| Author |
Message |
Topic: Credit card companies and their customers are in trouble |
smiley
Replies: 18
Views: 1050
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Forum: Economics & Finance Posted: Wed Oct 15, 2008 4:42 pm Subject: Re: Credit card companies and their customers are in trouble |
I paid off my mortgage in 1997 and have no other debt, but lots of savings.
The definition of a loser is someone who has, or is about to, lose something.
Those who are up to their eyeballs in d ... |
Topic: Did the speculators create the oil bubble after all? |
smiley
Replies: 12
Views: 867
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Forum: Economics & Finance Posted: Wed Oct 15, 2008 4:01 pm Subject: Re: Did the speculators create the oil bubble after all? |
So when the market goes up it is speculation, when it goes down it is reality?
I'm not contending that there has been some speculation in the high prices, but I am equally convinced that there is a ... |
Topic: Paulson: Government To Invest In Thousands Of Banks |
smiley
Replies: 9
Views: 265
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Forum: Economics & Finance Posted: Tue Oct 14, 2008 3:54 pm Subject: Re: Paulson: Government To Invest In Thousands Of Banks |
this is pissing on a burning high rise.
chuckle..... Great analogy !
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http://upload.wikimedia.org/wikipedia/en/thumb/e/e8/Total_world_wealth_vs_total_wo ... |
Topic: So what's next? |
smiley
Replies: 25
Views: 804
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Forum: Economics & Finance Posted: Tue Oct 14, 2008 12:50 pm Subject: Re: So what's next? |
Wouldn't this just speed up inflation since the military is non-self liquidating?
If you find the right enemy they will take care of the liquidation part. |
Topic: LETS do business - local currencies |
smiley
Replies: 12
Views: 347
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Forum: Economics & Finance Posted: Fri Oct 10, 2008 5:01 pm Subject: Re: LETS do business - local currencies |
I prefer the sharing or gifting economy, personally.
It is definitely preferable to the stealing and looting economy  |
Topic: personal disclosure |
smiley
Replies: 6
Views: 442
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Forum: Economics & Finance Posted: Mon Sep 29, 2008 11:23 am Subject: Re: personal disclosure |
Do you mean the initial down payment on your house? Additional payments you made over and above usual mortgage payments to speed up the clearing of your mortgage?
I don't know if you have the sa ... |
Topic: personal disclosure |
smiley
Replies: 6
Views: 442
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Forum: Economics & Finance Posted: Mon Sep 29, 2008 10:13 am Subject: personal disclosure |
I have my mortgage with Fortis.
They were among the only ones who sold a thirty year fixed rate saving mortgage. Back then it seemed like a wise decision because it would mean that whatever happen ... |
Topic: Massive fuel shortages imminent? |
smiley
Replies: 36
Views: 2149
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Forum: Current Events Posted: Sat Sep 27, 2008 5:09 am Subject: Re: Massive fuel shortages imminent? |
when (not should) fuel shortages hit the US, free market is the solution, however rationing will be implemented. good God guys, is this so difficult ?
rationing --> shortage of fuel
free market - ... |
Topic: Weekly US Petroleum and NG Supply Reports (Current) |
smiley
Replies: 754
Views: 62328
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Forum: Current Events Posted: Fri Sep 26, 2008 2:08 pm Subject: Re: Weekly US Petroleum and NG Supply Reports (Current) |
Market forces may not work if the US Fed gets involved and
we may not see price spikes.
Could be. The goverments have made it pretty clear that they encourage free-markets as long as they freely ... |
Topic: Berkshire buying $5 billion of Goldman Sachs |
smiley
Replies: 20
Views: 754
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Forum: Economics & Finance Posted: Wed Sep 24, 2008 10:23 am Subject: Re: Berkshire buying $5 billion of Goldman Sachs |
There are two things which I don't understand:
1) Buffet usually buys companies, or at least a controlling stake in his companies. He doesn't like someone other than Berkshire managing his investme ... |
Topic: Could the bailout FAIL? |
smiley
Replies: 60
Views: 2552
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Forum: Economics & Finance Posted: Mon Sep 22, 2008 2:55 pm Subject: Re: Could the bailout FAIL? |
It's propagators, MS, GS, LEH, MER, BSC are forever finished.
are they?
So... Goldman Sachs and Morgan Stanley are now bank holding companies and report to the Fed, which allows the Fed to make ... |
Topic: Could the bailout FAIL? |
smiley
Replies: 60
Views: 2552
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Forum: Economics & Finance Posted: Mon Sep 22, 2008 2:32 pm Subject: Re: Could the bailout FAIL? |
has already failed before it was even set into action. Anyone notice the $20 spike in oil today.
Seems that they got squeezed pretty hard.
That money will not continue to flow to one place, it ... |
Topic: Could the bailout FAIL? |
smiley
Replies: 60
Views: 2552
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Forum: Economics & Finance Posted: Mon Sep 22, 2008 1:51 pm Subject: Re: Could the bailout FAIL? |
| And, just for the record, Gold and Oil will both resume their fall if this fails. Only by spurring the economy and increasing consumption once again can they rise. Otherwise deflation wins, So if you ... |
Topic: Could the bailout FAIL? |
smiley
Replies: 60
Views: 2552
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Forum: Economics & Finance Posted: Mon Sep 22, 2008 11:40 am Subject: Re: Could the bailout FAIL? |
How can the bailout succeed?
700 billion of bad investments is taken off the hands of the investors. These people suddenly have 700 billion to spare.
That's a frightening thought.
Here you ... |
Topic: List of US financial panics, 1819 - 1907 |
smiley
Replies: 19
Views: 1383
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Forum: Economics & Finance Posted: Sun Sep 21, 2008 1:12 pm Subject: Re: List of US financial panics, 1819 - 1907 |
Why limit here
[url=http://en.wikipedia.org/wiki/Tulip_mania]The panic of 1630 |
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