Home › Forums › Financial Markets/Economics › Pivotal Day in US History Supreme Court says FU to Contract Law
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PCinSD.
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June 10, 2009 at 8:30 PM #414217June 10, 2009 at 9:06 PM #413534
moneymaker
ParticipantWhen gas hits $10 a gallon,American automakers won’t be able to give their cars away. In my opinion there are way too many cars out there on the road as it is(and I mean parked).Someone said inflation stymies spending, someone else says deflation makes people wait till it’s cheaper. I say it’s fear that keeps people from spending and right now rich people are afraid(what does that tell you),smart people are afraid! I think gold is overvalued right now, but I also think it will go higher before the year is out, since I can’t eat it, I’m not buying it. If I was to speculate I would say invest in what lasts a lifetime(yes I guess that would include gold).
June 10, 2009 at 9:06 PM #413772ParticipantWhen gas hits $10 a gallon,American automakers won’t be able to give their cars away. In my opinion there are way too many cars out there on the road as it is(and I mean parked).Someone said inflation stymies spending, someone else says deflation makes people wait till it’s cheaper. I say it’s fear that keeps people from spending and right now rich people are afraid(what does that tell you),smart people are afraid! I think gold is overvalued right now, but I also think it will go higher before the year is out, since I can’t eat it, I’m not buying it. If I was to speculate I would say invest in what lasts a lifetime(yes I guess that would include gold).
June 10, 2009 at 9:06 PM #414022ParticipantWhen gas hits $10 a gallon,American automakers won’t be able to give their cars away. In my opinion there are way too many cars out there on the road as it is(and I mean parked).Someone said inflation stymies spending, someone else says deflation makes people wait till it’s cheaper. I say it’s fear that keeps people from spending and right now rich people are afraid(what does that tell you),smart people are afraid! I think gold is overvalued right now, but I also think it will go higher before the year is out, since I can’t eat it, I’m not buying it. If I was to speculate I would say invest in what lasts a lifetime(yes I guess that would include gold).
June 10, 2009 at 9:06 PM #414091ParticipantWhen gas hits $10 a gallon,American automakers won’t be able to give their cars away. In my opinion there are way too many cars out there on the road as it is(and I mean parked).Someone said inflation stymies spending, someone else says deflation makes people wait till it’s cheaper. I say it’s fear that keeps people from spending and right now rich people are afraid(what does that tell you),smart people are afraid! I think gold is overvalued right now, but I also think it will go higher before the year is out, since I can’t eat it, I’m not buying it. If I was to speculate I would say invest in what lasts a lifetime(yes I guess that would include gold).
June 10, 2009 at 9:06 PM #414243ParticipantWhen gas hits $10 a gallon,American automakers won’t be able to give their cars away. In my opinion there are way too many cars out there on the road as it is(and I mean parked).Someone said inflation stymies spending, someone else says deflation makes people wait till it’s cheaper. I say it’s fear that keeps people from spending and right now rich people are afraid(what does that tell you),smart people are afraid! I think gold is overvalued right now, but I also think it will go higher before the year is out, since I can’t eat it, I’m not buying it. If I was to speculate I would say invest in what lasts a lifetime(yes I guess that would include gold).
June 10, 2009 at 11:23 PM #413647ucodegen
ParticipantI agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.
You have to remember that pensions are a liability to a company (ie Chrysler) just as bonds are. There is a secondary effect that what happens to the retirements of the line workers of a company should go BK and the execs had not properly funded the pension?
After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did.
Supreme Court rules on what fits the letter of the law/constitution, not what is right.
June 10, 2009 at 11:23 PM #413886ParticipantI agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.
You have to remember that pensions are a liability to a company (ie Chrysler) just as bonds are. There is a secondary effect that what happens to the retirements of the line workers of a company should go BK and the execs had not properly funded the pension?
After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did.
Supreme Court rules on what fits the letter of the law/constitution, not what is right.
June 10, 2009 at 11:23 PM #414137ParticipantI agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.
You have to remember that pensions are a liability to a company (ie Chrysler) just as bonds are. There is a secondary effect that what happens to the retirements of the line workers of a company should go BK and the execs had not properly funded the pension?
After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did.
Supreme Court rules on what fits the letter of the law/constitution, not what is right.
June 10, 2009 at 11:23 PM #414205ParticipantI agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.
You have to remember that pensions are a liability to a company (ie Chrysler) just as bonds are. There is a secondary effect that what happens to the retirements of the line workers of a company should go BK and the execs had not properly funded the pension?
After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did.
Supreme Court rules on what fits the letter of the law/constitution, not what is right.
June 10, 2009 at 11:23 PM #414359ParticipantI agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.
You have to remember that pensions are a liability to a company (ie Chrysler) just as bonds are. There is a secondary effect that what happens to the retirements of the line workers of a company should go BK and the execs had not properly funded the pension?
After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did.
Supreme Court rules on what fits the letter of the law/constitution, not what is right.
June 11, 2009 at 6:34 AM #413549
CoronitaParticipant[quote=pabloesqobar][quote]
Just curious…Why is gold down?[/quote]
That’s an easy one. Same reason why it rains right after I wash my truck. I just bought that friggin’ gold coin you posted the other day! [/quote]
Lol. Glad it was you and not me (this time). Sorry to hear that.
June 11, 2009 at 6:34 AM #413787CoronitaParticipant[quote=pabloesqobar][quote]
Just curious…Why is gold down?[/quote]
That’s an easy one. Same reason why it rains right after I wash my truck. I just bought that friggin’ gold coin you posted the other day! [/quote]
Lol. Glad it was you and not me (this time). Sorry to hear that.
June 11, 2009 at 6:34 AM #414037CoronitaParticipant[quote=pabloesqobar][quote]
Just curious…Why is gold down?[/quote]
That’s an easy one. Same reason why it rains right after I wash my truck. I just bought that friggin’ gold coin you posted the other day! [/quote]
Lol. Glad it was you and not me (this time). Sorry to hear that.
June 11, 2009 at 6:34 AM #414106CoronitaParticipant[quote=pabloesqobar][quote]
Just curious…Why is gold down?[/quote]
That’s an easy one. Same reason why it rains right after I wash my truck. I just bought that friggin’ gold coin you posted the other day! [/quote]
Lol. Glad it was you and not me (this time). Sorry to hear that.
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