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bsrsharma
ParticipantWhen the market stabilizes, I think it will reach a equilibrium price of between 250 – 300K. You may have to wait upto an year for your beer.
ParticipantWhen the market stabilizes, I think it will reach a equilibrium price of between 250 – 300K. You may have to wait upto an year for your beer.
Participantpatrick.net is fantastic too
Participantpatrick.net is fantastic too
ParticipantHow does this work?
Can I just walk out anytime i.e. change my mind to “Not Own” it? If yes, then it is just a indefinite “lease”; If not, it is a major pain. Either way, if there is no mortgage in your name, nothing can stick to you if you decide to walk out. If they don’t ask for a down payment, I should have no issue signing up.
ParticipantHow does this work?
Can I just walk out anytime i.e. change my mind to “Not Own” it? If yes, then it is just a indefinite “lease”; If not, it is a major pain. Either way, if there is no mortgage in your name, nothing can stick to you if you decide to walk out. If they don’t ask for a down payment, I should have no issue signing up.
Participant“If the Tsar and the Nazis couldn’t defeat us, and we caught up with our missiles even though we were devastated by the Wehrmacht, and we bluffed JFK during the Cold War, I have a problem believing some medieval Afghan ragheads and a brainless twit like Ronald Reagan will do us in.” — some Bolshevik.
Dr Chaos, Since you seem to like Catastrophe theories, I can tell what my probable Catastrophe would be:
1. “raghead” problem you alluded above. It has costed US upwards of a Trillion $ and a wasted decade fighting the islamic terrorism induced wars.
2. The real iceberg that may sink the Titanic is the coming retirement of baby boomers during 2010s – 2020s. As they start drawing down on savings, investments, social security & medicare and stop paying taxes, government budgets and overall economy will get hit by a slow moving tsunami.
I think 1 & 2 are going to impact us more than China or Mexico (illegal immigration)
Participant“If the Tsar and the Nazis couldn’t defeat us, and we caught up with our missiles even though we were devastated by the Wehrmacht, and we bluffed JFK during the Cold War, I have a problem believing some medieval Afghan ragheads and a brainless twit like Ronald Reagan will do us in.” — some Bolshevik.
Dr Chaos, Since you seem to like Catastrophe theories, I can tell what my probable Catastrophe would be:
1. “raghead” problem you alluded above. It has costed US upwards of a Trillion $ and a wasted decade fighting the islamic terrorism induced wars.
2. The real iceberg that may sink the Titanic is the coming retirement of baby boomers during 2010s – 2020s. As they start drawing down on savings, investments, social security & medicare and stop paying taxes, government budgets and overall economy will get hit by a slow moving tsunami.
I think 1 & 2 are going to impact us more than China or Mexico (illegal immigration)
Participant“The Chinese don’t care if they lose half or all their dollars.”
Why do you think so? You seem to suggest Chinese enjoy being our slaves.
I can’t fathom your logic that it is in China’s interest that we self-destruct. It is also amusing to think that what Soviet Union couldn’t achieve in 50 years using nuclear weapons can be achieved (by China, if we believe your theory) in shorter time by dumping cheap goods.
BTW, Japanese, Europeans etc., are all building factories there. So it is not just US. To extend your logic, Japan, Europe would also self-destruct by importing cheaper goods.
Europe produces excellent aircraft; Russia produces OK aircraft. Brazil & Canada make good smaller aircraft. We don’t have a huge monopoly in aerospace.
I guess I can’t connect the dots and see any pattern. If OPEC didn’t kill us in ’70s, Soviets didn’t blow us up during Cold War, I have problem believing Wal-mart will do us in.
Participant“The Chinese don’t care if they lose half or all their dollars.”
Why do you think so? You seem to suggest Chinese enjoy being our slaves.
I can’t fathom your logic that it is in China’s interest that we self-destruct. It is also amusing to think that what Soviet Union couldn’t achieve in 50 years using nuclear weapons can be achieved (by China, if we believe your theory) in shorter time by dumping cheap goods.
BTW, Japanese, Europeans etc., are all building factories there. So it is not just US. To extend your logic, Japan, Europe would also self-destruct by importing cheaper goods.
Europe produces excellent aircraft; Russia produces OK aircraft. Brazil & Canada make good smaller aircraft. We don’t have a huge monopoly in aerospace.
I guess I can’t connect the dots and see any pattern. If OPEC didn’t kill us in ’70s, Soviets didn’t blow us up during Cold War, I have problem believing Wal-mart will do us in.
Participant“the US debit that the Chinese owns he thinks is going to be dumped within the next 15 years.”
May be or may not be; what is his rationale? They can “dump” anytime they want; I would call it redeeming their loans. Since when is it so bad? If any thing, I think they are stupid to hold on to so much $ reserves instead of spreading the risk among top dozen or so stable currencies. May be they like to keep $ strong, but that is no crime. Japan has been doing it for 50 years and is our best buddy in Asia.
“Once the middle class in those countries is built up…he believes the debit will be dumped.”
What is the connection to “middle class”? If they want strong $ to help with their exports, that is a mercantile decision not connected with internal class mobility.
” In his words…he said that the Chinese do not give a crap about Americans.”
Do you give a “crap” about Wal-mart, Costco, Dell? Then why should they?
Do the OPEC countries give a “crap about Americans”? but we buy a lot of oil from them. There is lot more Petro$ invested than Sino$. Who said you have to “Love” your merchant/customer? Business is all about mutual advantage and benefit, not emotion.
Participant“the US debit that the Chinese owns he thinks is going to be dumped within the next 15 years.”
May be or may not be; what is his rationale? They can “dump” anytime they want; I would call it redeeming their loans. Since when is it so bad? If any thing, I think they are stupid to hold on to so much $ reserves instead of spreading the risk among top dozen or so stable currencies. May be they like to keep $ strong, but that is no crime. Japan has been doing it for 50 years and is our best buddy in Asia.
“Once the middle class in those countries is built up…he believes the debit will be dumped.”
What is the connection to “middle class”? If they want strong $ to help with their exports, that is a mercantile decision not connected with internal class mobility.
” In his words…he said that the Chinese do not give a crap about Americans.”
Do you give a “crap” about Wal-mart, Costco, Dell? Then why should they?
Do the OPEC countries give a “crap about Americans”? but we buy a lot of oil from them. There is lot more Petro$ invested than Sino$. Who said you have to “Love” your merchant/customer? Business is all about mutual advantage and benefit, not emotion.
ParticipantBefore getting all excited about that 5% yield, remember, anyone investing in billions of $ (like Central Banks) want absolute certainty that their PRINCIPAL is safe and secure! That Emigrant Direct savings account is only insured up to $100,000 by FDIC. Anything beyond that can just “emigrate away” if the bank goes belly up!
And you need a really big mattress to put a billion $ in Ben Franklins under it.
So it boils down to currency risk diversification, preservation of principal and practicality.
ParticipantBefore getting all excited about that 5% yield, remember, anyone investing in billions of $ (like Central Banks) want absolute certainty that their PRINCIPAL is safe and secure! That Emigrant Direct savings account is only insured up to $100,000 by FDIC. Anything beyond that can just “emigrate away” if the bank goes belly up!
And you need a really big mattress to put a billion $ in Ben Franklins under it.
So it boils down to currency risk diversification, preservation of principal and practicality.
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