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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (15981)	3/26/2007 1:32:54 PM
From: jim black	Read Replies (2) \| Respond to of 218535

Jay New book to suggest for your upcoming time to read, given very high marks by Forbes Mag Oh my God could that really be true? It is by Kotlikoff and old buddies journalist Scott Burns who has written sensibly for 2 decades and investment advice column in the Dallas Morning News: The Coming Generational Storm, and they appropriately point out they dedicate the book to their children and grandchildren and advise the reader not entirely in jest to sit down and have a tranquilizer before reading it, it had me up to 2AM last night, it is based entirely on US Govt stats on Medicare and Social Security, ie, they say we are F**KED and have several suggestions to minimize pain, and assure all readers there will! be pain. It is worth while and not new and you already have some of the stuff that Scott Burns recommends on p221...oh my God, can't believe even HE is saying what you and I articulate in one form or the other so many times...Mq...you are in dangerous waters jim black of austin TX

To: TobagoJack who wrote (15981)	3/26/2007 2:04:18 PM
From: elmatador	Read Replies (2) \| Respond to of 218535

Thread red hot! Moderator too busy!!

To: TobagoJack who wrote (15981)	3/27/2007 7:45:11 AM
From: Ilaine	Read Replies (1) \| Respond to of 218535

I don't argue "gold is no good." That would be as nonsensical as insisting that silver, platinum, pearls, diamonds, colored stones, and other valuable commodities are no good. I don't argue "the exchange rate doesn't matter". Quite the contrary. I've preached the eternal verities of the Mundell-Fleming trilemma to uncomprehending ears for years. I don't argue "debt is not a problem." If you can't service your debt, you have a big problem. Even if you can service your debt, if you aren't using it for leverage to increase your revenue or net worth, it's not worth it. Example -- if you know you're going to need new tires in a few months, save your money, instead of spending interest receive interest, but if you have a flat tire, and you need the car to get to work and buy groceries, use the credit card. Otherwise you're unable to get to work and you have to order in pizza. Extrapolate from that trivial example to more complex financial calculations, it's always the same. Don't borrow money unless you're likely to come out ahead doing so. Going broke and broker isn't survival behavior. If there's a human activity that doesn't involve risk and tradeoffs, I never heard of it.