Banning Derivatives and Other Such Foolishness [View article]
right on! as simply and clearly stated as possible.
On Nov 16 01:37 PM William Legrand wrote:
> Unregulated derivatives are one half of the problem. Unregulated > and ridiculously-high leverage multiples are the other half. It's > a system where risk can be (or seems) relatively low for some but > is nearly without bound for many. Bad things always happen at the > most inopportune times. When bad things happen in today's derivatives > market, everyone loses. It's the ultimate house of cards.
saving today is paying off yesterdays debt. why would anyone want to store money for the future that the rats are eating dayly? the key to spending and saving is finding something worthwhile to buy now or in the future.
Wonder what would happen if we all just took a market holiday until the present and future hysteria died out, and no one really cared about paper assets and non essential items. food ,shelter,clothing, safety =the essentials
Truely a wealth destroying, no holds barred bear market. will end when the last seller has sold. and that means the bottom pickers will have had thier bottoms picked clean. me included probably.
GM Plan to Stay Viable: Cut, Cut, Cut and Count on the Volt [View article]
Driving a 91honda civic with230k miles. Wifes car is 96 honda with140k miles. Hell will freeze over before I run out of cheap reliable used cars to buy. if there are banks that dont deserve to survive there are car companies that dont either. too bad, gm makes a great diesel truck and has made great small trucks and other models in the past. bad management cost everyone. get the guillotine and lets pare back.
> "Debt as a percentage of GDP ended up at %120 in 1946, which is about > where we'll be when the bailout is complete. > > The world in 1946 looked shaky, but things turned out fine, as it > happened. " > > Yeah? We made stuff to sell to the rest of the world in 1946. What > do we sell them now?
America: Is This the End of an Era? [View article]
our weakness is that we mistake the wealth that came our way from being the last and strongest man standing after ww2 as our rightful "destiny". our strength comes from being able to assemble teams of multi cultural, ethnic,religious, members and have them work together solving problems. bigotry,xenephobia,and our "masterrace of the universe" worldview work against our greatest global strength. we also could use a little more dust bowl work ethic in our under 30 generation, but that will come.
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Latest | Highest ratedBanning Derivatives and Other Such Foolishness [View article]
On Nov 16 01:37 PM William Legrand wrote:
> Unregulated derivatives are one half of the problem. Unregulated
> and ridiculously-high leverage multiples are the other half. It's
> a system where risk can be (or seems) relatively low for some but
> is nearly without bound for many. Bad things always happen at the
> most inopportune times. When bad things happen in today's derivatives
> market, everyone loses. It's the ultimate house of cards.
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GM Plan to Stay Viable: Cut, Cut, Cut and Count on the Volt [View article]
Make It or Break It Week for Gold [View article]
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On Jan 20 05:27 PM JohnAl wrote:
> "Debt as a percentage of GDP ended up at %120 in 1946, which is about
> where we'll be when the bailout is complete.
>
> The world in 1946 looked shaky, but things turned out fine, as it
> happened. "
>
> Yeah? We made stuff to sell to the rest of the world in 1946. What
> do we sell them now?
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