Screw the free market, I'm beginning to like this Obama guy...

[JS80]

Originally posted by: PJABBER

Originally posted by: Pens1566

Originally posted by: fallout man

Originally posted by: Pens1566
I stopped reading at Sirius ...

I just had a $900 dinner.

Uh, good for you? Like to waste money?

Hey, I'd like a vicarious thrill. What was on the menu???

The most expensive meal I ever had was around $300 a head in Paris a few years back.

My American boss wanted to impress her boss and, since she knew I was a gourmand, asked my opinion as to what champagne we should order. I said that from the wine cellar listing I glanced at before engaging in conversation I would prefer Krug if push comes to shove.

Long story short, she told me to order what I liked (I LIKE that kind of boss!) and I promptly put in an order for a couple bottles of Krug Vintage 1995, which substantially raised our tab.

The funny part of the story is that when the sommelier happily proffered the first bottle to me I refused it, being the bottle had corked. The French sommelier froze, absolutely froze at an American refusing the bottle. He started to argue and question my judgment but I just quietly stood my ground while the French guests at the table got really, really silent.

The sommelier left, taking the tainted bottle. After a few minutes the owner of the restaurant and the two sommeliers of the restaurant returned with a new bottle. All three shook my hand and apologized for offending me by presenting an imperfect bottle (they confirmed the condition out of sight.)

They should have at least sampled the cork before serving it to me, of course, but they had some kind of blind faith that the price insured quality and condition, which it does not always.

Just like spending trillions does not guarantee we are going to get what we asked for and there is a chance the product will be delivered tainted by inattention.

PJABBER, please post more of these stories in ATOT.

 

[duragezic]

Originally posted by: Pens1566

Originally posted by: FerrelGeek

Originally posted by: Pens1566
I stopped reading at Sirius ...

Actually, if you'd have invested in Sirius in January, you'd have a ten-flod ROI right now. I'm still kicking myself for not doing it.

And if you had it since last august, you'd be down $1 a share ...

They're a horribly flawed company.

Is that really that bad? I don't have any specifics but I'd have to imagine most stocks are down at least $1 a share since last August.

 

[ZeGermans]

*decries Obama's messing with the sacred free market*
*makes money off of free market*
*invulnerable to cognitive dissonance*

 

[miketheidiot]

Originally posted by: scott
forget about it.

(a) as soon as the bailout-propelled inflation starts, the commercial bond market dies. Unless investors are in TIPS or similar, we're about to experience a commercial bond market collapse.

(b) Fools toss off opinions about just "printing up more money won't hurt much" without thinking about what it means to do that.

Most of the money is created through the fractional reserve banking system. $1 printed by the gov't multiplies many times over, flooding us and making the $1 trend toward worthless.

Say a few extra $trillions are "just printed upo." That multiplies into maybe hundreds of trillion$. It does severe, maybe even mortal, injury to our economy.

It's clearly as if Obama & the Fed are waging warfare against our economy, purposefully intent on crippling or even destroying America.

you don't know shit, take your paranoid ratings elsewhere please

 

[miketheidiot]

Originally posted by: PJABBER
You might consider placing a direct political bet -

Iowa Electronic Markets

The Iowa Electronic Markets are operated by faculty at the University of Iowa Henry B. Tippie College of Business as part of their research and teaching mission. These markets are small-scale, real-money futures markets where contract payoffs depend on economic and political events such as elections.

Though they do not yet have the 2010 Mid Term Elections Market up, I would place an all-in bet that the Democrats are going to lose a significant number of seats and the U.S. will thus move away from a One Party government.

Here is a list of the Closed Markets that have finished trading -

Closed Markets

democrats will probably be neutral in the senate since this is the 2004 senate up for election and is heavily republican already.

losing seats in the house is a fair bet

 

[Infohawk]

so much for the efficient market theory

 

[Sacrilege]

Originally posted by: miketheidiot

Originally posted by: scott
forget about it.

(a) as soon as the bailout-propelled inflation starts, the commercial bond market dies. Unless investors are in TIPS or similar, we're about to experience a commercial bond market collapse.

(b) Fools toss off opinions about just "printing up more money won't hurt much" without thinking about what it means to do that.

Most of the money is created through the fractional reserve banking system. $1 printed by the gov't multiplies many times over, flooding us and making the $1 trend toward worthless.

Say a few extra $trillions are "just printed upo." That multiplies into maybe hundreds of trillion$. It does severe, maybe even mortal, injury to our economy.

It's clearly as if Obama & the Fed are waging warfare against our economy, purposefully intent on crippling or even destroying America.

you don't know shit, take your paranoid ratings elsewhere please

Where's the next Ron Paul rally???

 

[Vic]

Originally posted by: scott
forget about it.

(a) as soon as the bailout-propelled inflation starts, the commercial bond market dies. Unless investors are in TIPS or similar, we're about to experience a commercial bond market collapse.

(b) Fools toss off opinions about just "printing up more money won't hurt much" without thinking about what it means to do that.

Most of the money is created through the fractional reserve banking system. $1 printed by the gov't multiplies many times over, flooding us and making the $1 trend toward worthless.

Say a few extra $trillions are "just printed upo." That multiplies into maybe hundreds of trillion$. It does severe, maybe even mortal, injury to our economy.

It's clearly as if Obama & the Fed are waging warfare against our economy, purposefully intent on crippling or even destroying America.

After reading your post, I'm curious as to what motive you believe that the US govt would have in intentionally crippling or even destroying the very economy that gives it all of its power.

 

[JS80]

Originally posted by: coolVariable

Originally posted by: scott
forget about it.

(a) as soon as the bailout-propelled inflation starts, the commercial bond market dies. Unless investors are in TIPS or similar, we're about to experience a commercial bond market collapse.

(b) Fools toss off opinions about just "printing up more money won't hurt much" without thinking about what it means to do that.

Most of the money is created through the fractional reserve banking system. $1 printed by the gov't multiplies many times over, flooding us and making the $1 trend toward worthless.

Say a few extra $trillions are "just printed upo." That multiplies into maybe hundreds of trillion$. It does severe, maybe even mortal, injury to our economy.

It's clearly as if Obama & the Fed are waging warfare against our economy, purposefully intent on crippling or even destroying America.

True

If there really is hyper inflation, TIPS won't do shit because the gov't will rig CPI numbers to understate true inflation.

But most likely it will be a asset chasing inflation if the sidelined money starts losing faith in USD.

 

[Vic]

Originally posted by: JS80
If there really is hyper inflation, TIPS won't do shit because the gov't will rig CPI numbers to understate true inflation.

But most likely it will be a asset chasing inflation if the sidelined money starts losing faith in USD.

If it's asset-chasing inflation then there will be another real estate boom, which would contradict your prediction that housing values won't go back up for another generation.

 

[Andrew1990]

Well from what I have been seeing in the Scrap metal market, Aluminum is pretty low at $0.30 a pound, usually is is around $0.50 a pound. Maybe invest in the Aluminum Industry? Also with gas slowly going up and energy taxes and wqhat not, steel is a big Yes in my eyes.

Steel was at $300 a ton during $4 gas time. It is now at $120 a ton and rising with gas cost. I would invest in the Steel industry while possible.


Now this is from the eyes of a scrapper and scavenger.

 

[Pens1566]

Originally posted by: duragezic

Originally posted by: Pens1566

Originally posted by: FerrelGeek

Originally posted by: Pens1566
I stopped reading at Sirius ...

Actually, if you'd have invested in Sirius in January, you'd have a ten-flod ROI right now. I'm still kicking myself for not doing it.

And if you had it since last august, you'd be down $1 a share ...

They're a horribly flawed company.

Is that really that bad? I don't have any specifics but I'd have to imagine most stocks are down at least $1 a share since last August.

A better description would have been to say "down from $1.50 a share to $.50 a share". Kind of a big difference.

 

[mshan]

News has been out for a while, so trade has already been done, but how about buying stocks that had a lot of naked short selling interest in them, since SEC is now actually going to enforce the rules.

 

[JEDIYoda]

Originally posted by: dammitgibs
So I invested in companies like Sirius XM (SIRI) and various steel stocks who I suspected would benefit greatly from the cash for clunkers program and reaped the benefits, and now I'm thinking what will be the next great Obama policy for me to cash in on? I'm not so sure this UHC thing is going to go through but if it does which companies do you think are the best to invest in? The big one I'm thinking here is cap and trade as energy prices sky rocket, I'm thinking natural gas, coal, and lastly precious metals that supply photovoltaic cell manufacturers, what do you think?

36b posts and already a fucking genuis!!

 

[JS80]

Originally posted by: Vic

Originally posted by: JS80
If there really is hyper inflation, TIPS won't do shit because the gov't will rig CPI numbers to understate true inflation.

But most likely it will be a asset chasing inflation if the sidelined money starts losing faith in USD.

If it's asset-chasing inflation then there will be another real estate boom, which would contradict your prediction that housing values won't go back up for another generation.

I exclude real estate because interest rates will rise and homes are bought through leverage.

But my prediction is based on real terms (inflation adjusted).