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November 4, 2008 at 4:08 PM in reply to: Easy money on next leg down, second Fool’s Rally progressing as expected #298623November 4, 2008 at 4:08 PM in reply to: Easy money on next leg down, second Fool’s Rally progressing as expected #298973
kewp
Participant[quote=fat_lazy_union_worker]
I always thought in an deflation, everything comes down, including gold.What do I know, though.[/quote]
You are probably right, but perhaps not for the reasons you think.
There will less industrial demand for gold in a high unemployment, deflationary environment. Additionally, there will be less speculative demand as many people will be spending what little money they have on the basics.
Additionally, as has been mentioned, there is a tremendous scramble for cash amongst leveraged hedge funds to cover redemptions and margin calls. Many are unloading lucrative gold positions to cover their bad bets.
November 4, 2008 at 4:08 PM in reply to: Easy money on next leg down, second Fool’s Rally progressing as expected #298984Participant[quote=fat_lazy_union_worker]
I always thought in an deflation, everything comes down, including gold.What do I know, though.[/quote]
You are probably right, but perhaps not for the reasons you think.
There will less industrial demand for gold in a high unemployment, deflationary environment. Additionally, there will be less speculative demand as many people will be spending what little money they have on the basics.
Additionally, as has been mentioned, there is a tremendous scramble for cash amongst leveraged hedge funds to cover redemptions and margin calls. Many are unloading lucrative gold positions to cover their bad bets.
November 4, 2008 at 4:08 PM in reply to: Easy money on next leg down, second Fool’s Rally progressing as expected #299000Participant[quote=fat_lazy_union_worker]
I always thought in an deflation, everything comes down, including gold.What do I know, though.[/quote]
You are probably right, but perhaps not for the reasons you think.
There will less industrial demand for gold in a high unemployment, deflationary environment. Additionally, there will be less speculative demand as many people will be spending what little money they have on the basics.
Additionally, as has been mentioned, there is a tremendous scramble for cash amongst leveraged hedge funds to cover redemptions and margin calls. Many are unloading lucrative gold positions to cover their bad bets.
November 4, 2008 at 4:08 PM in reply to: Easy money on next leg down, second Fool’s Rally progressing as expected #299047Participant[quote=fat_lazy_union_worker]
I always thought in an deflation, everything comes down, including gold.What do I know, though.[/quote]
You are probably right, but perhaps not for the reasons you think.
There will less industrial demand for gold in a high unemployment, deflationary environment. Additionally, there will be less speculative demand as many people will be spending what little money they have on the basics.
Additionally, as has been mentioned, there is a tremendous scramble for cash amongst leveraged hedge funds to cover redemptions and margin calls. Many are unloading lucrative gold positions to cover their bad bets.
November 4, 2008 at 3:33 PM in reply to: A thought on future housing prices due to something we take for granted: water #298583ParticipantIs there a market for water futures?
November 4, 2008 at 3:33 PM in reply to: A thought on future housing prices due to something we take for granted: water #298933ParticipantIs there a market for water futures?
November 4, 2008 at 3:33 PM in reply to: A thought on future housing prices due to something we take for granted: water #298944ParticipantIs there a market for water futures?
November 4, 2008 at 3:33 PM in reply to: A thought on future housing prices due to something we take for granted: water #298960ParticipantIs there a market for water futures?
November 4, 2008 at 3:33 PM in reply to: A thought on future housing prices due to something we take for granted: water #299007ParticipantIs there a market for water futures?
November 3, 2008 at 8:05 AM in reply to: Guy has a good example as to why Obamanomics won’t work. #297217Participant[quote=fat_lazy_union_worker]
Oh, I don’t hate you. I guess I misread what you were trying to say. I wasn’t suggesting public workers are getting pampered. It seemed to suggest that you were suggesting they should.
[/quote]In a nutshell, my point is that the pension plan helps to balance out the lower salaries, lack of 401k/bonuses and other problems of the public sector.
November 3, 2008 at 8:05 AM in reply to: Guy has a good example as to why Obamanomics won’t work. #297562Participant[quote=fat_lazy_union_worker]
Oh, I don’t hate you. I guess I misread what you were trying to say. I wasn’t suggesting public workers are getting pampered. It seemed to suggest that you were suggesting they should.
[/quote]In a nutshell, my point is that the pension plan helps to balance out the lower salaries, lack of 401k/bonuses and other problems of the public sector.
November 3, 2008 at 8:05 AM in reply to: Guy has a good example as to why Obamanomics won’t work. #297576Participant[quote=fat_lazy_union_worker]
Oh, I don’t hate you. I guess I misread what you were trying to say. I wasn’t suggesting public workers are getting pampered. It seemed to suggest that you were suggesting they should.
[/quote]In a nutshell, my point is that the pension plan helps to balance out the lower salaries, lack of 401k/bonuses and other problems of the public sector.
November 3, 2008 at 8:05 AM in reply to: Guy has a good example as to why Obamanomics won’t work. #297589Participant[quote=fat_lazy_union_worker]
Oh, I don’t hate you. I guess I misread what you were trying to say. I wasn’t suggesting public workers are getting pampered. It seemed to suggest that you were suggesting they should.
[/quote]In a nutshell, my point is that the pension plan helps to balance out the lower salaries, lack of 401k/bonuses and other problems of the public sector.
November 3, 2008 at 8:05 AM in reply to: Guy has a good example as to why Obamanomics won’t work. #297634Participant[quote=fat_lazy_union_worker]
Oh, I don’t hate you. I guess I misread what you were trying to say. I wasn’t suggesting public workers are getting pampered. It seemed to suggest that you were suggesting they should.
[/quote]In a nutshell, my point is that the pension plan helps to balance out the lower salaries, lack of 401k/bonuses and other problems of the public sector.
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