Posted on 08/21/2010 9:26:33 PM PDT by blam
Snips: The legendary investor's Soros Fund Management which has approximately $25bn (£16bn) under management reduced its equity investments by 42pc to $5.1bn by the end of June, down from $8.8bn at the end of March.
Gone are Soros's investments in Petrobras, Brazil's oil giant, with investments in bellwether stocks such as Wal-Mart, JP Morgan Chase and Pfizer drastically reduced, cut by 99pc, 97pc and 95pc respectively.
People rushing into bond funds will be in for a nasty suprise if interest rates go up. I would not be to keen on stock funds either.
If you are buying equities - look outside the USA. Look to conuntries where they do not elect muslims and where the populace support the Imam by watching TV including Fox/Saudia which is not really any better.
ALL of TV supports the Imam.
I’m thinking that a good investment is a warehouse full of non perishable goods that would be in high demand in the event of a calamity.
Alcohol & Tobacco (desirable goods for barter)
Toilet paper
canned goods
rice and flour
first aid supplies
Rule of thumb: Make a list of those things that you would miss the most if you suddenly could buy nothing for 2 months. You can bet everyone else will be missing them, also.
Include enough weapons and ammunition to protect these goods.
Very good list and advice.
Who would be stupid enough to increase their exposure to 0bamanomics?
Flee U.S. investments until we win in November, and repeal everything.
... coffee and sugar at the top, for barter.
Yikes, where does a freeper go next? I’m thinking palladium, platinum and gold, but today’ Wall Street Journal article suggested that Palladium was too thinly traded.
Wild Trading in Metals Puts Fund Manager in Cross Hairs - WSJ.comAug 20, 2010 ... Order a reprint of this article now; The Wall Street Journal ... Christopher Pia was the quintessential hedge-fund success story: a hard-charger ... Mr. Pia improperly tried to push up prices of platinum and palladium, ...
http://www.topics.wsj.com/article/SB20001424052748704289504575312452485699806.html - Cached
That panic is spreading even on that level. I've never seen these folks sound so negative and high key. It's spooky...
Glad the "Redoubt" is near completion. That wild ride we've been expecting draws ever so near...
To what level are you referring?
Why, hope and change, ya silly!
It seems to me that Wal-Mart would be a good investment in tough economic times.(?)
Spend it while it's still worth something? (Or, before it's rolled into a social security program?)
I'm looking for something like, (401K moved by legislative fiat), this to be pushed by the lameduck Congress as their last ditch poke in the American eye for killing any chance for completion of the Obama socialist agenda and tossing their asses out.
That will cause an second American revolution.
Everything they sell, practically, is made in China. And China will soon collapse economically and is seriously gearing up for war.
If cheap crappy imports from China aren’t as available plus may become more expensive (gas prices, plus a host of scenarios), what will they sell cheaply? Manufacturing is going to have to return to the US but it won’t happen overnight.
Probably not in my life time. I'm 66.
It’s going to have to pretty soon or people will be making their own shoes, clothes, cooking pots etc.
China’s on it’s way out/down/going to war.
I’m not much younger than you.
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