raising4daughters

Weekly Recap: Is the U.S. Going Bankrupt?

There were a lot of other red flags during the campaign that BHO doesn't have a clue. He's a thinly-veneered, no talent affirmative-action hire. Hopefully we'll learn from this experiment.

Full disclosure: Not a Beck/Rush follower. W was the worst or 2nd worst president in my lifetime, but BHO appears to be a contender.


On Nov 13 02:42 PM Uffda wrote:


> An economic jobs conference is only a flag that he has no clue what
> to do. Scary.

2009 Economy Outlook - Severe Recession, But Not a Depression

Translation: We might go down further or we might not. Thanks.


> I don't believe we shall follow Japan's footsteps, or repeat 1929,
> or collapse economically, but that does not mean we shall have a
> sustained bull market either.

Bernanke's Great Lie: The Gold Standard and the Great Depression

Good catch on the fallacy of the 20-20 test. $20 invested in dollars since 1900 would be worth a whole lot more than $20. At 4% compounded annually, the $20 doubles 6 times to $1,280 which buys a darn nice suit today. Even with taxes, it's still worth an ounce of gold today.

On Dec 26 09:26 PM Allah wrote:

> That's a dumb argument - a long term investment in the dollar would
> be buying treasury bills not holding a 20 dollar bill. Investing
> $20 in t bills for 108 years would yield enough to buy a suit as
> well. The gold piece might buy a suit now but that's only because
> gold is in one of its infrequent price spikes, wait a few years for
> gold to revert to it's regression line and you'll have shop in Walmart
> to buy anything with the gold piece.

Six Situations to Monitor for the Remainder of 2008

It's pretty clear that the 2 Bushes have done more damage to this country's financial system that 19 Arab hijackers. I voted for McCain in the 2000 Republican primary, and I don't think McCain will be W's 3rd term. That said, he's running an uphill battle having to follow an animal act like W.