Aa
Ok, there was a post encouraging Americans to vote. Any thoughts on the results?
I have been out of work for a while now because of the hep c and tx, so I have spent quite a bit of time watching the progress of the elections in the USA. It was so heartwarming to see the positive reactions to the elections from so many parts of the world. However, I do know our media can be biased, and I'm sure there were some very negative responses in the world, but I found it a moving event. He is only a man and I hope he can hold on to his ideals for American and our children but, as we all know "power corrupts and absolute power corrupts absolutely."
Wilful
Wilful
I did read it. She thinks Roosevelt caused the depression. Most people think he ended it. I think the kool aid is in the drinking water - LOL. Certainly anyone that thinks the world revolves on only taxes had a very parochial view of economics. They are a part of it, not all of it.
In any case, you accused Buffet of having insider information. I knew GE was in trouble. James Grant said it in his newsletter months before Buffet invested. So no insider information there. The information was available to anyone that knows how to read a balance sheet.
We will never agree on opinions, but I am surprised we can't agree on facts. If you only read right wing news sources, you will never have the straight facts.
In any case, you accused Buffet of having insider information. I knew GE was in trouble. James Grant said it in his newsletter months before Buffet invested. So no insider information there. The information was available to anyone that knows how to read a balance sheet.
We will never agree on opinions, but I am surprised we can't agree on facts. If you only read right wing news sources, you will never have the straight facts.
Eric, I know there is no way you and I will ever agree. (you drank the kool aid,lol), but Amity Shlaes is not a radical. She is well respected and this book is highly regarded. It is an unbiased look at history. Read it before passing judgement.
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Trinity, good move. I moved everything into bonds at the first big drop and will hold until the things get better.
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Trinity, good move. I moved everything into bonds at the first big drop and will hold until the things get better.
We pulled every bit of our IRA investments (solid investments that have given us great returns over the years) and converted to CD's anticipating the very thing that happened in the market. Dow was around 11 back then I think. Look at the money we did not lose. Will not reinvest until things become stable.
Would I love to sit with you and get some insight into how to invest properly! I would be a good student. But then again I am sure that it must take years to learn. I find this all so interesting, I wish I could learn more...
Marcia
Marcia
I forgot to say that I am very much against high taxes. I am very supportive of paying our bills and so it's spending that is the issue and taxes are the necessary evil that goes with spending. When the country invests, then the taxes are worthwhile.
If you followed your theory, you would have sold stocks when Clinton raised taxes and missed the greatest bull market in the history of the country. If you bought stocks when Bush lowered taxes, you would have lost a ton of money.
If you followed your theory, you would have sold stocks when Clinton raised taxes and missed the greatest bull market in the history of the country. If you bought stocks when Bush lowered taxes, you would have lost a ton of money.
I hope you don't invest any of your own money based on your theories - LOL.
Amity Schlaes is a radical outlier and not many people agree with her. She actually thinks Roosevelt caused the depression. It's a good thing for me that there are so many people that don't understand the market - that's how I make money.
Spending rather than investing is bad for the country and that is something both parties do. Taxation must equal spending or you get inflation and that is a tax. Taxation has to be balanced and fair. Now it is not; the middle class pays too much of the tax burden.
I am one of the ones that has to pay the tax under the new plan and I will gladly pay it, since it will benefit the country. Clinton raised taxes and did you suffer economically during his administration? Bush lowered taxes and look what happened. Taxes are part of a giant economy with many influences besides taxes.
There was a small boy that whacked a telephone pole at the moment of the great blackout. He is thoroughly convinced he caused it.
Warren Buffet is one of the most ethical people in business and you have absolutely no proof to the contrary. He gives most of his money to charity. He is buying stock in an attempt to stop the panic that could destroy our society and you are trying to turn that into a bad thing.
Buffet is the greatest investor in the history of our country and you think it is a bad thing that he advises Obama - go figure.
As my mother would say - you can turn a silk purse into a sow's ear. - LOL she actually said the inverse.
Amity Schlaes is a radical outlier and not many people agree with her. She actually thinks Roosevelt caused the depression. It's a good thing for me that there are so many people that don't understand the market - that's how I make money.
Spending rather than investing is bad for the country and that is something both parties do. Taxation must equal spending or you get inflation and that is a tax. Taxation has to be balanced and fair. Now it is not; the middle class pays too much of the tax burden.
I am one of the ones that has to pay the tax under the new plan and I will gladly pay it, since it will benefit the country. Clinton raised taxes and did you suffer economically during his administration? Bush lowered taxes and look what happened. Taxes are part of a giant economy with many influences besides taxes.
There was a small boy that whacked a telephone pole at the moment of the great blackout. He is thoroughly convinced he caused it.
Warren Buffet is one of the most ethical people in business and you have absolutely no proof to the contrary. He gives most of his money to charity. He is buying stock in an attempt to stop the panic that could destroy our society and you are trying to turn that into a bad thing.
Buffet is the greatest investor in the history of our country and you think it is a bad thing that he advises Obama - go figure.
As my mother would say - you can turn a silk purse into a sow's ear. - LOL she actually said the inverse.
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