Cellman49

Buffett's Biography: Is Goldman Sachs the New Salomon Brothers?

People are changing their behaviour. The market has not priced in this long-term trend, but big money will real soon. Once it does, it will realize that the old metric followed by Buffet, et. al. will no longer work. Savings are going up; sales going down; corporations need to entice consumers to buy with extra low rate/prices on good and services. This trend should continue long past this recession. My prediction is that deflation will continue 5-10 years. My savings rate has gone from 5% of my annual salary to 15%. I plan on getting it up to 20% by 2010. I have several friends who are doing the same. We're assuming 0% return for the next 5-10 years and planning accordingly.

Fire Hank Paulson Now

Excellent article. Paulson must go! He is so biased in his decision making - just ask any former Lehman employee. Had Goldman Sachs been Lehman, it would never have been allowed to fail. That fact alone showed Paulson's true colors. Having watched him on C-Span yesterday, it's obvious he is a puppet that knows very little.

The DJIA will go to 5K-6K range for sure. The S&P will surely go to 650 to 700 range. Markets will win regardless of what the US government or any other goverhment does. The only question is: Why do taxpayer's have to subsidize CEO greed and businesses that derserve to fail?