Brookstreet kaput

[rockysan99]

Sorry Rustico. My apologies
I didnt know about the previous stuff. I am really worried about this hedge fund stuff. Even tho I’m short the insurers (ABK and MBI) I have reservations about a serious meltdown. It appears serious enough that Merrill avoided dumping those CDOs on the open market for fear of causing a panic. Still, Moody’s was forced today to revalue and there will be more. Brookstreet went under, and although they are only a tiny blip it still speaks volumes as to the precariousness of the situation at hand

[NotCranky]

No problems Rocky, I am not short anything related, but I am ready for a depression. Thanks to this blog and inciteful posters like you, I will be one of the few people that see it coming and how it is coming, if it does. I have been concerned about a wide reaching economic meltdown for several years. Grandma asked me not to scare the children too much, so I more or less relaxed on it.

[NotCranky]

No problems Rocky, I am not short anything related, but I am ready for a depression. Thanks to this blog and inciteful posters like you, I will be one of the few people that see it coming and how it is coming, if it does. I have been concerned about a wide reaching economic meltdown for several years. Grandma asked me not to scare the children too much, so I more or less relaxed on it.

[DaCounselor]

“This is serious. Very serious.”
___________________________

Oh yeah. There is some serious scrambling going on. The tension is palpable. The initial position taken, that this thing was going to be compartmentalized, was at best wishful thinking and at worst a bald-faced lie (or delusional).

[DaCounselor]

“This is serious. Very serious.”
___________________________

Oh yeah. There is some serious scrambling going on. The tension is palpable. The initial position taken, that this thing was going to be compartmentalized, was at best wishful thinking and at worst a bald-faced lie (or delusional).

[cyphire]

I got a call from my broker this morning. He wanted to buy some stocks because the market is down. I told him not to… Even a small amount.

I would love to get some better returns than the money market, treasury bills, and California municipals bonds we are buying, but even though he wants to buy A+ stocks (oil drillers, large cap anti-inflation types), I am still skeptical.

I just came into a large chunk of cash and would like to get it working for me, not just sitting on the sidelines. Should I buy a couple of spec houses in Carmel Valley?

[cyphire]

I got a call from my broker this morning. He wanted to buy some stocks because the market is down. I told him not to… Even a small amount.

I would love to get some better returns than the money market, treasury bills, and California municipals bonds we are buying, but even though he wants to buy A+ stocks (oil drillers, large cap anti-inflation types), I am still skeptical.

I just came into a large chunk of cash and would like to get it working for me, not just sitting on the sidelines. Should I buy a couple of spec houses in Carmel Valley?

[kewp]

just came into a large chunk of cash and would like to get it working for me, not just sitting on the sidelines. Should I buy a couple of spec houses in Carmel Valley?

Have you read “Crash Proof” by Peter Schiff yet? I just finished it and he paints a pretty compelling case for a severe collapse of the dollar.

You might want to check it and his brokerage, “Euro Pacific Capital” out. Specifically the Merck Fund, http://www.europac.net/investment_merk_hard_currency.asp and the Rodgers Fund http://www.europac.net/investment_rogers.asp

If I had some cash sitting around I would definitely park a good chunk of it in the above two funds as a hedge against inflation. A nice perk of the Rodgers fund, whenever you see rising prices at the pump, you know that is money in the bank for you!

A word of warning, I did pick up a pretty anti-goverment tone from the book and Mr. Schiff’s father is currently in jail as a tax protester, so there is some bias there that colors his analysis.

[kewp]

just came into a large chunk of cash and would like to get it working for me, not just sitting on the sidelines. Should I buy a couple of spec houses in Carmel Valley?

Have you read “Crash Proof” by Peter Schiff yet? I just finished it and he paints a pretty compelling case for a severe collapse of the dollar.

You might want to check it and his brokerage, “Euro Pacific Capital” out. Specifically the Merck Fund, http://www.europac.net/investment_merk_hard_currency.asp and the Rodgers Fund http://www.europac.net/investment_rogers.asp

If I had some cash sitting around I would definitely park a good chunk of it in the above two funds as a hedge against inflation. A nice perk of the Rodgers fund, whenever you see rising prices at the pump, you know that is money in the bank for you!

A word of warning, I did pick up a pretty anti-goverment tone from the book and Mr. Schiff’s father is currently in jail as a tax protester, so there is some bias there that colors his analysis.

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