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


To: TobagoJack who wrote (98901)2/28/2013 10:55:46 AM
From: cmg  Respond to of 218180
 
I agree........the more time the hampster runs the more time to convert one's resources to PM, oil royalties and other "real" assets.



To: TobagoJack who wrote (98901)2/28/2013 11:59:41 AM
From: KyrosL  Read Replies (2) | Respond to of 218180
 
What are your thoughts about the gold miners. I bought some today after a long absence. The Fed news the market interpreted as excellent for stocks should be doubly so for gold.



To: TobagoJack who wrote (98901)2/28/2013 6:25:33 PM
From: Snowshoe1 Recommendation  Read Replies (1) | Respond to of 218180
 
Hello Mr. TJ, can you comment on Professor Chen's theory that English is the language of wastrels? :O)

Why speaking English can make you poor when you retire
bbc.co.uk

Could the language we speak skew our financial decision-making, and does the fact that you're reading this in English make you less likely than a Mandarin speaker to save for your old age?

It is a controversial theory which has been given some weight by new findings from a Yale University behavioural economist, Keith Chen.

Prof Chen says his research proves that the grammar of the language we speak affects both our finances and our health.

Bluntly, he says, if you speak English you are likely to save less for your old age, smoke more and get less exercise than if you speak a language like Mandarin, Yoruba or Malay.

*****

Speakers of languages which only use the present tense when dealing with the future are likely to save more money than those who speak languages which require the use a future tense, he argues.

So how does a mere difference in grammar cause people to save less for their retirement?

"The act of savings is fundamentally about understanding that your future self - the person you're saving for - is in some sense equivalent to your present self," Prof Chen told the BBC's Business Daily.

"If your language separates the future and the present in its grammar that seems to lead you to slightly disassociate the future from the present every time you speak.


"That effectively makes it harder for you to save."