Posted on 08/18/2011 1:10:01 PM PDT by blam
Has any President ever before attempted to so casually divorce himself from the practical consequences of his policies, or to blame them on malign influences beyond his control? And even if one of Obama’s predecessors in office attempted in a moment of weakness to shift the blame in such a manner, who else among them ever secretly wished the result he had brought about?
I’m thinking he may have a nervous breakdown before Thanksgiving.
ROFLOL!!!!
You’re in my prayers - thanks for sharing.
I keep thinking dems will sacrifice the country in order to have the economy humming by election day... they only care about their own reelection ...
This December will mark the 5 year anniversary of my moving to 100% cash position with no money in the stock market. Back in December of 2006, I had absolutely no clue I would still be on the sidelines 5 years later. I thought I would have been back in by now.
As an aside, I sleep soundly at night knowing I have a guaranteed return of capital.
That's the deal with sovereign debt, it's a personal loan to a drunk.
No collateral, nothing but a promise.
And no hope of ever seeing your money again.
Your “guaranteed return of capital” so far has been a guaranteed loss of purchasing power, which looks to continue if not accelerate over the long term. Normally the dollar gains a lot in market crashes. But not in the last two weeks, which is ominous.
What was his training/degree?
In this world you have to be able to actually DO something that people want done.
Things are a lot tougher than anything any of us have ever seen.
My loss has been less than any of my family or friends who stayed in the market. I know people who rode Bank of America down from $50. What is is now? $7?
I’ll take my modest loss of purchasing power, thank you. There aren’t any good options now, unless you bought a vault of gold back at $500/oz. The rest of us are just trying to keep from losing our asses. The stock market isn’t the place to accomplish that goal unless you are a day trader, careful, and shrewd/lucky. Your typical buy-and-hold average investor with mutual funds or stocks in the market has been slaughter and is poised to take another beating.
Yes I am losing purchasing power, but that is about the best I can do right now. My risk is very slight and that is my strategy. Return of capital.
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