Search results

Awgee, ulc. Are you guys aware of the lawsuit being filed against the canadian banks that short the juniors? Rumor is that there will be blood.

China had their banks raise their dollar reserves in order to spur some more trade. <a href="http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/26/ccchina126.xml">http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/26/ccchina126.xml</a> Then mix in some Japanese...

<blockquote>As a nation we are consuming and investing about 6 percent more than we are producing. -Paul Volcker</blockquote>

I would stock up on the essentials.

If you don't mind price, Kotobuki by the Laguna Hills Mall (near Trader Joe's on El Toro) is by far the best tasting sushi I've had.

Guys, according to Greenspan, all we have to do is just trade down. For instance, if you used to buy steak, substitute hamburger. In my case, I have to trade in Spam for Fancy Feast.

I would say one of the homebuilders. Either Standard Pacific (SPF) or K Hovinian (HOV). In my tracking portfolio they are up almost 100% from their prices on Jan 8th, 2008.

I would go with banks that have low savings rates. I don't want them doling out money. I just want them to survive.

I have a question for those who were present during the 1980's when Volcker raised rates in 13% to fight inflation. What are you views on Volcker's policy to fight inflation by raising rates? Sentiment was against him during that time for axing so many jobs but looked with retrospect, he is put...

They are indeed doctored. Core-CPI doesn't include gas and food. I'm hearing $4-$5 gasoline is on our doorstep...

I never thought I would see the total purchase price of gas to go into the $100's. Those SUV's hold a LOT of gas. I also hear reports that all the holiday gift cards from this past Christmas are being used to purchase groceries. http://www.msnbc.msn.com/id/23046118/ Btw, gift cards...

etheran - what I was getting at is that I want the purchasing power of my $$ to remain stable to buy goods that i need. the dollar is buying less and less oil everyday. I don't mind oil going up (i ride my bike), but I am worried about the rest of my neighbors who drive big trucks and suvs.

I guess then you don't want either of the two evils (inflation/deflation) in a perfect world. Thank you for the explanation on deflation WINEX. Etheran - If my money could buy the same amount of groceries and gasoline that I need to get through my day, I wouldn't mind having it not grow...

I was always told that deflation is a bad thing because falling prices freezes up an economy. But what if you have no debt and have saved all your life? Doesn't deflation mean your money goes that much farther?

> The Japanese stood around and did nothing when their housing market collapse and are where they are at today? They stopped the rampant inflation, learned not to trust banks, saved their money, and are now poised to become a major exporter to China.

Adam: I too, am dumbfounded by what seems to me as an obvious choice for America's prosperity and a return to what is right. What gets me is McCain's response to Dr. Paul's question about the President's Working Group on Financial Markets that no one in the media seemed to focus on...

> Latest estimate is over $500 trillion in OTC derivatives existent. That's what I thought. 10-20% failure rate would be... quite substantial.

I need to do some research on my own, but did anyone get a good estimate of the amount of derivatives out in the market? Losses of over $1 trillion sound... conservative.

> What do the people of IHB think about this plan? it has a 60% chance of passing.... yikes..... will this mean a soft crash landing? EXPLETIVE EXPLETIVE. That's what I think about it ;)