BS: What to do in a great depression?

Subject: RE: BS: What to do in a great depression?
From: GUEST,redhorse at work
Date: 15 Aug 07 - 08:42 AM

Nice point Foolestroupe, but I suspect it's more a "cost of money " issue. When interest rates go up, cost of maintaining high stock levels goes up, so stock levels go down. I reckon you'll get as good a picture of economic health just by looking at interest rates.

nick

Subject: RE: BS: What to do in a great depression?
From: Rapparee
Date: 15 Aug 07 - 09:14 AM

If you REALLY want to learn what to do, go spend some time on an Indian Reservation. Unemployment is 60% on some of them and on most better than 50% are on Welfare (The Dole). The governments of both the US and Canada don't seem to give a tinker's damn either, as long as the Indians stay quiet and don't start making noises about "Treaty Rights" and "Where's all the money you promised to take care of gone to?"

Subject: RE: BS: What to do in a great depression?
From: GUEST
Date: 15 Aug 07 - 10:27 AM

Rapaire - Yes, I think you're right. An Indian Reservation reflects pretty well what an extended depression would be like.

Subject: RE: BS: What to do in a great depression?
From: Donuel
Date: 15 Aug 07 - 11:43 AM

Safeway shelves have eliminated about 20% of the diversity they had 7 years ago.

2006 - 2007

USA ecomnomic growth ,,, 1.9%
China ... 11.8%
Japan ... 8%

of the three markets the one to guy is Japan.

The US is bad on its face and the Chinese problems of quality control are jitting them hard (along with Walmart)

Even if you have only a thousand to invest, Japan is the way to go.



There outta be a law...
As long hedge funds are aloowed to operate in total secrecy the investment game is in risk. They need to be taxed and they need to be transparent! of course the wealthy pay for the law to make their own criminal schemes legal but we nne laws governing hedgefunds to protect world markets now.

Risk hazards should not be rewarded. Wjen a hedge fund screws with2 trillion dollars they should not be bailed out. We say we don't do that kind of thing officially but we bailed out a hedge fund back during Greenspan's term and we might be doing it again. IT is like making the poor pay off the wealthy for losing their money on a really stupid purchase.

actually it is not 'like that' it IS that.

Subject: RE: BS: What to do in a great depression?
From: Riginslinger
Date: 15 Aug 07 - 10:10 PM

Donuel - I agree with everything you say here. I can't understand that there are still small investers out here who continue to think this is a level playing field.

                         I think it first became apparent to me when they decided to underwrite all of the uninsured Savings and Loan accounts through the FDIC. Those firms should simply have been allowed to collapse.

                         The hedge funds are a much bigger problem, and you're right, the poor people will be forced to bail them out again. With this kind of mindset, the wealthy can't lose, and the poor people have to win the lottery to win. Hard work and ingenuity has little value in post Reagan America.

Subject: RE: BS: What to do in a great depression?
From: Rapparee
Date: 15 Aug 07 - 10:15 PM

That's the truth! Ronnie did us no favors and the Bushes have beaten the US down to where it is 42nd in the world in life expectancy, slipped to third in innovation and technology, and is held together by loans from other countries.

An accounting will come. It always does.

Subject: RE: BS: What to do in a great depression?
From: The Fooles Troupe
Date: 15 Aug 07 - 10:37 PM

You are experiencing the 'Fall of The Second Roman Empire' ... enjoy it...

Subject: RE: BS: What to do in a great depression?
From: Rapparee
Date: 15 Aug 07 - 11:53 PM

It would be far more enjoyable if there were orgies....

Subject: RE: BS: What to do in a great depression?
From: Liz the Squeak
Date: 16 Aug 07 - 02:22 AM

Evidence would suggest that there were far fewer orgies in Ancient Rome than is commonly thought... Even they got depressed sometimes.

LTS

Subject: RE: BS: What to do in a great depression?
From: The Fooles Troupe
Date: 16 Aug 07 - 08:25 AM

Aw... Geeee...



Aw... Geeee...




Aw... Geeee...



Aw... Geeee...


Aw... Geeee...

Aw... Geeee...

Aw... Geeee...

Aw... Geeee...
Aw... Geeee...
Aw... Geeee...

Subject: RE: BS: What to do in a great depression?
From: Liz the Squeak
Date: 16 Aug 07 - 08:56 AM

Sorry Fooles... another illusion shattered.

LTS

Subject: RE: BS: What to do in a great depression?
From: Donuel
Date: 16 Aug 07 - 09:14 AM

one model for success is "What would billionaire Warren Buffet do."
He invested in the Bank of America.
go figure.

IS IT MY IMAGINATION or was the saving and loan scandal/bailout, the BC&C (the cia bank of crooks and criminals), the crash of March 06 and August 07 sub prime crash and Hedge Fund Bust ALL OCCUR while a Bush was in charge?

This family and good ol oily Wall Street boys go hand in hand in robbing the treasury of the US time and again. When they can't steal a surplus they steal borrowed (deficit spending) money and start a war with great military industry profits and other unbid contracts.
AND WHEN THAT IS NOT ENOUGH...
During this war they fired the accountants and flew 20 tons of cash into Iraq that was divied up without any records. And while I'm ranting where is all the money they took from Saddam and his Swiss accounts? Where is the missing trillion dollars in the Pentagon?

Another Bush plan to rob another pile was to hand the entire Social Security fund over to Wall Street to be invested in financial schemes like bogus sub prime lending.
Just think they could have run off with the whole social security reserve during this sub prime crash if it had been invested in financials and stocks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Oh well, they can't streal it all, until it is all gone.


The jewel in the Bush investment portfolio is the Carlye Group that is known as a STRIP and FLIP hostile takeover corporation. The other thing they do is own corporations of war they make weapons and sell "security".




PS
I do not suggest that the Japan market is the best buy right now, only that the trend toward quality will make the Japan market a good bet AFTER the dust settles.

I predicted a 15% bottom in the US market. We are a bit over a 10% drop. The real bottom could exceed my guess. This financial stuff has been a hobby since I worked breifly for Bear Sterns in the 80's during their first scandal and crash. They actually had classes in how to steal money from their clients. They were not shy about their crimes then and I bet this has not changed.

Subject: RE: BS: What to do in a great depression?
From: Rapparee
Date: 16 Aug 07 - 09:24 AM

Don't forget Prudential Investments.

A burst economic bubble will not destroy civilization as we know it. It will make life harder, true. Perhaps it will serve as a wakeup call that the United States was originally founded to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.

But there won't be (many) riots in the streets or cities aflame from top to bottom any more than there were durin the Great Depression or when the South Sea Bubble burst or during the various Panics of the 19th Century.

Banks will fail, people will lose their homes and savings, there will be some suicides...in short, the economic order will be changed, but only somewhat. And I doubt that there will be any true accountability.

And yes, Donuel, I agree with your 15% and I'd go as high as 20%.

Subject: RE: BS: What to do in a great depression?
From: Donuel
Date: 16 Aug 07 - 12:59 PM

When a market is more heavily invested in trading paper and speculation on loans and new forms of derivitives INSTEAD of actual goods, volitility will grow. Hell there is even a market that trades on a volitility index (VIC)

That Warren Bufet bought into the Bank of America might mean that he hopes that it will emerge bigger after swallowing many smaller banks that go under. Some banks that were highly leveraged on bad hedge funds have silently failed already. Probably more Euro banks will fail than American banks due to thinner capital.

I think Goldman Sachs is biting the same bullet as Bear Stearns and that E Trade is a dead man walking.

I guess I get hung up on this stuff since it is like a Cowboy movie with a few good guys surrounded by lots of black hats who a tryin to cheat the poor folks in this here Railrod town out of their homes.

Subject: RE: BS: What to do in a great depression?
From: GUEST,sinky
Date: 16 Aug 07 - 01:57 PM

have a nice ham shank

Subject: RE: BS: What to do in a great depression?
From: Donuel
Date: 16 Aug 07 - 03:08 PM

thanky shanky

Subject: RE: BS: What to do in a great depression?
From: Riginslinger
Date: 16 Aug 07 - 11:23 PM

All that means to me is, Warren Buffet ought to be paying for the orgies.