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

To: carranza2 who wrote (55678)	10/1/2009 8:59:32 AM
From: TobagoJack	3 Recommendations Respond to of 217561

am not worried about bs fictional deflation ... if so when so, have my eyes on beach properties here and there and everywhere must be vigilant against inflation, for i fear having to spend later years in 50k per month institution, and then kicked out on to the street to fend for self unable to buy 100/cup coffee

To: carranza2 who wrote (55678)	10/3/2009 2:05:41 PM
From: elmatador	1 Recommendation Respond to of 217561

Newport Beach is also the home of Pimco, the biggest bond manager in the world, which handles $840 billion on behalf of pension funds, universities and other clients. economist.com NEWPORT BEACH, California, is not a bad place to contemplate the future of the world economy. Its information office promises nine miles of pristine sand, fine dining for devoted epicureans and an atmosphere of laid-back sophistication. Yet students of economic turmoil will find their subject matter conveniently close to hand. California’s unemployment rate has doubled to 12.2% since the start of 2008. Saddled with the worst credit rating in the country, the “Golden State” is cutting spending on schools, prisons and health care for the elderly, as well as closing parks and laying off staff for three days a month. It will pay its workers a day late at the end of the fiscal year so that the expense will show up in next year’s budget. Financial shenanigans are not the sole province of the banking industry. ... In May the company (PIMCO) held its annual “Secular Forum”, in which it tries to peer five years into the economic future. After two days of rumination, Pimco’s laid-back sophisticates concluded that the financial markets may well “revert to mean”, which is a statistician’s way of saying that what comes down must go up. But the next five years will not resemble the five preceding the crisis. Not every change wrought by the financial breakdown will be reversed. The world economy is fitfully getting back to normal, but it will be a “new normal”. I have a feeling PIMCO is wrong...

To: carranza2 who wrote (55678)	10/3/2009 2:10:52 PM
From: elmatador	Respond to of 217561

“As California goes, so goes the nation”…Let’s hope not!! There’s a saying that most of us have heard many times before, “As California goes, so goes the nation.” The saying is/was intended to recognize Californians for consistently being on the cutting edge of new developments in science, business and innovation. Let’s hope that the current dire unemployment picture in California doesn’t end up sweeping the rest of the nation. California's unemployment rate hits 12.2% in August The rate rose from 11.9% in July, setting a record, but the pace of job losses slowed. latimes.com