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jcrash
248 Comments
Why Bush Doesn't Like Cap-and-Trade
igloo.atmos.uiuc.edu/c...
that link is on your second post's site. Obviously, there is less ice. Plus, the ice you see if you pick a winter's date (like today's) is THINNER (which their picture cannot tell you, but it obvious when you realize that more ice is gone in the summer).
Why Bush Doesn't Like Cap-and-Trade
www.keepwintercool.org...
This one:
irascibleprofessor.com...
This one:
www.csmonitor.com/2004...
Christian Science Monitor No less...not exactly liberal media.
There won't be an ice cap by the end of THIS century.
Why Bush Doesn't Like Cap-and-Trade
No, he is the king of idiots.
M3 Money Supply and Inflation: Got Gold?
Inflation is not the rise in price of goods. The dollar is not the currency of the world. A large part of the price changes consists of 1) speculation and 2) scarcity. Neither has a relationship with inflation. If everyone gets $100 and there is enough food for everyone. Then you add some more people and use some food for box stuffing, some people aren't going to eat and the price of food is going to go up. So, some others are going to buy up extra food and make those that want it pay even more. That is what you see in oil and gold. All these ETFs etc specializing in commodities and short stock positions have created a whole new phenomena. The markets are fundamentally different because of it - that is part of the equation.
30 years ago we made up 65% of the worlds GDP. Today, it is 25%. So, the FED doesn't create inflation in a global sense.
That Shadowstat guy cracks me up. Look at his numbers for the 2000-2003 period...prices were not going up that much then.
Groceries and gas may have gone up, but has your house payment/rent? Cars are still about what they were 15 years ago and they last longer.
I own some gold stocks, but only enough so that I have a well balanced portfolio. When the commodities pop (which may be next week or next year), they will drop 50% in a quarter. At the same time interest rates will go up and your fixed income investments will be the place to move into.
3 Problems with the NY Times's Take on Americans Without Jobs
The Great Television Price Inflation Scam
As for the television, if you wanted a crappy old tv, there are plenty out there you could've bought. My 36" XBR cost me $2400 in 1996. Its successor, a 57" Hitachi cost me $2400 in 2002. I bought a 32" Tube in 2003 for $175 at Circuit City. And the latest addition is a 40" LCD for $1100 this last year. Now, if you are telling me that prices haven't come down, I gotta call BS. I get more for less everytime. Shoot, my latest TV has a tuner that works with a tiny little antenna to give me a perfect HD picture. Try that in 1995.
Sure, the inflation numbers are all bogus. Oil is now 4 TIMES MORE than it was when GW came into office (and yes, it is mostly his fault) - we should've had a good severe recession in 2002-2004, but instead he took us to war and started spending money like all the previous republicans who sell us a bill of goods on small government and procede to outspend the previous administrations by large margins. Guess what, when interest rates go back up, we will be in a WORLD of financial distress as our interest payments quickly mount on new debt and repos. And I'm sure the democrats will get the blame at that point. Stupid system is all screwed up, but that's what you get with entrenched powers.
But, the television is a crap example. So, the article falls flat on its face.
Cost of Rice Rises 50% in Two Weeks as Agflation Continues
Naked Shorting Comes Full Circle
Maybe then they would've understood.
Roger Wiegand: The Biggest Gold, Silver Rally in History
Stuff that made me laugh:
1) "House Prices Doubled between 2003 and 2006"
2) 10 Million Homes will be foreclosed on in the US
Please, neither of those is in any way close to realistic. I bought a home in 2002, I don't think at any time since then it was worth more than 20% more than I paid for it - not that I care, if it had doubled in value, I'd still be living here, still paying on my 30 yr 5.4% fixed rate loan.
How many homes are there in the US? I think 10 million is a bit too large of a percentage to be anywhere near realistic - there has only been one foreclosure in my neighborhood that I know of and that was because the owner got arrested for criminal activities. So, 1 in 12 or so homes overall is impossible.
Economic Report Summary: Worst Labor Report In Years
How Much Can We Blame the Uptick Rule?
BTW, they target more than just small-caps. If you don't think NVDA losing 60% of it's value in 2 months after 7 quarters of record earnings and on no news whatsoever wreaks of manipulation, I don't know what does.
Lies, Damn Lies and the Unemployment Rate
Traders Using Financial Turmoil to Manipulate Stocks
Wal-Mart: What PR Won't Fix
Wal-Mart: What PR Won't Fix
Nick - that 15% discount you get on the stock didn't help much until the last 6 months. See that HUGE downtrend on WMT stock? Expect it to continue after a few months.
My wife won't even shop at Walmart due to all the bad press and it is closer by half to our house than any other store.