Too bad I gave very specific rationale, logic, and thought-out posts directed from my education and field knowledge.
All you've got are moronic prognostications.
LK: what do you think of Mish's blog as a whole? Seems like he's a cherry-picking doomsdayer to me, but I'd like your opinion...
More or less. All I've ever seen is down, down, down, down. There isn't one good spot of news, commentary, or mitigating factors to the downturn.
Then he hawks gold through advertisements everwhere.
It gives you some decent commentary once in a while, but it needs to be balanced with other websites.
People like Madoff, Enron, AIG, Morgan Stanly, Goldmans Sachs, Lehmann Brothers et all make the same kind of claims of education and field knowledge.
That doesn't exclude them from collosal corruptness.
this thread seems to have wandered quite a bit, with many people looking to place blame.
a big part of this current situation came from deregulation that was initiated by the republicans and supported by the dems, signed into law by B. Clinton. those regulations monitored banking and lending practices; those safeguards were instituted as a result of the Depression but were deemed antiquated as we were more "civilized" now.
another issue is the global type of market that we now interract with. look at oil and gas trading. not sure on this one but i believe the bulk of that trading takes place outside of the markets regulated by Wall Street or the other major markets.
the only saving grace to this mess, is that many of the people who brought us this, are also out on the street. it's much harder for them to adjust, as compared to the bulk of us who are already used to budgetting.
things will get worse before they get better. more jobs will be lost, more companies closed, people will start living within their means, and the "i want it now" generation will learn the lesson of saving. Extended families will be the norm again as necessity forces families to remain together for economic reasons. And the funny thing is, I remember many of the stories my grandfather told me of the depression (he's 102 and still remembers his first job); both my parents lived through it as children and have their own memories. No matter how many times we hear it, we want to believe we have learned more, have grown past it........but history repeats itself. And we are too stupid to learn from that.
ouch that pan is hot, better not touch it..........ouch that pan it hot, better not touch it.........ouch that pan is hot, better not touch it......ouch that pan is hot, better not touch it.
D'oh
a big part of this current situation came from deregulation that was initiated by the republicans and supported by the dems, signed into law by B. Clinton. those regulations monitored banking and lending practices; those safeguards were instituted as a result of the Depression but were deemed antiquated as we were more "civilized" now.
another issue is the global type of market that we now interract with. look at oil and gas trading. not sure on this one but i believe the bulk of that trading takes place outside of the markets regulated by Wall Street or the other major markets.
the only saving grace to this mess, is that many of the people who brought us this, are also out on the street. it's much harder for them to adjust, as compared to the bulk of us who are already used to budgetting.
things will get worse before they get better. more jobs will be lost, more companies closed, people will start living within their means, and the "i want it now" generation will learn the lesson of saving. Extended families will be the norm again as necessity forces families to remain together for economic reasons. And the funny thing is, I remember many of the stories my grandfather told me of the depression (he's 102 and still remembers his first job); both my parents lived through it as children and have their own memories. No matter how many times we hear it, we want to believe we have learned more, have grown past it........but history repeats itself. And we are too stupid to learn from that.
ouch that pan is hot, better not touch it..........ouch that pan it hot, better not touch it.........ouch that pan is hot, better not touch it......ouch that pan is hot, better not touch it.
D'oh
We should be near 15% unemployment by the end of this year. If you think that is ridiculous you should just watch the news on the announced layoffs daily.
Quoted for posterity.
Want to bet $100 paypal that we don't hit 15% by the end of 09? That's the U3 number. I'll even give you 2 to 1 odds.
15% is impossible, people will leave the labor force before that happens.
Intel made .04 according to Bloomberg Terminal. Every other channel is on the plane crash (which went quite well it looks like).
Intel made .04 according to Bloomberg Terminal. Every other channel is on the plane crash (which went quite well it looks like).
Oh and since this thread has e-peeners being posted in it, I'm waiting for an offer letter with a $35K raise for me...apparently somebody forgot to tell them about the Depression 
StageLeft
No Lifer
- Sep 29, 2000
- 70,150
- 5
- 0
I'm glad I'm not reading too much financial news now compared to how I was because the headlines are fvcking grim, and that's looking at them with a positive slant. I am not touching my investments now, they'll do what they will, we're just being responsible with money and putting into savings. There's nothing else to do except get noticed at work to do my best to continue employment. Since I've stopped reading finance.yahoo.com or money.cnn.com a million times/day I am far happier. Only so much negative sh*t a person needs. I know it sucks, I don't want the details anymore!
Originally posted by: alchemize
Oh and since this thread has e-peeners being posted in it, I'm waiting for an offer letter with a $35K raise for me...apparently somebody forgot to tell them about the Depression
So it's all about you, right?
No worries, leeches like you will continue to find ways to suck $$ off my success.Originally posted by: Jhhnn
Originally posted by: alchemize
Oh and since this thread has e-peeners being posted in it, I'm waiting for an offer letter with a $35K raise for me...apparently somebody forgot to tell them about the Depression
So it's all about you, right?
Originally posted by: alchemize
No worries, leeches like you will continue to find ways to suck $$ off my success.Originally posted by: Jhhnn
Originally posted by: alchemize
Oh and since this thread has e-peeners being posted in it, I'm waiting for an offer letter with a $35K raise for me...apparently somebody forgot to tell them about the Depression
So it's all about you, right?
Yep, it really is all about you. Congratulations on finding the true meaning of compassionate conservatism in conceit.
Of course it is. And then there's your version of compassion - you want to find ways to steal my hard earned money and give it to others you feel are more deserving. You're infauated with socialism, and even might have a crush on communism based on your China posts.Originally posted by: Jhhnn
Originally posted by: alchemize
No worries, leeches like you will continue to find ways to suck $$ off my success.Originally posted by: Jhhnn
Originally posted by: alchemize
Oh and since this thread has e-peeners being posted in it, I'm waiting for an offer letter with a $35K raise for me...apparently somebody forgot to tell them about the Depression
So it's all about you, right?
Yep, it really is all about you. Congratulations on finding the true meaning of compassionate conservatism in conceit.
More e-peener - how much did you give to charity last year? It's tax time. I'll bet you $100 paypal I exceeded you.
Originally posted by: alchemize
Of course it is. You want to find ways to steal my hard earned money and give it to others.Originally posted by: Jhhnn
Originally posted by: alchemize
No worries, leeches like you will continue to find ways to suck $$ off my success.Originally posted by: Jhhnn
Originally posted by: alchemize
Oh and since this thread has e-peeners being posted in it, I'm waiting for an offer letter with a $35K raise for me...apparently somebody forgot to tell them about the Depression
So it's all about you, right?
Yep, it really is all about you. Congratulations on finding the true meaning of compassionate conservatism in conceit.
How much did you give to charity last year? It's tax time. I'll bet you $100 paypal I exceeded you.
So you contribute to charity so you can brag about it, and cast aspersions on anybody who questions your own greed and smug self-righteousness?
How noble. Look into your own bitter and twisted heart, if you dare.
I contribute to charity because I like to help people directly and whom I think really need it, not who Jhhnn and the government decides who needs it.Originally posted by: Jhhnn
Originally posted by: alchemize
Of course it is. You want to find ways to steal my hard earned money and give it to others.Originally posted by: Jhhnn
Originally posted by: alchemize
No worries, leeches like you will continue to find ways to suck $$ off my success.Originally posted by: Jhhnn
Originally posted by: alchemize
Oh and since this thread has e-peeners being posted in it, I'm waiting for an offer letter with a $35K raise for me...apparently somebody forgot to tell them about the Depression
So it's all about you, right?
Yep, it really is all about you. Congratulations on finding the true meaning of compassionate conservatism in conceit.
How much did you give to charity last year? It's tax time. I'll bet you $100 paypal I exceeded you.
So you contribute to charity so you can brag about it, and cast aspersions on anybody who questions your own greed and smug self-righteousness?
How noble. Look into your own bitter and twisted heart, if you dare.
And I even give close to $.50 of every dollar for the latter. But that's not enough for Jhhnn and his ilk...jealous of my success and their failings, they classify me as "greedy" and "rich", and yet they hoard their pennies even more tightly than I when it comes to helping others.
Well, we all have 24 hours in a day. How many hours of charitable work did you contribute last year?
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