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Tone
ParticipantThe one thing I’m wondering is this:
Is oil really more expensive in real terms for everyone in the world, or is it just dollar inflation that is making oil more expensive for Americans?
ParticipantThe one thing I’m wondering is this:
Is oil really more expensive in real terms for everyone in the world, or is it just dollar inflation that is making oil more expensive for Americans?
ParticipantI had large six figure chunk of change ( after the sale of my home) sitting in B of A. I was looking to put some of my cash into a CD. They had a great CD rate that was available on the internet only and not at the local branches. Huh?
OK, so I went along with it. I tried moving my money into a CD using the internet but found the proceedure a little confusing and required what I felt was excessive documentation, especially since I already had an account.
I phoned B of A up and asked if they could give me the “internet only” rate since I already had an account. They steadfastly refused — even when I threatened to withdraw all of my money.
So I withdrew every last penny.
Maybe it’s cheaper for them to have customers open accounts on the internet, but sheesh — sorry to use a cliche but that’s penny wise, pound foolish. What a stupid business plan. I’ll never bank with them again.
Participant“All news, as it is called, is gossip, and they who edit and read it are old women over their tea.”
Henry David Thoreau
Participant“All news, as it is called, is gossip, and they who edit and read it are old women over their tea.”
Henry David Thoreau
Participant“All news, as it is called, is gossip, and they who edit and read it are old women over their tea.”
Henry David Thoreau
ParticipantXbox, I think you are right also.
I’m a complete novice and I’ve been trying to wrap my around what the Fed did today. I’ve got a great deal of money (relatively I’m sure ;)) tied into CDs while I wait to jump back into the housing market, and I don’t want my dollars to become worthless (which I fear is happening).
If I understand correctly, the Fed is just acting as the bank of last resort. No one in the upper echelons of finance knows how much risk is involved with bonds and hedge funds; how much toxic junk is embedded in which particular funds and who will be the bag holder on these funds. There is fear and as a result, the banks don’t trust each other’s credit, so everything is locking up. The Fed is stepping in to take on some of the risk by purchasing some debt, taking on risk, to get things moving. IF I understand correctly.
But the main question I have is this: Where is the Fed getting its money? Is it money in reserve or are they just cranking up the presses? If they’re cranking up the presses then the dollar just lost some value. But Bernake said his main concern is inflation (if you can believe anything the power brokers say).
Does anyone know if this will kick up inflation?ParticipantXbox, I think you are right also.
I’m a complete novice and I’ve been trying to wrap my around what the Fed did today. I’ve got a great deal of money (relatively I’m sure ;)) tied into CDs while I wait to jump back into the housing market, and I don’t want my dollars to become worthless (which I fear is happening).
If I understand correctly, the Fed is just acting as the bank of last resort. No one in the upper echelons of finance knows how much risk is involved with bonds and hedge funds; how much toxic junk is embedded in which particular funds and who will be the bag holder on these funds. There is fear and as a result, the banks don’t trust each other’s credit, so everything is locking up. The Fed is stepping in to take on some of the risk by purchasing some debt, taking on risk, to get things moving. IF I understand correctly.
But the main question I have is this: Where is the Fed getting its money? Is it money in reserve or are they just cranking up the presses? If they’re cranking up the presses then the dollar just lost some value. But Bernake said his main concern is inflation (if you can believe anything the power brokers say).
Does anyone know if this will kick up inflation?ParticipantXbox, I think you are right also.
I’m a complete novice and I’ve been trying to wrap my around what the Fed did today. I’ve got a great deal of money (relatively I’m sure ;)) tied into CDs while I wait to jump back into the housing market, and I don’t want my dollars to become worthless (which I fear is happening).
If I understand correctly, the Fed is just acting as the bank of last resort. No one in the upper echelons of finance knows how much risk is involved with bonds and hedge funds; how much toxic junk is embedded in which particular funds and who will be the bag holder on these funds. There is fear and as a result, the banks don’t trust each other’s credit, so everything is locking up. The Fed is stepping in to take on some of the risk by purchasing some debt, taking on risk, to get things moving. IF I understand correctly.
But the main question I have is this: Where is the Fed getting its money? Is it money in reserve or are they just cranking up the presses? If they’re cranking up the presses then the dollar just lost some value. But Bernake said his main concern is inflation (if you can believe anything the power brokers say).
Does anyone know if this will kick up inflation?ParticipantSD Realtor – Thanks for the tip. 🙂
You’re right. Venice Beach is a pretty interesting place. I’ve managed to get down there once actually. I just hate driving down there and finding parking. My wife and I tried to go out dinner last month, for example, and it took us 40 minutes to go about 5 miles up Sepulveda Blvd. from the Westchester area to Venice Blvd on a Friday evening. Sheesh. We just stay at home on the weekends now.
Navydoc – I’ve lived in Japan also! Now Tokyo — that’s the right way to design a city. It’s expensive, but everything is accessible.
The problem with LA is that is near as expensive as Tokyo or New York. You pay a premium for a first class city, but the city itself is not first class.
Sorry for the rant — but I’m having culture shock in Tinsel Town.
ParticipantSD Realtor – Thanks for the tip. 🙂
You’re right. Venice Beach is a pretty interesting place. I’ve managed to get down there once actually. I just hate driving down there and finding parking. My wife and I tried to go out dinner last month, for example, and it took us 40 minutes to go about 5 miles up Sepulveda Blvd. from the Westchester area to Venice Blvd on a Friday evening. Sheesh. We just stay at home on the weekends now.
Navydoc – I’ve lived in Japan also! Now Tokyo — that’s the right way to design a city. It’s expensive, but everything is accessible.
The problem with LA is that is near as expensive as Tokyo or New York. You pay a premium for a first class city, but the city itself is not first class.
Sorry for the rant — but I’m having culture shock in Tinsel Town.
ParticipantSD Realtor – Thanks for the tip. 🙂
You’re right. Venice Beach is a pretty interesting place. I’ve managed to get down there once actually. I just hate driving down there and finding parking. My wife and I tried to go out dinner last month, for example, and it took us 40 minutes to go about 5 miles up Sepulveda Blvd. from the Westchester area to Venice Blvd on a Friday evening. Sheesh. We just stay at home on the weekends now.
Navydoc – I’ve lived in Japan also! Now Tokyo — that’s the right way to design a city. It’s expensive, but everything is accessible.
The problem with LA is that is near as expensive as Tokyo or New York. You pay a premium for a first class city, but the city itself is not first class.
Sorry for the rant — but I’m having culture shock in Tinsel Town.
ParticipantWestside Rentals is a great source. You might also want to check the Argonaut, a local Westside paper that has rental listings.
http://www.argonautnewspaper.com/classifieds/
Oh, and welcome to LA. I’ve been here for two months (job relocation) and I absolutely must say it’s the worst the city I have ever lived in. Traffic is horrible, rent is so high for so little, utilities are outrageous, and the city has no culture.
Welcome! 🙂
ParticipantWestside Rentals is a great source. You might also want to check the Argonaut, a local Westside paper that has rental listings.
http://www.argonautnewspaper.com/classifieds/
Oh, and welcome to LA. I’ve been here for two months (job relocation) and I absolutely must say it’s the worst the city I have ever lived in. Traffic is horrible, rent is so high for so little, utilities are outrageous, and the city has no culture.
Welcome! 🙂
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