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otaku

otaku

USA
January 2004

NOV 23, 2008 07:40 PM

MisterEnrolled said:
Unfortunately, Ebony, we all live in the real world, where we accept and adapt to forces which seek to destroy and derail.



Just check your typical CE board for examples if you don't believe him.

And FTR made some good points as well. (worth noting that an old girlfriend had major problems paying her credit card bill at one point and was STILL getting credit applications and even ads from her current card asking if she wanted to upgrade to "platinum" status)

Did someone mention the Chinese just waiting to buy GM in the 'Bail The Shit Outta Detroit' thread (I stopped paying attention after said thread got PetePollied, speaking of derailing forces).

joker_

joker_

Minneapolis, MN
October 2005

NOV 23, 2008 07:50 PM

Necia said:

Chainlink said:
Oh, and Zeitgiest ? Great bar.



I could totes use a Zeitgeist burger right now. Om nom nom.



I still haven't been to it. This is on my to do list before the end of the year.

thecontinuum

thecontinuum

I'm lost
February 2008

NOV 24, 2008 05:59 AM

First, some constructive criticism. I found this article to be very forward and well stated. You sir have a knack for being roughly to the point. I do feel though that you should spend more time proofreading before you post, as there were a few unneeded grammatical errors.

On to the discussion at hand.

As far as long term investments, as you stated in the final paragraph, what suggestions would you have? Where should one invest? What particular investments, in the long term, would reward the individual investor?

I ask myself this, wondering what companies and corporations will be prosperous and unheeding to the consequences of the degradation of our economic status.

When we begin to see the sunrise at the other end of these fleeting dark times, what names will be on the skyscrapers causing shadows in my path?

X_Racer_X

X_Racer_X

Philadelphia, PA
July 2008

NOV 24, 2008 07:20 AM

Stiles

Stiles

Oakland, CA
November 2002

NOV 24, 2008 07:35 AM

The Vice fund is down 50% for the year and totally flat for 5 years. I have serious doubts about it being a good place to park your money for the next year or two.

X_Racer_X

X_Racer_X

Philadelphia, PA
July 2008

NOV 24, 2008 07:58 AM


I think they've been unfairly beaten down in the midst of all the uncertainty and paranoia. Empirical evidence suggests no real slow down in smoking and drinking during times of economic woe.

(I make this claim after extensive and thorough research on the subject.) wink

Stiles

Stiles

Oakland, CA
November 2002

NOV 24, 2008 08:14 AM

I hear what you're saying - and they had a spectacular 150% run up this bull market for the last 5 years, but even a simple dow jones index fund did over 50%. Over a 5 year basis, keeping your money in cash in a lousy 3% paying CD handily outperforms both while being 100% safe.

Of course, this benefits from 20/20 hindsight and people who got out of the market in time made some serious bank... but you could say much the same about real estate. If you were in VICE and got out in time, kudos for making serious bank.

meatpieboy

meatpieboy

Korea, D.P.R.
June 2004

NOV 24, 2008 08:26 AM

Coyotemike said:
My question is, why aren't the dropping gas prices helping with the food prices?

Yes, I know that deisel has not dropped like unleaded, but the price per barrel of oil has dropped and that should be bringing prices down, just like it pushed them up.



It is. Farmers who didn't lock in prices are fucked. Guess we're just not seeing it at the counter yet.

Katieesq

Katieesq

USA
June 2008

NOV 24, 2008 10:11 AM

First, I've decided to start using the phrase "getting PetePollied" in everyday speech. I suggest you all follow suit.

Second, does anyone else think that economists' major resistance to bandying about the "D" word comes from fear of further damaging investor confidence? I lean towards this theory, but I also don't rule out this being no more than bombastic, free-market cheerleading.

roubles

roubles

I'm lost
June 2008

NOV 24, 2008 11:53 AM


Back in 1979, before GDP growth had turned negative, Alfred Kahn, President Carters Chief Economist made a professional faux pas. He uttered the R word within earshot of the national press. Higher-ups in the White House quickly put the hammer to Dr. Kahn, suggesting that he never use the R word again.
To his credit, Alfred Kahn did not back down. He announced that from then on he would refer to the recession as a banana. He then began to say things like, I think we are in for a serious banana. He was funny, and he was right.

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