Who's the patsy

Worst Two-Day Decline Since the '87 Crash

Hey redstaterob, why don't you take your red states and just leave already. really: since your genius from alaska doesn't think we should bother with the environment either, we would be happy to just ship all our garbage and nuclear strike that nuke-ula waste up there. Either that, or have those red state hicks stop sucking all our federal dollars to pay for you and that trashy woman's excess babies. seriously, sayonara dude. let us get on with the job of fixing the mess you folks have made of OUR country.


On Nov 06 07:51 PM redstaterob wrote:

>
> The deficit is due to our ongoing war on terror. 9/11 took about
> seven years of planning....90% of which took place during Clinton's
> term. Of course, Clinton was too busy doing 'other things' in the
> Oval Office rather than going after the terrorists. And he was impeached
> for it. Two wars? Yes, fighting two wars because of 9/11....a Democratic
> debacle. Regulations on Fannie Mae and Freddie? Yeah....those regulations
> were blocked by Chris Dodd, Obama, and Barney Frank. Hey, did you
> know that Rahm Emmanuel was on the board of directors of Freddie
> Mac right after he left the Clinton White House?
>
> The Democrats are so corrupt it is incredible. We are screwed with
> this southside Chicago political hack in the White House.
>
> Get ready for a wild ride and JUST ONE TERM for this charlatan...
>
>
> just my very humble opinion
>
> On Nov 06 07:01 PM oldgoldbug wrote:

Just How Terrible Is Housing as an Asset Class? Roubini Weighs In

Home is an essential, yes, but as a home, not as an investment. It is dangerous to become emotionally attached to any investment. Sadly, this principle is forgotten when people make their home their biggest investment. Egos get caught up in "keeping up with the Jones' s" . As a result, the decision to invest in a house isn't based on sound investment principles at all, the most basic of which is surely not to put all of your eggs in one basket.
I have owned six homes in my lifetime and I have never made as much money on any of them as I have in the stock market, particularly when you adjust for risk.
Since most people sell their homes within 5 years anyway, the idea of "ownership" is a psychological illusion. Especially when it is mortgaged to the hilt (The bank owns it then; you just own a leveraged option). I sold my last home in 2003 and have rented ever since. No single asset accounts for more than 10% of my investment portfolio. And I find it is perfectly possible to feel at home in a place you have rented for years. Actually, my ideal "home" would be a hotel. An apartment in the Carlyle in New York.

Fear of Higher Taxes a Cause of Sell-off

Utter nonsense. The market has been in the tank for months. There are 3 trillion reasons more important than the possibility of a slight increase in capital gains. Budget deficits under Bush, the destruction of American influence abroad and concomitant loss of interest among foreign investors in the US market, restrictions on the inflow of immigrants who have fueled innovation here for decades, the decline in foreign students coming here to add their intellectual capital to our society, the rise in inflation because of Bush's deliberate policy of devaluing our currency, Bush's active encouragement of expanded credit (you don't have to sacrifice for my war, just go shopping)....you can go very far down a very long list before you reach the Bogeyman Obama.