become the next unplanned for rout of equity. Long rates are going to be much higher in a few years, and it’s not a mistake to wait by sitting in short rates, even though they are yielding less than the rate of inflation. 30 day bank CD’s can still be rolled for near 3% It’s 1974 all over again.
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89 300E 79 240D 72 Westy 63 Bug sunroof 85 Jeep CJ7 86 Chevy 6.2l diesel PU "The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." Marcus Aurelius Last edited by crash9; 03-19-2008 at 02:44 PM. |
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#73
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When the herd here is breaking their necks running around buying T-Bills with a 2% or less effective annual net yield, you know it's a good time to buy stocks. Herd members typically have a 12-24 hour attention span. Being whipsawed by the market, by being in the right place at the wrong time is the usual hallmark. They already missed two, 2%+ days in the market, even if indexing the S&P 500. Hilarious, I know. ![]() It would be hard to pick and trade almost ANY stock that would not yield above 2%, several times during the next 12 months.
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'06 E320 CDI '17 Corvette Stingray Vert Last edited by Skid Row Joe; 03-21-2008 at 02:17 AM. |
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#74
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Crash correct me if I'm wrong but you are a commodities trader/broker right?
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#75
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Yes
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89 300E 79 240D 72 Westy 63 Bug sunroof 85 Jeep CJ7 86 Chevy 6.2l diesel PU "The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." Marcus Aurelius |
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