Posted on 03/09/2008 2:43:35 PM PDT by fweingart
ARROYO GRANDE, Calif. (MarketWatch) -- The buck stops here: This is Bush's recession, his legacy.
It could be a chapter in a future edition of Jacob Weisberg's "The Bush Tragedy," with new comparisons to "Henry V" and other great Shakespearean tragedies. In a few sentences, the opening lines could highlight why this is now Bush's recession, and his alone.
(Excerpt) Read more at marketwatch.com ...
Actually, it’s not such a bad deal. Eggs keep for a long time if kept cool. Stocking up now at $2.80/doz. could prove to be farsighted a year from now when eggs at $5.00/doz. Also, since eggs are high in protein, they represent a cheaper source of protein than does meat.
My neighbor and I are building a henhouse right now. Make of that what you will.
You are precisely correct. Kudos.
Man, it’s nice to read a post written by somebody who knows what they are talking about. Thank you for the refreshing dose of economic common sense.
A period of general economic decline; specifically, a decline in GDP for two or more consecutive quarters.
Greenspan, not Bush.
Bush should have bitch-slapped Greenspan along with a lot of others.
A+
I blame Bush for the bio-fuel fiasco and subsequent ag prices mess. I blame all the idiots in the FedGov for the housing market mess. My understanding is that all branches of the gov and all parties pushed easy loans to expand home ownership to “non-traditional” (and flimsy credit) areas of society.
When in doubt, blame this formula: FedGov + Good Intentions.
RE your #164: excellent points.
With my portfolio ,cash situation and real property, coupled with zero debt, you should be such a lucky capitalist.
Of course they do.
And America needs larger, even more intrusive government to help the sheep find their way into the pen.
I don't approve of everything Bush has done, but give us a break......
We're not easily fooled.
Kyoto-Gorebal warming nonsense. Ethanol to fuel our autos. Illegals sucking up capital resources aided by inaction on the part of our goobermint. The dollar falling quicker than Billy Goat's zipper. The worthless Congress poised to bail out the fools who loaned and those that borrowed to buy showcase homes. Two Marxists ready to take over the executive branch.
Everything's just fine.
Pretty simple. For example: What's 9 per cent of $1 million? 90,000. What's 9 per cent of $1 billion? 90 million.
Their rate of profit remains the same, but what they're selling is dramatically more expensive now than it was years ago. Their profit jumps the same, but the rate of profit is the same.
Conversely, in my base example of a million dollars in sales, they theoretically paid $910,000 (thousand) for that oil. In the billion dollar example, they paid $910 million.
Same rate, just bigger volumes of dollars, determined by OPEC.
The 9 % profit, (as stated is lower than other industries) doesn't go higher or they lose in a competitive market. They've determined 9 % is what they need to operate and invest and explore for the future.
“Actually, it’s not such a bad deal. Eggs keep for a long time if kept cool. Stocking up now at $2.80/doz. could prove to be farsighted a year from now when eggs at $5.00/doz. Also, since eggs are high in protein, they represent a cheaper source of protein than does meat.”
“I like eggs.”......Leon Spinks
The first thing you learn about conservatives is they are optimist. Liberals are pessimist. I would say 90% of the post here are pessimist in nature. I just saying.
Pessimism is easy; there are no books for sale on "The Power of Negative Thinking" because anyone can do it. It takes effort to see good and to understand that wealth can, should, and will be created.
This not only explains why optimistic people are rich and conservative, but also why negative people are lazy and broke.
Better hurry and liquidate your portfolio before it's too late!
Cash (regardless of the dwindling value of the buck) is king!
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