dinky229

U.S. Debt Default, Dollar Collapse Altogether Likely

Well.. I have to admit.. not sure if it's inflation in one sector of the market, but you are 100% correct on the price of ammunition. What cost me $25 a box LAST YEAR now costs me $54... for the same ammunition.


On Feb 03 03:55 PM ecliptix543 wrote:

> Jake,
> Unfortunately I have a suggestion. There is one asset class, though
> few people in their right mind would consider it such, that has shown
> remarkable year over year increases. Ammunition. Just for plinking
> purposes, I bought a few hundred rounds for my rifle about a year
> ago since the place had a decent sale at the time. I paid just under
> $200, as of yesterday when I saw the exact same product on the same
> advertiser's site: $900. 350% in one year. I realise it isn't exactly
> liquid, but it does allow one to hunt or defend if necessary - two
> qualities that gold does not offer. After seeing that, I checked
> around some other places and saw similar price moves. Maybe it's
> the gun freaks doing a little quiet price-gouging, maybe it's fear
> of the new administration's potential policy shifts in that segment.
> I dunno. I think I'll consider brass and lead in my precious metal
> portfolio, at least until all this apocalypse stuff blows over (or
> lands on my front door...).

Commercial Real Estate Debt: Another Inflection Point for the Financial Sector

SRS is 2x short commercial real estate... but be careful with it.. it moves quickly from day to day.


On Feb 07 12:32 AM Wide Moat wrote:

> Any way for a retail investor to short CMBS? You'd really need a
> more concentrated vehicle than just shorting banks to really make
> this one worth the risk, right?

Marc Faber on the Economy, Gold, WWIII

AAAAA fuc*ing MEN brother.... man.. you said it. When will WE, as a nation, take responsibility for our OWN actions instead of asking GOV'T to take care of all our problems. Couldn't have said it better myself. We are about to learn how to lay in a bed that WE made... and it's probably the best lesson.

Rich


On Jan 07 08:27 AM whisperonthewind wrote:

> We can blame others (governments, banks, big oil, etc.) until the
> skies turn polka-dotted, but at some point we have to accept responsibility
> for the things we each do for ourselves and TO ourselves. WE the
> users went for those adjustable rate mortgages. WE believed the hype.
> WE didn't pay the mortgage. WE lost those houses/cars/boats. The
> government here is such that it makes things available, but no one
> forced anyone to sign the papers. WE did that. WE refused to read
> the papers. WE refused to do the math. WE refused to ask the loan-makers
> to show us the numbers on paper. WE refused to listen when the interest
> rates were going up. And WE liked it, because our house values were
> going up at the same time. WE wanted higher values for our houses
> because we knew it would make us rich when we sold to some poor sucker.
> The blame lies with each of us that made those stupid mistakes.<br/>
>
> I've been criticized by friends for living in a cheap apartment,
> not buying new furniture, not buying a new car, not taking that second
> credit card, not buying new clothes. But now, my rent is affordable,
> my heat is free, my lights are cheap, my car is paid off, my credit
> card carries a balance that will be paid off next week, and my furniture
> and clothes are still just as good as they were. I won't have a house
> to leave to my kids (and they won't have to try to sell it), but
> I will have money. The funny thing about money is that kids young
> and old like it. And they like it more than Aunt Gerda's antimacassar
> and Uncle Herb's rickety rocking chair.
>
> As a nation, as independent and FREE thinkers, we need to begin to
> take responsibility for our OWN actions, we need to stop whining
> and blaming everything else for what we have brought on ourselves.
> Housing bubble or not, global warming or not, it isn't important
> if WE don't take responsibility for ourselves. I'm tired of listening
> to everyone place blame.

Manufacturing Collapse Reminiscent of Great Depression's Beginning

I'm also short through ETFs. Specifically, SRS. I was in SKS but it seems the banks are too big to fail so I left SKS. Any opinions on SRS?


On Jan 05 09:58 AM AndrewBaker wrote:

> The ones telling us now is a great buying opportunity are probably
> the same ones who did not not tell us to sell 12 months ago: why
> would they be right this time? It strikes me that not saying sell
> and saying buy (selectively) are two sides of the same self-interested
> coin. Add in the politicians' economics (bad at the best of times),
> and the only way is further down, in my view. I'm sticking with shorts
> (through ETF) and bonds, and a very few stocks that I'll sell as
> soon as the price has risen. This is a depression and has a long
> way to go.

Long Term Fundamental Value of Stocks Smoother Than Prices

Where did you find Exxon's tax contribution?


On Dec 01 08:52 PM DavyJ wrote:

> Jolly Rancher
>
> Oops!
>
> You said "Right now Exxon pays more taxes than all US citizens combined.
> That can't continue."
>
> For the record, Exxon paid $29.864,000 in taxes for 2007.
>
> Individual taxpayers paid $1,335,441,437.
>
> In fact the total for all corporations was only $395,535,825. <br/>
>
> www.irs.gov/pub/irs-so...
>
> Too much talk radio, I suppose.