Posted on 01/21/2008 7:12:51 PM PST by B-Chan
my retirement funds are a differant matter, but the everyday universe is OKAY...
Just so you know I’m not hitting abuse but this thread ain’t gonna’ last...
HOw about drilling on our own land where we KNOW billions of BBLs in proven reserves lie? ANWR, the Beaufirt and Chuchki Sea, off the coast of California, and in large parts of the Gulf which are presetnly off limits. Also, how about actually building neuclear plants, a technology we invented and is now being developed on a massive scale overseas, mostly supplied by our buddies the French and Japanese. On that note, how about investing in clean coal since we have 1000 years+ supply of coal?”
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Well, what’s the answer? Why haven’t we? Spell it out for this simple one.
I agree. I have always said the President tomorrow can bring an end to the high oil prices and instability by doing two things.
1) Declare by executive order an energy emergency. Drill ANWAR and bring that oil to market within 12 months. It will be a massive undertaking, but can be done. It can be a joint gov-private venture. Details can be worked out.
2)At the same time, launch a Manhattan Project to develop a workable new energy source that can be incorporated into existing infrastructure within" X" period. One of the aspects of the new energy source is that it can be used with existing vehicles with minor and inexpensive upgrades.
Why would he do that? He’s from an oil money family, his clan and the Saudis gel nicely. He has no problem with oil companies making a fortune.
Why not?
“save the economy by pumping money into green collar jobs”
I damn near fell out of my chair laughing when she said that...
That guy doesn’t like us negative nancy types. Although I wonder where Hydroshock is and what he is doing right now. Admins can’t hide the news anymore than Thompson can pull ahead and get the nomination.
Here, Here..
Not true. I actually agree with you negative nancys. I just don’t think the language in the article will survive the moderators.
Look, I lost 40 grand in my retirement savings just over the past few weeks. It will go up again. People say, oh you should get your money out of stocks. Well if the country crumbles like it did in 29’ it doesn’t matter WHERE you have your money (unless it’s under your mattress). In fact, that is where my grandmother kept hers. She lived through the first depression and is probably smarter than all of us.
This looks bad and tomorrow may tell us more about where the economy is headed.
Another reason for Fred Thompson.
If the economy crumbles like 29, it really, really matters where you have your money. Insured accounts are a good bet.
GARRRRRGGHHHHH
The expression is "Hear, hear" meaning "listen, everyone!" not "here, here", which means nothing and makes no sense.
Sorry. Pet peeve.
Oh haha well Ambac is about to be a new five letter word.
I’m lucky ( I think? ) I’m very young with no real market position or anything. Have a few K in an IRA with M.Lynch they just had a nice big 20+ billion dollar write down. I think the Admins are all out drinking like the rest of us because tomorrow we all face the music.
I don’t really know how this happened. It seems everyone had the same bright idea to play the markets and assumed no one else would hire the same quants to make the same models to do the same thing. Now there is gonna be a lot of runs to get rid of (former)AAA paper ... can’t help but notice who just started a new bond outfit. Warren Buffet! Ok Admins might shut us down for getting tinfoil hat if I’m not careful.
I got out of the market several months ago and sank our money into home improvements. Since we live in a modestly-priced, modestly-sized house with a fixed-rate mortgage, I am confident that my investment is safe. Later, when the economy recovers, I can sell the house and recoup my equity, or just continue to live in it.
No, quite literally, it means “here, here”. Meaning in the carnival parlance, “right here, right now”. :)
Ok anyone wanna take a guess at what Helicopter Ben is gonna pull tomorrow? I’m thinking announcement of nothing more then 1/2 point cut this week followed by a quarter later in the month.
I predict a Federal buy-in to keep Wall Street from soiling itself. The Plunge Protection Team is warming up the money presses even as we speak.
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