- This topic has 9 replies, 8 voices, and was last updated 16 years, 10 months ago by
GoUSC.
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September 19, 2007 at 7:59 AM #10342September 19, 2007 at 8:33 AM #85168
LookoutBelow
ParticipantPeter Schiff is a breathe of fresh air and sanity…..he is 100% RIGHT ….Just wait !
September 19, 2007 at 10:15 AM #85187cr
ParticipantI love it – people don’t care what’s true, they just want to hear what they want hear.
Recession/Election ’08
September 19, 2007 at 10:25 AM #85191Pasadena Broker
Participant‘…inflation numbers might be higher but we have to live with the official numbers…’
What a classic, shot myself in the foot response.
September 19, 2007 at 10:47 AM #85195kewp
ParticipantI love this rationale…
“We *have* to trust the government numbers”
Wonderful! I’ll be sure to remember that when gas and milk are $6 a gallon.
September 19, 2007 at 11:28 AM #85196poorgradstudent
Participant“I’m long gold, I’m long oil, I’m long foreign stocks, and I’m short the dollar”.
Sounds smart.
September 19, 2007 at 12:05 PM #85199lonestar2000
Participant“We *have* to trust the government numbers”
“Wonderful! I’ll be sure to remember that when gas and milk are $6 a gallon.”
And $50,000 for a toilet seat! – (shameless Independence Day quote)
September 19, 2007 at 3:09 PM #85217cr
ParticipantI’m going to get those inflation numbers and go to the stores and demand those prices!!
September 19, 2007 at 8:30 PM #85247kewp
ParticipantWas anyone else bothered by the talking head lady that didn’t seem to even know what inflation was?
September 20, 2007 at 9:47 AM #85284GoUSC
Participantkewp I know what you mean. It amazes me some of the things that came out of these people’s mouths. Not one of them address the basic premise that Peter made. The consumer is overtapped, we have borrowered more than we can pay back, our economy is faltering, and now our dollar is under extreme pressure.
Where is Volcker when you need him!?!?!?
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