[Allan from Fallbrook]

Duke: I’d like to amplify your post a little bit further, and point out the number of attorneys this country mints versus those in the science and technical professions. Hell, you had people with degrees in high order mathematics (the so-called “quants”) going to work on Wall Street because that’s where the money was.

We need to fix our educational system, along with our values system. The fact that we’re rapidly becoming the world’s worst educated, but most well armed third world nation should alarm the shit out of everyone.

Did you ever see the movie “Idiocracy”? Funny as hell and scary as hell, all at the same time.

[Allan from Fallbrook]

TG: I would go one step further and look back on two decades of extremely loose monetary policy as well. Not only has the FED completely abandoned its core mandate in terms of currency protection and fiscal responsibility, it threw untold gallons of fuel on the fire.

You want to talk about “entitlement”: There was no way in hell that Greenspan was going to allow the natural market forces to play their part and correct (thereby causing the US Consumer pain and discomfort). Nope. He was going to game the system through currency and interest rate manipulation.

While 2003 was undoubtedly an important year, this situation has been building since the 1970s.

[Allan from Fallbrook]

TG: I would go one step further and look back on two decades of extremely loose monetary policy as well. Not only has the FED completely abandoned its core mandate in terms of currency protection and fiscal responsibility, it threw untold gallons of fuel on the fire.

You want to talk about “entitlement”: There was no way in hell that Greenspan was going to allow the natural market forces to play their part and correct (thereby causing the US Consumer pain and discomfort). Nope. He was going to game the system through currency and interest rate manipulation.

While 2003 was undoubtedly an important year, this situation has been building since the 1970s.

[Allan from Fallbrook]

TG: I would go one step further and look back on two decades of extremely loose monetary policy as well. Not only has the FED completely abandoned its core mandate in terms of currency protection and fiscal responsibility, it threw untold gallons of fuel on the fire.

You want to talk about “entitlement”: There was no way in hell that Greenspan was going to allow the natural market forces to play their part and correct (thereby causing the US Consumer pain and discomfort). Nope. He was going to game the system through currency and interest rate manipulation.

While 2003 was undoubtedly an important year, this situation has been building since the 1970s.

[Allan from Fallbrook]

TG: I would go one step further and look back on two decades of extremely loose monetary policy as well. Not only has the FED completely abandoned its core mandate in terms of currency protection and fiscal responsibility, it threw untold gallons of fuel on the fire.

You want to talk about “entitlement”: There was no way in hell that Greenspan was going to allow the natural market forces to play their part and correct (thereby causing the US Consumer pain and discomfort). Nope. He was going to game the system through currency and interest rate manipulation.

While 2003 was undoubtedly an important year, this situation has been building since the 1970s.

[Allan from Fallbrook]

TG: I would go one step further and look back on two decades of extremely loose monetary policy as well. Not only has the FED completely abandoned its core mandate in terms of currency protection and fiscal responsibility, it threw untold gallons of fuel on the fire.

You want to talk about “entitlement”: There was no way in hell that Greenspan was going to allow the natural market forces to play their part and correct (thereby causing the US Consumer pain and discomfort). Nope. He was going to game the system through currency and interest rate manipulation.

While 2003 was undoubtedly an important year, this situation has been building since the 1970s.

[Allan from Fallbrook]

Bubblesitter: I think there are going to be some excellent opportunities for the sharp investor out there. The problem you have is that any serious effort at due diligence is going to be hampered by what you don’t see, meaning those potentially toxic assets and liabilities that are “off book”.

The WSJ article referenced the fact that Ben Graham lost nearly 60% during the period 1930 – 1933. I’m a big fan of Graham’s, especially Graham’s Theorem for company valuation, and so is Warren Buffett. Buffett built Berkshire-Hathaway up through well placed bets on undervalued or misvalued companies.

I think those same opportunities will exist during this downturn as well. You’ll have to pay very close attention to not only the books, but the accompanying notes to the books, especially in those companies involved with any off book transactions. The other question I would ask is: Corporate bonds or corporate stocks? Is yours to be a buy and hold strategy, or are you looking for one of those type situations where a company is incorrectly valued and represents a steal on the stock side of the equation?

[Allan from Fallbrook]

Bubblesitter: I think there are going to be some excellent opportunities for the sharp investor out there. The problem you have is that any serious effort at due diligence is going to be hampered by what you don’t see, meaning those potentially toxic assets and liabilities that are “off book”.

The WSJ article referenced the fact that Ben Graham lost nearly 60% during the period 1930 – 1933. I’m a big fan of Graham’s, especially Graham’s Theorem for company valuation, and so is Warren Buffett. Buffett built Berkshire-Hathaway up through well placed bets on undervalued or misvalued companies.

I think those same opportunities will exist during this downturn as well. You’ll have to pay very close attention to not only the books, but the accompanying notes to the books, especially in those companies involved with any off book transactions. The other question I would ask is: Corporate bonds or corporate stocks? Is yours to be a buy and hold strategy, or are you looking for one of those type situations where a company is incorrectly valued and represents a steal on the stock side of the equation?

[Allan from Fallbrook]

Bubblesitter: I think there are going to be some excellent opportunities for the sharp investor out there. The problem you have is that any serious effort at due diligence is going to be hampered by what you don’t see, meaning those potentially toxic assets and liabilities that are “off book”.

The WSJ article referenced the fact that Ben Graham lost nearly 60% during the period 1930 – 1933. I’m a big fan of Graham’s, especially Graham’s Theorem for company valuation, and so is Warren Buffett. Buffett built Berkshire-Hathaway up through well placed bets on undervalued or misvalued companies.

I think those same opportunities will exist during this downturn as well. You’ll have to pay very close attention to not only the books, but the accompanying notes to the books, especially in those companies involved with any off book transactions. The other question I would ask is: Corporate bonds or corporate stocks? Is yours to be a buy and hold strategy, or are you looking for one of those type situations where a company is incorrectly valued and represents a steal on the stock side of the equation?

[Allan from Fallbrook]

Bubblesitter: I think there are going to be some excellent opportunities for the sharp investor out there. The problem you have is that any serious effort at due diligence is going to be hampered by what you don’t see, meaning those potentially toxic assets and liabilities that are “off book”.

The WSJ article referenced the fact that Ben Graham lost nearly 60% during the period 1930 – 1933. I’m a big fan of Graham’s, especially Graham’s Theorem for company valuation, and so is Warren Buffett. Buffett built Berkshire-Hathaway up through well placed bets on undervalued or misvalued companies.

I think those same opportunities will exist during this downturn as well. You’ll have to pay very close attention to not only the books, but the accompanying notes to the books, especially in those companies involved with any off book transactions. The other question I would ask is: Corporate bonds or corporate stocks? Is yours to be a buy and hold strategy, or are you looking for one of those type situations where a company is incorrectly valued and represents a steal on the stock side of the equation?

[Allan from Fallbrook]

Bubblesitter: I think there are going to be some excellent opportunities for the sharp investor out there. The problem you have is that any serious effort at due diligence is going to be hampered by what you don’t see, meaning those potentially toxic assets and liabilities that are “off book”.

The WSJ article referenced the fact that Ben Graham lost nearly 60% during the period 1930 – 1933. I’m a big fan of Graham’s, especially Graham’s Theorem for company valuation, and so is Warren Buffett. Buffett built Berkshire-Hathaway up through well placed bets on undervalued or misvalued companies.

I think those same opportunities will exist during this downturn as well. You’ll have to pay very close attention to not only the books, but the accompanying notes to the books, especially in those companies involved with any off book transactions. The other question I would ask is: Corporate bonds or corporate stocks? Is yours to be a buy and hold strategy, or are you looking for one of those type situations where a company is incorrectly valued and represents a steal on the stock side of the equation?

[Allan from Fallbrook]

Chris: If you want to open some eyes on this board, you should explain the purpose and function of the Plunge Protection Team (PPT).

I’m sure that most Pigg readers would find it very interesting and I’m equally sure that many of them have never heard of the PPT before.

[Allan from Fallbrook]

Chris: If you want to open some eyes on this board, you should explain the purpose and function of the Plunge Protection Team (PPT).

I’m sure that most Pigg readers would find it very interesting and I’m equally sure that many of them have never heard of the PPT before.

[Allan from Fallbrook]

Chris: If you want to open some eyes on this board, you should explain the purpose and function of the Plunge Protection Team (PPT).

I’m sure that most Pigg readers would find it very interesting and I’m equally sure that many of them have never heard of the PPT before.

[Allan from Fallbrook]

Chris: If you want to open some eyes on this board, you should explain the purpose and function of the Plunge Protection Team (PPT).

I’m sure that most Pigg readers would find it very interesting and I’m equally sure that many of them have never heard of the PPT before.

[Author]

Posts