Posted on 02/29/2008 3:21:52 PM PST by TigerLikesRooster
Say goodbye to the yen carry trade and hello to the dollar carry trade.
I blame .gov
and propagandists who claim the elephant that’s in the room isn’t there.
Oh but the next rate cut to 1.0% will kiss and make it all better. I mean, the current borrowing rate of 3.0% is just so punitive. /sarc
Fine. Meanwhile, the rest of us will clean up. Good luck with those wise investments!
Sorry, but your snake oil selling ain’t working.
This market isn't for you. Get out and get out NOW! Sell everything. You just can't hack it. You simply don't have the nads. Pick something you can rely on - like BINGO. Again, good luck.
On the corporate side, he commented that the so-called housing bubble has resulted in a “credit crunch” that is having a significant impact on the national economy that is now affecting insurance companies.
“If you look at the domino effects of that, I think that’s going to be severe,” Studdert said.
He also said the nation’s ever-growing indebtedness to China is a disastrous situation waiting to happen unless its government is able to develop policies to help the country become more self-reliant.
Among the biggest threats to the U.S. is China’s exponential growth that he said has put that country in a position to replace America as the world’s foremost economic and industrial power. He stated that our “friends” in the Middle East are also of concern.
“Saudi Arabia has the potential to cause us an overnight economic calamity because our economy is literally dependent upon their supply of oil to us,” he said.
http://deseretnews.com/article/1,5143,695256995,00.html
I was thinking more on the lines of my local Native American Casino......or the lottery.......
I wish I had invested in negative opinions - like yours. I would've made a MINT!
On the other hand, I can continue investing in what works and make a MINT!
Roll them dice...
Sorry......no sale. Keep your used car.
Glenn Beck: Don’t follow herd on the economy
....following the herd is fine until they all run off the side of a cliff together.
Less than a year ago, a recession was the last thing on anyone’s mind. In fact, over the summer, as I was questioning the conventional wisdom, I read an article on my television show that quoted a financial expert as saying, “It is the strongest global market that we’ve seen in the history of measuring these things.”
That’s when I realized how fast the herd was approaching the cliff....
http://www.cnn.com/2008/US/02/28/beck.commentary/index.html
Great post. Then again, I like Glenn Beck anyway and think he has reasonable opinions.
It has been frustrating. Back in October I was almost screaming at the TV about the certain coming downturn in the economy due to the subprime mess and liquidity crisis. All the while — October, November, December — I had to endure reports that subprime was contained, the global economy would keep the USA out of recession, odds of recession were low, the banks were healty, housing was not in terrible shape — and worst of all — the consumer will continue their shopping binge no matter what happens.
Just infuriating.
Time for a quick lesson. The market isn't the economy. Lesson over.
Quick quiz - this is a 50/50 shot - is the market the economy? If you answered "YES", you have failed miserably. You don't deserve to be in this market. In fact, the faster you get out, the quicker your bitchin' will stop. Please, stop the bitchin'.
You have utterly failed to convince me that the elephant isn’t in the room.
And you will utterly continue to fail to sell me your used cars, or to purchase any snake oil.
: )
What is your definition of a 'USA recession'?
More than infuriating, actually, as they were all lies, and they knew they were telling lies then as now. It's disgusting, isn't it?
I can't emphasis enough - this market isn't for you. You have no idea how to invest. That is not my problem.
Sorry....you’re whining and crying still hasn’t convinced me that the elephant isn’t in the room, to buy from you a used car, or that snake oil.
And neither has the likes of Bush’s disclaimers, or Bernanke’s, or their cronies....as you do, they sound like the “utter geniuses” who made almost identical statements prior to the Great Crash.
You need to get out - and get out NOW! Otherwise, your paranoia will get the best of you. The rest of us will do just fine despite your dire predictions.
Thanks, but I think I’ll heed the advice of some others for whom I have respect.
But carry on!
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