Posted on 08/17/2009 9:21:17 PM PDT by parsifal
Don’t blame global stock markets for being skittish. It is August, after all, a month that has spelled trouble in the past two years.
Recall that, a year ago, Fannie Mae and Freddie Mac started wobbling at the precipice while AIG, desperate for cash, began paying junk-like yields in the corporate bond market. A month later, all hell broke loose.
In August 2007, a shutdown in short-term lending markets forced global policy makers to rush in with a flood of liquidity to keep the lifeblood of the financial system from clotting.
So it’s only natural that, this year, sellers are trigger-happy at the slightest whiff of trouble.
(Excerpt) Read more at blogs.reuters.com ...
If you can find ‘wartime nickles’, those may be worth a bit more. mid-1942 to 1945)56% Copper 35% Silver 9% Manganese
Maybe we need a freeper commune? Something like Galt’s Gulch for the indigent.
pasy, who is blueskying
Nah. They'll be selling them in the coin shops by the pound as they're presently doing with old silver dimes and quarters.
That’s what I’m talking about.
parsy, who enjoys this kind of stuff
parcy, you have been a very sly freeper for all these years. :)
social, who does not speak in the third person referring to himself. ( and annoying at that) :)
be clam
http://www.bizjournals.com/albany/stories/2009/08/10/daily45.html
Walmart beats earnings (I don’t like it, but there it is)
http://freerepublic.com/focus/f-news/2317673/posts
(if you don’t like clams...)
Know anyone that wants to buy GM (Original, pre nationalized, Your Father’s Oldsmobile) stock? Might be a collectors item?
No mention also of the fact consumer spending is still slowing and without our meoney going into the economy (almost 70% of the economy is made up of consumer spending)nothing will happen to turn this thing around.
Hell's Eternal Bells, man- that's how I feel every morning I wake up alive...
I make no claims of being a savant or prognosticator, but with the fascists we have "ruling" us now and their hostility to profits, property, liberty and everything else, I don't see much good in the foreseeable future for businesses- or investments.
Deflation is still a big issue. There’s much less demand for non-precious metal commodities and fewer jobs to go around. People are willing to work for less money and are making sure that each dollar they earn does more for them than before. That’s why inflation isn’t an issue right now. Massive supply of commodities but plunging demand for them.
Now your talking my language
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