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peterb
ParticipantThis is all delaying tactics and trying to make sure people dont go postal over all this. Just think if they didnt do anything at all??!
But I think the Fed is figuring out that the market cant really be denied. It will take massive intervention from Congress to stop the carnage, and even then I think it will result in the US$ getting slaughtered. But who knows.Oh, buying when it’s low and selling when it’s going up is not “buying and holding”, unless you’re talking about trading in a cycle.
peterb
ParticipantThis is all delaying tactics and trying to make sure people dont go postal over all this. Just think if they didnt do anything at all??!
But I think the Fed is figuring out that the market cant really be denied. It will take massive intervention from Congress to stop the carnage, and even then I think it will result in the US$ getting slaughtered. But who knows.Oh, buying when it’s low and selling when it’s going up is not “buying and holding”, unless you’re talking about trading in a cycle.
peterb
ParticipantThis is all delaying tactics and trying to make sure people dont go postal over all this. Just think if they didnt do anything at all??!
But I think the Fed is figuring out that the market cant really be denied. It will take massive intervention from Congress to stop the carnage, and even then I think it will result in the US$ getting slaughtered. But who knows.Oh, buying when it’s low and selling when it’s going up is not “buying and holding”, unless you’re talking about trading in a cycle.
peterb
ParticipantI had three houses I sold in early 2007 because I had been to a seminar in late 2005 where the guy made an excellent case for the market crashing. I checked his data and it was happening just the way he said it would. So I got out as I could see the market stalling, big time. But his analysis was that in a good case scenario the RE market in CA would correct about 35% in the aggregate. It would take about 4 years total. He did say in a worst case scenario we’d have financial melt-down and market chaos. I figured the worse case scenario was real tin-foil-hat stuff as I’d heard it all before and it never really happend. Well, guess what, it looks shockingly real this time. And some very sharp guys are calling it now.
I still remember thinking that $1000 for the seminar seemed expensive, but I thought he was a smart guy and worth listening to. BEST $1000 I EVER SPENT!! And I learned from him and a few other sharp guys that spending a few hundred on a seminar or newsletter is by far the absolutely cheapest way you’ll ever learn anything in this world. Bubblevision is udder Bull nonsense and actually misleading.
I still hope these guys are not correct, but it sure looks like it. Hard core deflation is no one’s friend. It’ll really suck for us all if it keeps gaining momentum.peterb
ParticipantI had three houses I sold in early 2007 because I had been to a seminar in late 2005 where the guy made an excellent case for the market crashing. I checked his data and it was happening just the way he said it would. So I got out as I could see the market stalling, big time. But his analysis was that in a good case scenario the RE market in CA would correct about 35% in the aggregate. It would take about 4 years total. He did say in a worst case scenario we’d have financial melt-down and market chaos. I figured the worse case scenario was real tin-foil-hat stuff as I’d heard it all before and it never really happend. Well, guess what, it looks shockingly real this time. And some very sharp guys are calling it now.
I still remember thinking that $1000 for the seminar seemed expensive, but I thought he was a smart guy and worth listening to. BEST $1000 I EVER SPENT!! And I learned from him and a few other sharp guys that spending a few hundred on a seminar or newsletter is by far the absolutely cheapest way you’ll ever learn anything in this world. Bubblevision is udder Bull nonsense and actually misleading.
I still hope these guys are not correct, but it sure looks like it. Hard core deflation is no one’s friend. It’ll really suck for us all if it keeps gaining momentum.peterb
ParticipantI had three houses I sold in early 2007 because I had been to a seminar in late 2005 where the guy made an excellent case for the market crashing. I checked his data and it was happening just the way he said it would. So I got out as I could see the market stalling, big time. But his analysis was that in a good case scenario the RE market in CA would correct about 35% in the aggregate. It would take about 4 years total. He did say in a worst case scenario we’d have financial melt-down and market chaos. I figured the worse case scenario was real tin-foil-hat stuff as I’d heard it all before and it never really happend. Well, guess what, it looks shockingly real this time. And some very sharp guys are calling it now.
I still remember thinking that $1000 for the seminar seemed expensive, but I thought he was a smart guy and worth listening to. BEST $1000 I EVER SPENT!! And I learned from him and a few other sharp guys that spending a few hundred on a seminar or newsletter is by far the absolutely cheapest way you’ll ever learn anything in this world. Bubblevision is udder Bull nonsense and actually misleading.
I still hope these guys are not correct, but it sure looks like it. Hard core deflation is no one’s friend. It’ll really suck for us all if it keeps gaining momentum.peterb
ParticipantI had three houses I sold in early 2007 because I had been to a seminar in late 2005 where the guy made an excellent case for the market crashing. I checked his data and it was happening just the way he said it would. So I got out as I could see the market stalling, big time. But his analysis was that in a good case scenario the RE market in CA would correct about 35% in the aggregate. It would take about 4 years total. He did say in a worst case scenario we’d have financial melt-down and market chaos. I figured the worse case scenario was real tin-foil-hat stuff as I’d heard it all before and it never really happend. Well, guess what, it looks shockingly real this time. And some very sharp guys are calling it now.
I still remember thinking that $1000 for the seminar seemed expensive, but I thought he was a smart guy and worth listening to. BEST $1000 I EVER SPENT!! And I learned from him and a few other sharp guys that spending a few hundred on a seminar or newsletter is by far the absolutely cheapest way you’ll ever learn anything in this world. Bubblevision is udder Bull nonsense and actually misleading.
I still hope these guys are not correct, but it sure looks like it. Hard core deflation is no one’s friend. It’ll really suck for us all if it keeps gaining momentum.peterb
ParticipantI had three houses I sold in early 2007 because I had been to a seminar in late 2005 where the guy made an excellent case for the market crashing. I checked his data and it was happening just the way he said it would. So I got out as I could see the market stalling, big time. But his analysis was that in a good case scenario the RE market in CA would correct about 35% in the aggregate. It would take about 4 years total. He did say in a worst case scenario we’d have financial melt-down and market chaos. I figured the worse case scenario was real tin-foil-hat stuff as I’d heard it all before and it never really happend. Well, guess what, it looks shockingly real this time. And some very sharp guys are calling it now.
I still remember thinking that $1000 for the seminar seemed expensive, but I thought he was a smart guy and worth listening to. BEST $1000 I EVER SPENT!! And I learned from him and a few other sharp guys that spending a few hundred on a seminar or newsletter is by far the absolutely cheapest way you’ll ever learn anything in this world. Bubblevision is udder Bull nonsense and actually misleading.
I still hope these guys are not correct, but it sure looks like it. Hard core deflation is no one’s friend. It’ll really suck for us all if it keeps gaining momentum.September 16, 2008 at 7:28 PM in reply to: How’s everyone feeling these days about the economy? #271110peterb
ParticipantJosh, I’ve rarely had an original thought in my whole life. This is analysis from the likes of Bob Hoye, Marc Faber, and basically the Austrian school of economics. There’s a lot of historical evidence that points to this happening.
They’ve been saying that for about a year now and it seems to be unfolding this way. The US$ will be strong for another couple of months. Gold will bottom in a month or so, then rise for two years at least. This has happened after two other historical credit bubbles have burst.
September 16, 2008 at 7:28 PM in reply to: How’s everyone feeling these days about the economy? #271346peterb
ParticipantJosh, I’ve rarely had an original thought in my whole life. This is analysis from the likes of Bob Hoye, Marc Faber, and basically the Austrian school of economics. There’s a lot of historical evidence that points to this happening.
They’ve been saying that for about a year now and it seems to be unfolding this way. The US$ will be strong for another couple of months. Gold will bottom in a month or so, then rise for two years at least. This has happened after two other historical credit bubbles have burst.
September 16, 2008 at 7:28 PM in reply to: How’s everyone feeling these days about the economy? #271359peterb
ParticipantJosh, I’ve rarely had an original thought in my whole life. This is analysis from the likes of Bob Hoye, Marc Faber, and basically the Austrian school of economics. There’s a lot of historical evidence that points to this happening.
They’ve been saying that for about a year now and it seems to be unfolding this way. The US$ will be strong for another couple of months. Gold will bottom in a month or so, then rise for two years at least. This has happened after two other historical credit bubbles have burst.
September 16, 2008 at 7:28 PM in reply to: How’s everyone feeling these days about the economy? #271397peterb
ParticipantJosh, I’ve rarely had an original thought in my whole life. This is analysis from the likes of Bob Hoye, Marc Faber, and basically the Austrian school of economics. There’s a lot of historical evidence that points to this happening.
They’ve been saying that for about a year now and it seems to be unfolding this way. The US$ will be strong for another couple of months. Gold will bottom in a month or so, then rise for two years at least. This has happened after two other historical credit bubbles have burst.
September 16, 2008 at 7:28 PM in reply to: How’s everyone feeling these days about the economy? #271422peterb
ParticipantJosh, I’ve rarely had an original thought in my whole life. This is analysis from the likes of Bob Hoye, Marc Faber, and basically the Austrian school of economics. There’s a lot of historical evidence that points to this happening.
They’ve been saying that for about a year now and it seems to be unfolding this way. The US$ will be strong for another couple of months. Gold will bottom in a month or so, then rise for two years at least. This has happened after two other historical credit bubbles have burst.
September 16, 2008 at 7:21 PM in reply to: So How Would You Define Our Economic Ideology Now? #271095peterb
ParticipantWe never were truely capitalist. Protectionism, subsidies, special contracts….the list goes on and on. It’s just more obvious today because a lot has been done in the last couple of weeks to rescue the world from too fast a melt-down.
Does anyone ever wonder why whatever “system” name is used, there’s always the end result of an elite group that highly resembles an aristocracy? USSR had it, Europes’ got it, we’ve got it, Chinese have it. Central and South America…doesnt really matter the name, it’s the end result.
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