They have always been (for the past 100 years, anyway) so dumb they would sell your kid to science for a freshly printed $1 from a crooked banker.
Congressional stupidity is how the private Federal Reserve gets away with printing cash to bankroll the pre-WWII Japanese navy, the lion’s share of Hitler’s war machine, and finally [...]
The NY economy is not diversified. Almost all industries have left except finance and real estate with some insurance. However, if one were to think that the “dot com” bubble will repeat itself or the “real estate boom” will repeat itself anytime in the next 20 or 30 years then one would be dreaming.
This time [...]
When Japan’s housing bubble burst, they had 15% personal savings while we had about 1%, so they were better positioned to weather the coming storm.
Their total market debt (household, corp, gov) was 260% of their GDP, while ours was closer to 360%, meaning we have a lot more to unwind. They put their failed institutions [...]
Government has destroyed our whole economic way of life. For almost 100 years government has listened to central bankers and destroyed the ability of workers to save and be paid an interest rate that stays ahead of inflation. Now, they lose buying power if they buy government bonds or lend to people for a home [...]
I would strongly agree that Mr. Buffet is the most intellegent stock-investor in the US history; however, I have to say that not many of us, common investors, could really “copy & paste”
his strategy.
(my) Reasons by some challenging questions:
1. Could one still hold your shares for 1-2 years, even if its price
drops 50% [...]
I know everyone is very angry at the Bush administration for his actions that magnified and accelerated and exposed this problem. Yet, the problem was there for almost 100 years. It was an unusual problem in that it works and does good under some circumstance and not good under others.
Yet, when it does bad, due [...]
It’s like he was a fortune teller from 100 years ago, predicting scenarios that lead to this.
http://www.reformation.org/jackson_farewell_message.html
an excerpt (albeit lengthy)
The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluctuations, thereby rendering property insecure and the wages of labor unsteady [...]
Dean Says John McCain is Wrong, Americans Don’t Want To Be In Iraq for 100 Years
Announces New DNC Ad on Meet the Press
WASHINGTON, April 27, 2008 /PRNewswire via COMTEX/ — On NBC’s Meet the Press
this morning, Democratic National Committee chairman Howard Dean previewed a
second television ad, entitled “100,” that highlight’s John McCain’s willingness
to keep our [...]
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