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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (50377)	1/20/2006 7:53:26 AM
From: shades	Read Replies (2) \| Respond to of 110194

Who is this ahhha fool and why does he think he is hot stuff? -trade deficit is a sign of economic strength and the strength of rich american consumer.Let somebody else sweat and produce the stuff we consume. We have the money, they don't. Buffet says you can only sell the farm off so long - but you have to think in terms of relative magnitude - we have a very large farm if you compare our GDP to the rest of the world - we still have lots of farm to sell - many decades worth potentially - maybe more - maybe we can sell off the farm and take the money and make investments to eventually buy the farm back and then some - but I am not counting on it. I put it to you like this - me, you, mish, we can live la vida loca selling off this farm we were given by our daddies - we will be old men before the farm is gone and have had many great parties and not having to work - and all this crap about leaving our kids a better country than we were given - screw them - party time! Like they wouldn't do it do you! hehe If all of the above is true then AG et al are geniuses, Oh he is though - read william blacks book on robbing the people and empowering the banks - He is the ultimate robin hood in reverse! who have invented "free lunch", economic utopia or perpetuum mobile whatever you want to call it. My econ professor said on the first day of class there aint no such thing as a FREE LUNCH - well that may be true - but in the scales and relations we are talking - you and I can live pretty good eating FREE LUNCHES til the farm we were gonna leave our kids is gone - hehe. I sent my econ prof this link - look at all these FREE LUNCHES: Quiznos, Subway, Applebees, Wendys - hell I haven't paid for lunch in almost a year. forums.slickdeals.net

To: Mike Johnston who wrote (50377)	1/20/2006 8:00:47 AM
From: shades	Respond to of 110194

-trade deficit is a sign of economic strength and the strength of rich american consumer.Let somebody else sweat and produce the stuff we consume. We have the money, they don't. I once was talking to some rich guy from sri lanka - debating why they had the lowest divorce rate in the world - his family owned the largest rubber company in asia - they did pumps too he said - anyways he told me how rich he was and how rich and world reknown his families tire company was - and I said I am richer than you sucker - he didn't like this challenge to his wealth and started listing off asset after asset - lots of nice corvettes and aston martins and loutses etc etc (real car buff) - I said look Bub - we have the printing presses over here that make the dollars that your tires and pumps trade in - the US dollars you probably bought a lot of your toys with - you can never have the wealth I have - I print the money - how many US dollar printing presses you got in your company? - he got very emotional after that point and his refined british education did not stop him from childish namecalling.

To: Mike Johnston who wrote (50377)	1/20/2006 10:14:27 AM
From: GST	Respond to of 110194

<We have the money, they don't.> We have whatever money they are willing to lend us. Think of it as trade credit from your local crack dealer. Ya, those poor crack dealers -- kind of feel sorry for them when I think of how hard they will be hit when our bad habit destroys us and they have nobody left to sell to -- poor them, so dependent on us for everything -- NOT.

To: Mike Johnston who wrote (50377)	1/20/2006 10:49:18 AM
From: John Vosilla	Respond to of 110194

Go to a place like Toledo with no housing bubble dependent on the real economy to see what the future might hold after the bust.. On the flip side there has been a ton of wealth generated by a decent segment of the population that has incredible buying power. Phoney as it may be a ton of new millionaires own free and clear property in CA, the northeast and FL that can spend on cars, entertainment, travel and live very well unless a total collapse in housing prices in their markets is in the cards.. Someone very smart recently told me expect a revolution by the young, demographically diverse lower and middle class that will be doing the heavy lifting for little benefit versus the older vanilla boomer and WWII generations that control most of the wealth..

To: Mike Johnston who wrote (50377)	1/20/2006 2:13:43 PM
From: ahhaha	Read Replies (1) \| Respond to of 110194

Ok, now i really get it. I doubt it. - inflation is low True. - there is no real estate bubble, house prices are rising because of rising incomes, strong economy, low unemployment,low inflation, low interest rates, strong demand and shortage of available land True. -consumer wealth is at record levels, True. rising home prices create massive wealth that allows consumers to spend more False. -trade deficit is a sign of economic strength True. and the strength of rich american consumer. False. Strength of poorer Americans. Let somebody else sweat and produce the stuff we consume. Are you saying you would deny other people the right to work hard and build their economies? We have the money, they don't. False. Both have the money. -budget deficit will be reduced by strong growth False. Budget deficit will be reduced if Congress cuts spending on social welfare and entitlements. If all of the above is true then AG et al are geniuses, None of the above has much to do with FED. FED is only responsible for maintaining the level of money in economy to support transactions, and that's pretty much all they have been doing for many years. I'm an expert on the FED and have been for longer than you have been alive, and longer than all the Armageddon authors have been writing their tripe. Why would you believe them and not me? Because you're poor and will stay so. who have invented "free lunch", The 'crats have been the chief architects of that over the past 40 years. That's how their inferior approach buys votes. You will vote for them in order bring back the evil, and you will do it to kindle your hatred. The question comes to mind, why hasn't this been tried before, why have all the previous generations been so dumb? Why are you so dumb? Fools, they even suffered Great Depression. What should they have done? Turned the country into a dictatorship of the proletariat? And why this is not being tried in Ethiopia, Zimbabwe or Argentina ? What is "it"? What you hope for to bring about the most chaos? In that circumstance you'd be the first to be eliminated.