It is truly amazing that Gigi has always managed to buy at the low and sell at the high.
He must have attended this guy's school of economics.
Posted on 12/15/2006 7:26:05 AM PST by conservativecorner
And after all those expenses you incur borrowing from credit cards to buy gold on margin, I imagine you're pocketing a princely 2-3% in annualized returns. If inflation is 8.5%, like you claim, you're getting your butt kicked and you are too stupid to realize it. But, like we always tell you, math is not for everyone.
And if they are, given the dirth (sic) of intelligence represented in your robotic posts
Tell us about those triple deficits again Mensa. LOL!
Investing in gold does nothing to help the economy. It doesn't supply capital to expand business nor does it help to create new technologies. It just sits there waiting for bad things to happen to society so you may profit. Placing profit before people. That's what you do. Doesn't sound very moral or patriotic to me. Maybe you shouldn't be lecturing anyone about either of them, hypocrite.
It is truly amazing that Gigi has always managed to buy at the low and sell at the high.
He must have attended this guy's school of economics.
We must kill these greedy owners of capital. Just a bunch of blood sucking kulaks.
I wonder why Roach doesn't include benefits?
this has proved to be a veritable bonanza for the return to capital -- pushing the profits share of national income in the major countries of the industrial world to historical highs of 15.6% in 2Q06.
Yeah, it's too bad none of the little people own any of the stock of companies with profits.
Over the five-year, 2001-05 period, real compensation per hour in the nonfarm business sector expanded at just a 1.4% average annual rate
Real compensation (that's adjusted for inflation for you poor math students) expanded? And I thought globalization sent all our high paying jobs to China.
Too bad about the low inflation number. If only the market were as smart as you, they'd know the real inflation rate was 8%.
Interesting article bump.
Maybe if they had to piss in a bucket, like Gigi, rather than comfy indoor plumbing, they'd have the focus needed to recognize the true 8% inflation rate.
After all, the man with the bucket by his bedside is right, and the entire bond market is wrong.
"And after all those expenses you incur borrowing from credit cards to buy gold on margin..."
Ahhh....you don't buy gold on margin if you are dealing with serious money. Margin is the kiss of death when dealing with highly volatile commods...
But, of course, you wouldn't know that...
"We must kill these greedy owners of capital. Just a bunch of blood sucking kulaks."
That wasn't even worthy of argument.
~And I have a degree in Russian Studies from 1965 besides other degrees I currently hold.
ROFL!
So when you agreed with that line, you didn't think that was a bad thing?
Maybe you should explain that to your comrade in doom, Gigi, since he's the one here buying gold on margin with debt incurred from credit card advances. That's the problem. Gigi doesn't have serious money. But he does pretend to be someone who does on FR.
But, of course, you wouldn't know that...
I'm not the one buying gold on margin. If you could read and comprehend you'd know that.
We are commenting on a subject while not having to be within the industry. It's called research.
Gigi's the one who erroneously accused others of being in a specific industry. You are free to comment all you want.
It's called research.
That's something we see precious little of from your side of the argument. Unless you consider feelings research.
I'm willing to discuss any economic number you desire with supporting documentation. I've thrown down the glove, so pick it up or step aside concerning "feelings".
From the article:
"Don’t confuse this prognosis with advocacy. Many of these potential developments, especially a drift toward protectionism, are without any redeeming merit, in my view. But this is what happens when trends go to extremes. In free-market systems, the pendulum of economic power then invariably swings the other way. An era of localization will undoubtedly have more frictions than the unfettered strain of capitalism and globalization that has been so dominant over the past decade. The big question, in my view, pertains mainly to degree -- how far the pendulum swings from globalization to localization. The answer rests with politics. The repercussions lie in economics."
You essentially restate his conclusion, albeit sarcastically. In his scenario, the politicians essentially claim what you assert, and then act on it. That should be a warning to us all about the prospective programme of the Democrats particularly, although the Pubbies will be quick to pander, as well.
More heavy lifting from the challenged ones. LOL! Thank you for pointing out that Roach is a globalist.
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