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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (2353)	9/11/2008 8:08:25 PM
From: TimF	Read Replies (1) \| Respond to of 86356

The losing 10% over an 8 year period happens to be the exact losses on the S&P500 over the last 8 years So what. Even if its specific, and based on some real facts its still a logical non sequitur, its not relevant to the point under consideration. It isn't connected to "doesn't that still amount to the largest transfer of wealth in the history of the US..." or anything in the post you replied to which said "Borrowing money isn't a transfer of wealth, at most the interest is a transfer, but even that is a rather debatable assertion as the interest covers the time value of money. But for the sake of argument lets consider the interest to be a transfer. OK lets say 3.5% on $500bil, that's $17.5bil a year. I doubt I would consider that to be the greatest transfer of wealth in US history. To put it in context its less than our annual spending on farm programs." Message 24937715 If you want to change the topic. If your new point is something else about which the changes in the S&P 500 really are relevant to, then fine, explicitly change the topic, make some new point and we can talk about that, but until you do so your throwing out data that are unconnected to your arguments and assertions. And if you do want to make some point about the S&P 500, well it started declining less than a year ago, before that it had been going up for 5 years. Neither a one year decline (as long as its not falling off of a cliff), nor the fact that a semi-bubble type top hasn't been exceeded in eight years, seems very meaningful to me.