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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (10957)	7/25/2008 8:48:05 AM
From: Fiscally Conservative	Respond to of 50094

You can't expect when you give a child a $1 that child will come back with $2. This Administration handed out $'s to everyone. Why anyone should have expected a return on those $'s confounds me. This country needs leadership in growing our infrustructure here at home;not abroad. We need our manufacturing to grow here at home. We can NOT IMPORT our way to growth. It has proven a short term fix with no long term foundations. Every $ spent abroad will add little to no value here at home. We are like children. Children need teachers and good role models. We need leadership in re-establishing our production based economies of scale like we had once. It can be done. Stop spending you dollars on foreign gadgets and related items and start spending or at least saving your dollars here at home. This 'global economy',a term that I dispise,is killing this country. This baby boomer generation is a spoiled and greedy lot that has done little to add any value to our country that their parents had done prior. What a shame that has been! Let me not blame them alone. We all can stand up and take some responsibilty in that department. We need to be taught.(How many classes in high school are economic or finance related?) For that to happen we need leadership or we will learn through the school of hard knocks. Again,how much time is devoted to teaching sustain U.S.economic growth? There is little sense of Nationalism out there. There has,instead,been a growing sense of greed and mistrust in our elected officials and ourselves. Greed is not good contrary to what Wall St tells you. Either way,change will come. Nothing remains static.

To: SliderOnTheBlack who wrote (10957)	7/25/2008 9:22:31 AM
From: sixty2nds	Read Replies (1) \| Respond to of 50094

Hello Slider. Any comments on the KGC aquisition/price action. TIA 60

To: SliderOnTheBlack who wrote (10957)	7/25/2008 11:36:32 AM
From: yard_man	Read Replies (3) \| Respond to of 50094

>> - is assuming that inflation is the weapon of choice among those who pull the Fed's strings. It wasn't in 1929... and it may not be again. << Now there's a cliffhanger <g> -- I mean, conventional wisdom has always been (even if it is incorrect) is that the depression was caused by lack of sufficient or timely money expansion. To me the means of the destruction of the value of the currency matters little -- whether it is explicit or some new backdoor method. But this notwithstanding -- suppose the Fed does not do what the Fed always does -- punish holders of greenbacks. Suppose they actually defend the buck for a change -- what then? Gold has shown a pretty nice short term correlation with oil and other commodities -- but does anyone here seriously think oil is going back to $30/barrel and PoG back to 300/oz? The shares may suck for a while, but pessimism is at an extreme. I suspect physical holders of gold will not be disappointed any time in the next 3-5 year if their basis is 700-800 bucks. Furthermore -- I expect buyers of quality gold shares are more likely to be rewarded than thrashed over the next 6-9 months: if for no other reason stockcharts.com Disclosure: added to IAG this morning.

To: SliderOnTheBlack who wrote (10957)	7/25/2008 1:34:41 PM
From: NOW	Respond to of 50094

it is easy to see how inflation is the LT weapon of choice. st to it i think they are far too opportunistic to make it their only weapon

To: SliderOnTheBlack who wrote (10957)	7/25/2008 6:46:55 PM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 50094

"a major RV manufacturer (Monaco Coach) announced plant closings" Since RVs are luxury goods, they are very cyclical and well known to be a barometer of the health of the economy. Let's consider the fact that the main use of gold is in jewellery, which of course is a luxury. We used to hear a lot about jewellery demand from India driving up the gold price. Look at India now: stockcharts.com Fun-da-Mental

To: SliderOnTheBlack who wrote (10957)	7/25/2008 10:14:44 PM
From: mrpickles	Respond to of 50094

About the Faber interview... Listen from 12:30... Marc Faber basically is predicting a future war with China and the war will be over natural resources. Very scary things are in motion.

To: SliderOnTheBlack who wrote (10957)	7/26/2008 6:19:04 PM
From: NOW	Respond to of 50094

Slider: "[depression] Certainly inevitable for the U.S., not inevitable world wide. All the other countries have to do is cut themselves loose from the dollar. In this country America has no way of paying for its trade deficit and no way of paying for its military spending abroad. So if something has to give America would prefer to impose a very deep depression than give up one penny of military spending. So I expect a very sharp increase in unemployment, people are talking that real prices have another 30% to fall at least and that is only as far as the eye can see, and large scale foreclosures, bankruptcies while military spending will increase." you concur?

To: SliderOnTheBlack who wrote (10957)	7/29/2008 9:41:16 AM
From: SargeK	Read Replies (1) \| Respond to of 50094

Slider, Your buddy InAVanDownByTheRiver posted a message on Investor Village BAC that the stock my drop to $20. investorvillage.com My response: Re: A second chance coming InaVan: >>>>to reload under 20. Maybe even 15 or 10. <<<<< LOL!! Man I know you are DEAD WRONG, but I wish you were right because if you are I WILL make a ton of money. With SAFETY of the $2.56 dividend now assured by growing earnings, I could increase my holdings with only moderate risk. and use little or no cash to do it. Scenario: A drop to $20 provides a 12.8% yield (buy 1k) A drop to $15 provides a 17.1% yield (buy 2k) A drop to $10 provides a $25.6% yield (buy 4k) With margin interest at 7.75%, the profit margin of dividend income over interest expense is a prospect one could only dream about. Comment: BAC is forming a firm bottom in the $28 to $34 range that will very quickly become a technical base of support and the trend is up and I strongly believe it wil continue regardless of what happens to the other financials. Expect a pop today of 1 to 3 points. FWIW Hint of the day: study the yield chart provided at uspublicpolicy.com Good luck to all, SargeK