Posted on 08/08/2005 5:22:46 AM PDT by OESY
I guess he ran for the tall grass.
More than likely they were needed or worth while otherwise they would not have been created by a free market economy.
Apples and oranges. We aren't responsible for other nations' job rates.
Nobody said we were responsible, but it is helpful to compare employment rates with other countries to get a general idea of the effectiveness of our policies.
Yeah, poor guy. Keeps making silly mistakes.
"For the week, two-year Treasury yields declined 8 basis points to 4.03%. Five-year government yields sank 10.5 basis points to 4.125%. Ten-year Treasury yields dropped 11 basis points for the week to 4.27%, and long-bond yields sank 13 basis points to 4.45%. The spread between 2 and 10-year government yields dropped 5 to 24. Benchmark Fannie Mae MBS yields sank 13 basis points, marginally outperforming Treasuries." From Credit Bubble Bulletin
by Doug Noland.
More "irrational exuberance."
What does your post have to do with Paul Ross and his silly mistakes?
The United States does not have free markets; we have a federally managed mess in the process of becoming an unmitigated disaster. Silly mistakes and irrational exuberance are the fraud behind "The Great American Jobs Machine".
Yes and No. Yes, things are not all THAT rosy; No, any bursting of the housing bubble will be local and, unlike Japan,we don't have as many eggs in that particular basket as they did. To be sure, the value of real estate in California and sundry places such as DC is WAY too high. Hopefully, many Californians will continue to take their equity and leave the state.
Well, you made a silly mistake when you said that unfunded liabilities will impact the nations household net worth.
Do you believe we are going to borrow ourselves into prosperity by manufacturing paper credit instruments to sell to people that are building things?
Considering that the financial stocks have higher earnings than the rest of the market and pay some of the higher salaries, I think they are an important part of our prosperity. And America manufactures more stuff every year. You can look it up.
Conversely, if the Fed tries to monetize the debt to save the debtors, then the creditors will be crushed by the ensuing inflation. Either way, a substantial amount of wealth is going to be erased.
Yes, creditors will be hurt by inflation. But how does inflation reduce our nations net worth?
And it is going to be exceedingly difficult to maintain investment positions to protect your wealth.
The S&P 500, for example, has done very well compared to inflation over the last 25 years. A lot better than gold has. And don't forget to include and reinvest those dividends.
The trend has run its course. Most of it has been on borrowed money resulting in inflation. One of the objects of investing is buy under-valued assets and to sell over-valued assets. The S&P is over-valued. A few years from now, the people that own or are buying gold now will use that gold to buy the S&P which will selling at half its present price. And speaking of price, you have some reading to do about inflation, price, value and purchasing power equivalents. There is a visible gap in your understanding.
Good luck in your investing. When your investing more closely parallels your politics, you will be fine. Investing and learning are not destinations, they are processes and goals. I'm less confident about the timing than the direction, but sometime in late fall or early winter-probably before the end of the year, I expect to see gold trade under $400. I expect to see the S&P in three digits before that. If you haven't done so, give some thought to taking 5-10% of what you have in stocks in profits or cutting some losses (whichever works best from tax planning and portfolio rebalancing) and holding the cash until gold trades under $400. Put 75-90% of that cash into gold and 50-75% of the rest into gold stocks that make up the HUI. I would put the balance into junior golds, watch Novagold (NG) in particular. If you do, by this time next year, your financial foundation, will be on a lot firmer ground.
Make a mental note to watch FreeRepublic after Labor Day for articles related to keywords: Reagan and/or patriot. I don't recognize the symbolism of the Toddster, but you will appreciate the relationship to patriot. I enjoyed the discussion, but am sorry that I couldn't help you to see the light.
I'm sorry, you mean the rate of increase has been declining. Classic lib trick.
Inflation as reflected in the price of gold? LOL!
And speaking of price, you have some reading to do about inflation, price, value and purchasing power equivalents. There is a visible gap in your understanding.
Sorry, you're incorrect. But please feel free to tell me where I've gone wrong.
I'm sorry, you mean the rate of increase has been declining. Classic lib trick.
Actually, he's even wrong from that point of view. The rate of growth increased the last 2 months. I think he realized it when I asked for his source. That's why he never responded. He's tired of me pointing out his silly errors.
Right now it takes almost three ounces of gold to buy the S&P. Sometime over the next five years, it will take an ounce or less to buy the S&P. An ounce of gold today, will still be an ounce of gold five years from now. It will be the S&P and the purchasing power of the dollar that will be changing.
Thanks for the prediction. Don't forget, in Jan 1980 an ounce of gold peaked at around $850 while the S&P was around 114. S&P increased almost 980% without including the dividend. Gold dropped about 50% and don't pay no dividend.
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