Dr.Jackpot

Is It Time to Buy Gold?

In my 78 years I've heard of gold for safety. But I've yet to meet anyone who ever bought anything with it.

$25 Oil Could Happen Before a Return to $100

The first statement that oil is "expensive to store" shows lack of reality.
Oil has been stored in the earth for millions of years. And that's where it can remain stored until needed. Think about it.

The Deteriorating Real Economy's Financial Indicators

If retail is so weak why was a man killed due to a stampede into a Walmart store at 5 a.m.? EVERY YEAR, retailers snivel and whine before Christmas to plead for charity from the stupid public only to brag in February about how much they sold their garbage for. Every year traditional stooges send this garbage to friends and relatives to avoid appearing cheap and guilty. What a bunch of smucks we are. The "I can get it for you wholesale" crowd remains in control..

Deflation Fears Hearken Back to a Simpler Time of Sound Money

It won't happen (deflation). I would welcome deflation because I've saved only to see my spending power eroded by inflation. Deflation would return a bit of the my savings but one overpowering factor is against it. The federal reserve and cronies live off of one factor--------inflatio... Without inflation (unearned money) the powers that be will collapse because they don't live off of earnings. Life is not fair and they have the guns. So it won't happen in the long run. In the short run it may appear so but there really are no bargains. When I see a $1.39 Hershey bar selling for 5 cents again I will believe it.

Three Stocks Selling Below Cash With Little Debt

You said Health Net (HNT) had a PE of 5 but when I went to the data list it showed a PE over 27 !!!! and evidently no dividend.

Please, Just Don't Call Greenspan or Bernanke Masterminds

I'm the same age as Greenspan. I thought a lot about it. Actually, they are masterminds. They were able to steal my life savings and do it legally. My interest on savings has gone from something I could live on down to nothing. This allowed government to borrow for nothing------meaning they could spend more and more. It also moved purchasing power from me (who earned it) over to younger spenders who haven't earned it. Taken as a whole this was (and still is) the greatest robbery of all time-----and legal. Nobody cared because the majority in the financial world were reaping the thieving profits. Greenspan was their hero.

Gold: The Next Reserve Currency Player

This article is too simplistic. The idea is that when oil is depleted, they will have all the gold. So what? What can you do with it then with no energy to live off? It's like living on a desert island with piles of gold but no food and no way to get off. The only answer is another energy source or a drastic reduction in world population. I give both about a 50/50 chance. Never underestimate mother nature. She will find a way to heal her wounds.

U.S. Stocks Look Like They're Still Headed Lower

80% of recent selling has been for tax loss reasons. This is ending now and typically at the beginning of Dec repurchasing starts so that certain holdings can be shown at year end by funds. Stocks will mostly rise or at least stay flat for the rest of this year. If you bought during the frenzy of tax loss selling you just made a bundle if you hold into January.

Here Comes a Consumer Killer

It's simple really. After winning world war 2 America sat back on its ass watching tv and made the losers do the toil. Free goodies from Japan, Korea, Europe and China cut off all incentive (or need) to actually produce here. But the bank account has been spent and a whole new generation will have to learn how to assemble toasters, washing machines and bedsheets or starve. My God! How will these spoiled sissies survive?

Pre-packaged Bankruptcy Is GM's Only Option - Barron's

Here's the math I just did on my H/P calculator. In 1940 my father bought the biggest Ford sedan new for $900. I'm just guessing today's cost at $40,000 what with sales tax, registration and all the mandated ripoffs. Divide 40,000 by 900 and you get an increase of 44.4 times the 1940 cost. Now take the 68th 'root' of 44.4 and this will give you the average annual compounded increase in cost for the 68 years. This works out to 5.736% per year compounded. So you can figure that no matter WHAT the government says-------inflation is going to be 6% compounded (or more) for the rest of your life and beyond.

No Real Estate Bubble in Central U.S.

The media made the boom and the media broke the boom.
"Ladies and gentlemen, the winner is-----THE MEDIA !!!"

An iPhone With Satellite Radio - Gasp! Really?

why do i need any of this garbage?

Service-Based Economy Is Progress? Show Me the Money

How does this work? I rub your back for $40 and hour and then you comb my hair for $40 an hour. Wow! Then we both go down to Circuit City and buy a new TV made in China. Oops!----I forgot---Circuit City just filed bankruptcy. Can the rest be far away??

General Electric: Genuine Risk of Collapse?

I bought a GE dryer in a thrift store over 22 years ago for $10. It still works.

Bailouts Don't Solve Underlying Problem

The whole problem is rooted in physics. "Energy seeks a lower level".
This is why people are lazy and transform this into greed. To get out of life's pain. It's a downhill run from the start. God learned how to make energy seek a 'higher' level for a split second and the universe was born.
After that, everything is in a constant state of decay. In time, you will rot and your diamonds will turn to dust. No get out that physics book and solve this problem!!