10-14-2009, 12:56 PM
10-14-2009, 01:33 PM
Sounds like "take your profits and run" time, or at least very close to it.
10-14-2009, 03:12 PM
With hyper inflation coming, the value of the dollar dropping and the US government buying its own debt, don't get too excited. I agree though, it has been some positive news for a change.
10-14-2009, 04:29 PM
+1 RBB
![[Image: welcome_back_carter.jpg]](http://thisainthell.us/blog/wp-content/uploads/2009/06/welcome_back_carter.jpg)
10-14-2009, 04:37 PM
(10-14-2009 03:12 PM)RBB Wrote: [ -> ]With hyper inflation coming, the value of the dollar dropping and the US government buying its own debt, don't get too excited. I agree though, it has been some positive news for a change.
How much gold do you have RBB?
10-14-2009, 04:56 PM
(10-14-2009 04:37 PM)Blazing Saddles Wrote: [ -> ](10-14-2009 03:12 PM)RBB Wrote: [ -> ]With hyper inflation coming, the value of the dollar dropping and the US government buying its own debt, don't get too excited. I agree though, it has been some positive news for a change.
How much gold do you have RBB?
Not enough for what's coming, I'd say. Buffett and Soros, Obama's two big-time billionaire campaign donors, are betting strongly against the dollar. What does that tell you?
10-14-2009, 04:58 PM
Mark to Market Accounting (FASB 157) rule was relaxed on April 2.
< 7 mos. later, is the DOW reaping the benefits?
< 7 mos. later, is the DOW reaping the benefits?
10-16-2009, 08:51 AM
A wise owner of a successful business in Louisiana told me yesterday at lunch an interesting point. He said that you take a majority of the largest businesses that are publicly traded and the profits they are earning are NOT coming from increased demand of products. It is exactly the opposite. The profits are coming from cutting costs and laying people off. Without demand for the goods returning, it will only get worse.
10-16-2009, 10:38 AM
(10-16-2009 08:51 AM)RBB Wrote: [ -> ]A wise owner of a successful business in Louisiana told me yesterday at lunch an interesting point. He said that you take a majority of the largest businesses that are publicly traded and the profits they are earning are NOT coming from increased demand of products. It is exactly the opposite. The profits are coming from cutting costs and laying people off. Without demand for the goods returning, it will only get worse.
Are you predicting a double-dipper recession?