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Pasadena Broker.
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AuthorPosts
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January 29, 2008 at 6:26 PM #145185January 29, 2008 at 6:26 PM #145255
kewp
ParticipantDid anyone else see this?
http://globaleconomicanalysis.blogspot.com/2008/01/bank-reserves-go-negative.html
I would think the banks having no cash might be a bit of a problem?
January 29, 2008 at 6:39 PM #144931Pasadena Broker
ParticipantWhy is a banks problem, my problem, when ‘I’m doing ok’?
What is this ‘we’ business you guys keep prattling about, I am an island unto myself.
January 29, 2008 at 6:39 PM #145169Pasadena Broker
ParticipantWhy is a banks problem, my problem, when ‘I’m doing ok’?
What is this ‘we’ business you guys keep prattling about, I am an island unto myself.
January 29, 2008 at 6:39 PM #145197Pasadena Broker
ParticipantWhy is a banks problem, my problem, when ‘I’m doing ok’?
What is this ‘we’ business you guys keep prattling about, I am an island unto myself.
January 29, 2008 at 6:39 PM #145200Pasadena Broker
ParticipantWhy is a banks problem, my problem, when ‘I’m doing ok’?
What is this ‘we’ business you guys keep prattling about, I am an island unto myself.
January 29, 2008 at 6:39 PM #145271Pasadena Broker
ParticipantWhy is a banks problem, my problem, when ‘I’m doing ok’?
What is this ‘we’ business you guys keep prattling about, I am an island unto myself.
January 30, 2008 at 10:49 AM #145205Geedup
ParticipantMy favorite quote from Warren Buffet (perfectly applies to what happened to our housing market)
“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”
Berkshire Hathaway 2000 Chairman’s Letter
January 30, 2008 at 10:49 AM #145546Geedup
ParticipantMy favorite quote from Warren Buffet (perfectly applies to what happened to our housing market)
“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”
Berkshire Hathaway 2000 Chairman’s Letter
January 30, 2008 at 10:49 AM #145474Geedup
ParticipantMy favorite quote from Warren Buffet (perfectly applies to what happened to our housing market)
“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”
Berkshire Hathaway 2000 Chairman’s Letter
January 30, 2008 at 10:49 AM #145472Geedup
ParticipantMy favorite quote from Warren Buffet (perfectly applies to what happened to our housing market)
“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”
Berkshire Hathaway 2000 Chairman’s Letter
January 30, 2008 at 10:49 AM #145444Geedup
ParticipantMy favorite quote from Warren Buffet (perfectly applies to what happened to our housing market)
“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”
Berkshire Hathaway 2000 Chairman’s Letter
January 30, 2008 at 10:59 AM #145459JWM in SD
ParticipantJWM in SD
“Why is a banks problem, my problem, when ‘I’m doing ok’?
What is this ‘we’ business you guys keep prattling about, I am an island unto myself.”
So I guess you keep all of your money in your mattress right?
So PB, do you work for one of those fourteen organizations that the FBI will be looking into shortly? Who knows, you might have an orange jumpsuit in your future…..
January 30, 2008 at 10:59 AM #145487JWM in SD
ParticipantJWM in SD
“Why is a banks problem, my problem, when ‘I’m doing ok’?
What is this ‘we’ business you guys keep prattling about, I am an island unto myself.”
So I guess you keep all of your money in your mattress right?
So PB, do you work for one of those fourteen organizations that the FBI will be looking into shortly? Who knows, you might have an orange jumpsuit in your future…..
January 30, 2008 at 10:59 AM #145500JWM in SD
ParticipantJWM in SD
“Why is a banks problem, my problem, when ‘I’m doing ok’?
What is this ‘we’ business you guys keep prattling about, I am an island unto myself.”
So I guess you keep all of your money in your mattress right?
So PB, do you work for one of those fourteen organizations that the FBI will be looking into shortly? Who knows, you might have an orange jumpsuit in your future…..
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