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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: David Jones who wrote (38532)8/19/2005 6:44:16 PM
From: shadesRead Replies (1) of 306849
 
Kudlow and stein were talking about this attack on walmart today - that america seems to be turning more and more socialist each day. Stein went on to say get out of america and her assets, buy canada, buy australia, or buy energy - but like buffet - whatever you do - get out of the USA - hehe.

Puplava says one kind of BOOM! Mish says another kind of BOOM! Mauldin says muddle through - mass destruction to me just seems so last century.

hi.is

From: en.wikipedia.org

"Economists generally believe that derivatives have a positive impact on the economic system by allowing the buying and selling of risk.

However, many economists are worried that derivatives may cause an economic crisis at some point in the future.

Since with a derivative security, someone loses money while someone else gains money, under normal circumstances trading in derivatives should not adversely affect the economic system.

There is a danger, that someone would lose so much money that they would be unable to pay for their losses. There is a danger that this would cause a chain reactions which could create an economic crisis.

In 2002 legendary investor Warren Buffett in an interview with the New York Times commented that he had accumulated his wealth without the use of derivatives and that he regarded them as 'financial weapons of mass destruction', an allusion to the phrase 'weapons of mass destruction' relating to physical weapons which had wide currency at the time. "
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