[stockstradr]

I have one more comment:

vkailas quoted:

“there is no fundamental advantage to borrowing or lending in one currency over another.”

My reponse:
If you really believe THAT, then I’m now starting to completely lose respect for you.

What do you think George Soros would reply to your quote, a man who proved that quote wrong and also made BILLIONS for himself and his hedge fund investors in the currency markets.

My wife and I bought an investment property in China because we not only wanted our money out of dollars and into RMB, we also wanted some leverage which we got to the tune of 5X through a 20% down mortgage from a Chinese bank.

Since we did that a few years ago, the RMB to $ exchange rate has moved 20% in our favor, moving in the direction that anyone with any economic common sense knew it would. And it has much much farther to move. There IS advantage in many situations to borrowing in another currency, particularly when you are economically sharp enough to look at global economics and predict future monetary flows driving currency rates.

I know plenty of smart people who are buying CD’s in RMB from Chinese banks. Smart move. The rate is lower, but when combined with the RMB vs $ exchange rate moves, it works out well.

[stockstradr]

I have one more comment:

vkailas quoted:

“there is no fundamental advantage to borrowing or lending in one currency over another.”

My reponse:
If you really believe THAT, then I’m now starting to completely lose respect for you.

What do you think George Soros would reply to your quote, a man who proved that quote wrong and also made BILLIONS for himself and his hedge fund investors in the currency markets.

My wife and I bought an investment property in China because we not only wanted our money out of dollars and into RMB, we also wanted some leverage which we got to the tune of 5X through a 20% down mortgage from a Chinese bank.

Since we did that a few years ago, the RMB to $ exchange rate has moved 20% in our favor, moving in the direction that anyone with any economic common sense knew it would. And it has much much farther to move. There IS advantage in many situations to borrowing in another currency, particularly when you are economically sharp enough to look at global economics and predict future monetary flows driving currency rates.

I know plenty of smart people who are buying CD’s in RMB from Chinese banks. Smart move. The rate is lower, but when combined with the RMB vs $ exchange rate moves, it works out well.

[stockstradr]

I have one more comment:

vkailas quoted:

“there is no fundamental advantage to borrowing or lending in one currency over another.”

My reponse:
If you really believe THAT, then I’m now starting to completely lose respect for you.

What do you think George Soros would reply to your quote, a man who proved that quote wrong and also made BILLIONS for himself and his hedge fund investors in the currency markets.

My wife and I bought an investment property in China because we not only wanted our money out of dollars and into RMB, we also wanted some leverage which we got to the tune of 5X through a 20% down mortgage from a Chinese bank.

Since we did that a few years ago, the RMB to $ exchange rate has moved 20% in our favor, moving in the direction that anyone with any economic common sense knew it would. And it has much much farther to move. There IS advantage in many situations to borrowing in another currency, particularly when you are economically sharp enough to look at global economics and predict future monetary flows driving currency rates.

I know plenty of smart people who are buying CD’s in RMB from Chinese banks. Smart move. The rate is lower, but when combined with the RMB vs $ exchange rate moves, it works out well.

[stockstradr]

vkailas writes:

I believe that this is an actually an extremely good time to invest in the US stock market through an index fund.

stockstradr writes:

I agree completely with that sentiment. You’ve got an original poster who, after the markets have fallen 20% (since Oct ’07) wants a “safe” place to park their money to ride out the storm.

What?

(I’ll assume for the moment that the original poster is not approaching retirement, so can handle some risk beyond simply buying CD’s.)

Now stocks are on a 20% off sale. I think the vkailas’ suggestion is a good one that this is EXACTLY the market situation where dollar cost averaging (continuing to buying stocks) can really pay off.

However, don’t conclude my comments above imply I agree with everything else that vkailas wrote in the post, or the others. I totally disagree with his views on the long-term strength of the US economy. Also, as for me personally throwing the darts and guessing the turn of the market, I think US stocks are at least 10% away from the bottom.

As for CD’s at those rates mentioned in this thread? I personally would NEVER buy such an investment product that is obviously paying much lower rates, relative to current inflation. That’s a strategy for watching the vale of your money DECLINE, in real terms.

[stockstradr]

vkailas writes:

I believe that this is an actually an extremely good time to invest in the US stock market through an index fund.

stockstradr writes:

I agree completely with that sentiment. You’ve got an original poster who, after the markets have fallen 20% (since Oct ’07) wants a “safe” place to park their money to ride out the storm.

What?

(I’ll assume for the moment that the original poster is not approaching retirement, so can handle some risk beyond simply buying CD’s.)

Now stocks are on a 20% off sale. I think the vkailas’ suggestion is a good one that this is EXACTLY the market situation where dollar cost averaging (continuing to buying stocks) can really pay off.

However, don’t conclude my comments above imply I agree with everything else that vkailas wrote in the post, or the others. I totally disagree with his views on the long-term strength of the US economy. Also, as for me personally throwing the darts and guessing the turn of the market, I think US stocks are at least 10% away from the bottom.

As for CD’s at those rates mentioned in this thread? I personally would NEVER buy such an investment product that is obviously paying much lower rates, relative to current inflation. That’s a strategy for watching the vale of your money DECLINE, in real terms.

[stockstradr]

vkailas writes:

I believe that this is an actually an extremely good time to invest in the US stock market through an index fund.

stockstradr writes:

I agree completely with that sentiment. You’ve got an original poster who, after the markets have fallen 20% (since Oct ’07) wants a “safe” place to park their money to ride out the storm.

What?

(I’ll assume for the moment that the original poster is not approaching retirement, so can handle some risk beyond simply buying CD’s.)

Now stocks are on a 20% off sale. I think the vkailas’ suggestion is a good one that this is EXACTLY the market situation where dollar cost averaging (continuing to buying stocks) can really pay off.

However, don’t conclude my comments above imply I agree with everything else that vkailas wrote in the post, or the others. I totally disagree with his views on the long-term strength of the US economy. Also, as for me personally throwing the darts and guessing the turn of the market, I think US stocks are at least 10% away from the bottom.

As for CD’s at those rates mentioned in this thread? I personally would NEVER buy such an investment product that is obviously paying much lower rates, relative to current inflation. That’s a strategy for watching the vale of your money DECLINE, in real terms.

[stockstradr]

vkailas writes:

I believe that this is an actually an extremely good time to invest in the US stock market through an index fund.

stockstradr writes:

I agree completely with that sentiment. You’ve got an original poster who, after the markets have fallen 20% (since Oct ’07) wants a “safe” place to park their money to ride out the storm.

What?

(I’ll assume for the moment that the original poster is not approaching retirement, so can handle some risk beyond simply buying CD’s.)

Now stocks are on a 20% off sale. I think the vkailas’ suggestion is a good one that this is EXACTLY the market situation where dollar cost averaging (continuing to buying stocks) can really pay off.

However, don’t conclude my comments above imply I agree with everything else that vkailas wrote in the post, or the others. I totally disagree with his views on the long-term strength of the US economy. Also, as for me personally throwing the darts and guessing the turn of the market, I think US stocks are at least 10% away from the bottom.

As for CD’s at those rates mentioned in this thread? I personally would NEVER buy such an investment product that is obviously paying much lower rates, relative to current inflation. That’s a strategy for watching the vale of your money DECLINE, in real terms.

[stockstradr]

vkailas writes:

I believe that this is an actually an extremely good time to invest in the US stock market through an index fund.

stockstradr writes:

I agree completely with that sentiment. You’ve got an original poster who, after the markets have fallen 20% (since Oct ’07) wants a “safe” place to park their money to ride out the storm.

What?

(I’ll assume for the moment that the original poster is not approaching retirement, so can handle some risk beyond simply buying CD’s.)

Now stocks are on a 20% off sale. I think the vkailas’ suggestion is a good one that this is EXACTLY the market situation where dollar cost averaging (continuing to buying stocks) can really pay off.

However, don’t conclude my comments above imply I agree with everything else that vkailas wrote in the post, or the others. I totally disagree with his views on the long-term strength of the US economy. Also, as for me personally throwing the darts and guessing the turn of the market, I think US stocks are at least 10% away from the bottom.

As for CD’s at those rates mentioned in this thread? I personally would NEVER buy such an investment product that is obviously paying much lower rates, relative to current inflation. That’s a strategy for watching the vale of your money DECLINE, in real terms.

[stockstradr]

Someone complains…

Seems like stocktradr left a trail to be calle don and at least this time it was right. May 1 post said market going lower. What has the market done. Gone lower. That is one example of being right.

OK, let’s recap.

🙂

Before it happens I tell you the market will fall 10%. I offer this while the market’s still on an upswing (instead of calling a downtrend after it has already resumed). Then the inflection point (downtrend resumes) follows my prediction by only two weeks.

I even tell you exactly what to buy, and had you bought those options you would be now up over 50%, and right on schedule.

Have I not made it easy enough for yah?

🙂

What do you want? Do you want me to put large stacks of hundred-dollar bills directly into your open palm? How about Fed Ex’ing bars of gold to your home? Would that work better for you?

I love you guys who always gotta post the flamer posts.

[stockstradr]

Someone complains…

Seems like stocktradr left a trail to be calle don and at least this time it was right. May 1 post said market going lower. What has the market done. Gone lower. That is one example of being right.

OK, let’s recap.

🙂

Before it happens I tell you the market will fall 10%. I offer this while the market’s still on an upswing (instead of calling a downtrend after it has already resumed). Then the inflection point (downtrend resumes) follows my prediction by only two weeks.

I even tell you exactly what to buy, and had you bought those options you would be now up over 50%, and right on schedule.

Have I not made it easy enough for yah?

🙂

What do you want? Do you want me to put large stacks of hundred-dollar bills directly into your open palm? How about Fed Ex’ing bars of gold to your home? Would that work better for you?

I love you guys who always gotta post the flamer posts.

[stockstradr]

Someone complains…

Seems like stocktradr left a trail to be calle don and at least this time it was right. May 1 post said market going lower. What has the market done. Gone lower. That is one example of being right.

OK, let’s recap.

🙂

Before it happens I tell you the market will fall 10%. I offer this while the market’s still on an upswing (instead of calling a downtrend after it has already resumed). Then the inflection point (downtrend resumes) follows my prediction by only two weeks.

I even tell you exactly what to buy, and had you bought those options you would be now up over 50%, and right on schedule.

Have I not made it easy enough for yah?

🙂

What do you want? Do you want me to put large stacks of hundred-dollar bills directly into your open palm? How about Fed Ex’ing bars of gold to your home? Would that work better for you?

I love you guys who always gotta post the flamer posts.

[stockstradr]

Someone complains…

Seems like stocktradr left a trail to be calle don and at least this time it was right. May 1 post said market going lower. What has the market done. Gone lower. That is one example of being right.

OK, let’s recap.

🙂

Before it happens I tell you the market will fall 10%. I offer this while the market’s still on an upswing (instead of calling a downtrend after it has already resumed). Then the inflection point (downtrend resumes) follows my prediction by only two weeks.

I even tell you exactly what to buy, and had you bought those options you would be now up over 50%, and right on schedule.

Have I not made it easy enough for yah?

🙂

What do you want? Do you want me to put large stacks of hundred-dollar bills directly into your open palm? How about Fed Ex’ing bars of gold to your home? Would that work better for you?

I love you guys who always gotta post the flamer posts.

[stockstradr]

Someone complains…

Seems like stocktradr left a trail to be calle don and at least this time it was right. May 1 post said market going lower. What has the market done. Gone lower. That is one example of being right.

OK, let’s recap.

🙂

Before it happens I tell you the market will fall 10%. I offer this while the market’s still on an upswing (instead of calling a downtrend after it has already resumed). Then the inflection point (downtrend resumes) follows my prediction by only two weeks.

I even tell you exactly what to buy, and had you bought those options you would be now up over 50%, and right on schedule.

Have I not made it easy enough for yah?

🙂

What do you want? Do you want me to put large stacks of hundred-dollar bills directly into your open palm? How about Fed Ex’ing bars of gold to your home? Would that work better for you?

I love you guys who always gotta post the flamer posts.

[stockstradr]

I tend to be gloom-and-doom oriented, but my predictions are often accurate.

So here’s my prediction on this recession.

Not only will this be a deep and long recession, but the USA will NEVER fully recover from it. This recession coincides (and is driven from) both a a credit cycle bottoming, AND an historic reordering of global economics, plus the end of the Age of Oil. The USA will be the loser in the New World Order, where the 3rd world rises and we fall, and the USA is least prepared for the end of the Age of Oil.

The recession will be global, for example, China’s GDP will be cut at least in half for a year or two; however, it is possible China’s GDP won’t go negative. So one could say I expect significantly lowered growth for China but not necessarily a painful recession. However, I see Asia quickly and fully recovering from this recession.

I think this reordering of global economic and political power could take ten years, but then the typical American will be left stunned at how dramatically our standard of living (and world political power) will have been reduced.

Case-in-point for a Typical American. You own a big SUV. You live in a big McMansion (mortgage underwater) that is a 100 mile commute from your job but in typical American fashion, mass transportation has never been built that can take you where you want to go.

Gas goes to $10/gallon, or it isn’t even available at all.

Even if you don’t lose your job (recession) you’ve got no cost-effective way to get to work. You’re screwed.

Oh, and let’s not forget that the dollar has by then ..say fallen to less than 1/10 of its value today.

So now you go to Walmart, but unfortunately all those made-in-China products are now expensive relative priced in a very weakened dollar.

I’m really afraid for the future of our country.

[stockstradr]

I tend to be gloom-and-doom oriented, but my predictions are often accurate.

So here’s my prediction on this recession.

Not only will this be a deep and long recession, but the USA will NEVER fully recover from it. This recession coincides (and is driven from) both a a credit cycle bottoming, AND an historic reordering of global economics, plus the end of the Age of Oil. The USA will be the loser in the New World Order, where the 3rd world rises and we fall, and the USA is least prepared for the end of the Age of Oil.

The recession will be global, for example, China’s GDP will be cut at least in half for a year or two; however, it is possible China’s GDP won’t go negative. So one could say I expect significantly lowered growth for China but not necessarily a painful recession. However, I see Asia quickly and fully recovering from this recession.

I think this reordering of global economic and political power could take ten years, but then the typical American will be left stunned at how dramatically our standard of living (and world political power) will have been reduced.

Case-in-point for a Typical American. You own a big SUV. You live in a big McMansion (mortgage underwater) that is a 100 mile commute from your job but in typical American fashion, mass transportation has never been built that can take you where you want to go.

Gas goes to $10/gallon, or it isn’t even available at all.

Even if you don’t lose your job (recession) you’ve got no cost-effective way to get to work. You’re screwed.

Oh, and let’s not forget that the dollar has by then ..say fallen to less than 1/10 of its value today.

So now you go to Walmart, but unfortunately all those made-in-China products are now expensive relative priced in a very weakened dollar.

I’m really afraid for the future of our country.

[Author]

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