lordofdelusion
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Posts posted by lordofdelusion
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For those of us unfamiliar with the Kata area, could someone provide some directions? Thanks. Does he see kids?
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One footnote to the above post, should the U.S. elect Barrack Obama President, and Nacy Pelosi and Harry Reid get their wish with tougher trade policy then this worlwide recession could possibly last 2 years and the good Professor might wind up being right on that particular count
correct! the only way to get ouf of this mess is to elect the war hero of the Hanoi Hilton McCain (quote: "one hundred years of war if necessary!"). U.S. industry will crank up and build cruise missiles, cluster bombs, bunker busters, landmines, F15, 16 and 18, those who are jobless will have jobs again, buy houses and all kind of products from China. and everybody on this planet will live happily ever after.
Now you got it Naam! Its good to see that you have come around to the right (sorry for the PUN) way of thinking
And no, Sen. McCain did not say one hundred years of war if necessary, what he did say is that the U.S. could have a prescence in Iraq for quite some time just as we have had a prescence in Germany and Japan and Korea for quite some time, and when the reporter badgered McCain further as to just how long quite some time might be McCain blurted out a hundred years! See now it really isn't so difficult to put things in their proper perspective As a new McCain supporter I thought you might want to know that the most recent polls are now showing Obama even to 3%pts ahead, so it looks like the race is tightening up quite nicely, despite Obama outspending McCain on television ads by a 4:1 margin!!!
BULLFEATHERS!!!!
http://www.electoral-vote.com/
http://www.realclearpolitics.com/epolls/ma...bama_vs_mccain/
http://www.usatoday.com/news/politics/elec...oll-tracker.htm
In the words of the legendary WHO, "we won't get fooled again"!!!!!!!!!!!!
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The problem with most economic predictions is that you can't possibly account for everything. I always thought financial planning was an oxymoron. Nobody knows how long they will live, the rate of return on their investments, the rate of inflation, life events, birth, illness, natural disasters, wars, terrorist attacks, epidemics etc; Likewise nobody knows what measures the governments of the world will introduce to help/hurt the situation. Wars are always just a shot away. So all you can predict is that markets will go up and down at some point and then repeat the cycle. Economist like to speak in such absolutely positive remarks.
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Well it's all clear now. This AM on the CNBC website they have 2 articles from technical analysts. One says we are at a bottom and we'll see a bull run like in the 70's. The other says the charts look like 1929 and we will fall another 27%. So I'm off to long/short the market and enjoy the rise/fall.
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[
i]Financial advisors across the nation have been trying to clean up the mess that Jim Cramer made. We had clients crying because of the panic he created.[/i]
When I started this thread back when, I didn't mean to imply I was a follower of his. Just that he makes grand statements and because he makes them to a wide audience, they sometimes become a self-fullfilling prophecy. Have you noticed before the markets open, during the Squawk Box show on CNBC, how often when they have a guest, they will watch the futures before and after the comments to see if this person has some influence on the markets? I think VegasVics comments may be spot on. If I could tell a million viewers that stocks were going to tank, head back to my office and short the market, I would be pretty rich.
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Just interested in your thoughts. If you had to put all your savings in just one currency to ride out the next decade, which one would you choose?? Obviously where you live and spend would be a factor. But just in general, where is the strength?
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As if the economic crisis were not bad enough, Thailand is suffering from political turmoil. Don't forget 23 nations still have travel advisories out for their citizens regarding Thailand. Those few who still have money, can go to Malaysia, Bali, Vietnam and not worry about airport closures or tear gas.
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Well, thats the thing about being poor. When you've got bugger all to start with you have bugger all to lose. I will shortly be opening a consultancy business on how to live pretty well on very little and will offer a generous discount to impoverished T.V members
You know, you may be on to something! While living in the US during the last real estate run up, the airwaves were saturated with ads for "get rich in real estate" seminars. "No money down" "how to be a millionaire", etc; At every hotel, every weekend for some incredible price, you too could learn to make a fortune in real estate. Obviously the only millionaires were the guys selling the "systems" (Why? Because they wanted to share with you.)
Now the American people are looking for a way to survive with a simple, more sustainable lifestyle. Your course may be in high demand. Get together a DVD set and market it on the internet ASAP!! $19.95 plus shipping and handling. ORDER NOW!!!!!
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With the Dow at 5 year lows, the SET trading around anklelevel, Nikkei losing 10% today, Aussie down 5% today . . there HAS to be some excellent buying opportunities out there. There seems to be an awful lot of panic selling / herd mentality activity going on at the moment.
Anyone interested in jumping back in yet?
Not me; (some) Bonds is the only way for the time being and even than it's not easy; not my piece of cake; Naam knows a lot more about bonds.
It's not about herd mentality anymore; it's about saving your own @rse. A good sign is that there was a report yesterday that (some) Americans are starting to pay off their debts. That means automatically however a drop in spending and a drop in spending means less manufacturing output, where ever in the world, and thus hurting the normal economy, exports and imports and thus consuming/buying.
It's one way or the other.
LaoPo
Naam learned his lesson about bonds the hard way
especially when to have them and when not to have them So is this a time to own any?? My bond funds are falling as fast as stock funds now. Oh, the humanity!!!!
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You could have added another choice. "Yes, I look at them but with less frequency and a great deal more fear and panic."
Even though I know I am not in immediate danger, I am finding it hard to buy anything! I just can't open my wallet for fear that I will be broke next week. I have got to stop watching and reading the news!! And why am I talking to you people??
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Army Chief monitors the anti-riot measures
Army Chief General Anupong Paochinda has called an urgent meeting of the five top Army generals to closely monitor the anti-riot operations. He is also meeting with top commanders of three wings of the armed forces.
Anupong is assessing the situation, but has not drawn conclusion on the police action.
It is expected that the military will issue a statement in the afternoon.
The Nation / 2008-10-07
Maybe a little off track, but to state an obvious truth....here goes the high season and with it, what's left of the Thai economy. Pity for the average Thai.
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Oh yes! And in many cases western companies basing themselves overseas where labor costs are cheaper. We drive those economies because we buy what they make so cheaply. Not what they invented. Americans love a bargain. Google any article about shipping jobs overseas. A hot button political topic in the US. But we would not for a minute pay the prices we would have to if those products were made in the US. We're greedy and cheap. I could write a book on my experiences as a consumer in the US. You have to have grown up there to really get it. If you think that's an exclusivity for Americans, you're mistaken. The same bargains are loved by Europeans and they're greedy and cheap as well...
LaoPo
And today we see the pain spreading through Europe. What will happen in Asia??
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We don't make much anymore. What we consume drives the economies of China, Japan, Korea, Tawain and many others.
Quite ! So what is there left ? USA is a country that was meant to be destined for greater things -perhaps being able to rely
on innovative work opportunities with specialist skills? But partly because of all the wasted money fighting in Iraq and Afghanistan standards
in schools have slipped dramatically. And while schoolchildren in China equipped with desktop PCs in their classroom
and are furiously learning English or other languages to compete globally, are there any foreign languages being taught in American schoolrooms?
As far as I know they don't even teach Spanish to American children as a second language which I would have thought could be a good investment
for the future in somewhere like California.
I agree with -even obligatory- teaching Spanish and Chinese as well; it would give the US an advantage and lead over Europe***, especially what Chinese is concerned. The future is East, not West.
Apart from that I would like to comment on lordofdelusion's sentence:
although the quote "What we consume drives the economies of China, Japan, Korea, Tawain and many others" in itself is true it is also a fact that these countries just produced what the West (US/EU/OZ/NZ) wanted them to produce...and still do to the largest part of production.
Those countries NEVER started to invent new products in order to send their salespeople oversees to sell...NO, the consuming countries sent their buyers to those countries to have them produce what they wanted.
That's a fact.
*** many Europeans speak already at least one foreign language.
LaoPo
Oh yes! And in many cases western companies basing themselves overseas where labor costs are cheaper. We drive those economies because we buy what they make so cheaply. Not what they invented. Americans love a bargain. Google any article about shipping jobs overseas. A hot button political topic in the US. But we would not for a minute pay the prices we would have to if those products were made in the US. We're greedy and cheap. I could write a book on my experiences as a consumer in the US. You have to have grown up there to really get it.
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Americans need a crash course on financial responsibility. I say this as an American. We are not educated as to money matters but we are taught to consume. It is a sad state. At the same time there are those greedy and evil who are happy to take advantage of the uneducated consumer. House loan going up 20%? I'm not surprised.
that might be the case. but don't forget that the appetite of consumers drives a good part of the U.S. economy. what is needed is to find a healthy equilibrium of consumption, perhaps a bit more saving AND finally realising what exactly the prices of goods are Americans buy. when i bought my first car in 1989 i was asking "how much?" the answer was "349.99" (i am making that up because i don't remember the exact answer). after several attempts the salesman told me that we have to go out and look at the stickers because cars come in different packages and therefore the price differs but as they are on stock the monthly financing rate is the same. he then was sort of flabbergasted
when i told him i want to buy a car for my wife and pay for it. with real money. cash down. no financing but the car has to be ordered in a specific colour and with a specific package similar experiences i had with my former neighbours (half of them well off, half of them not). asking for the prices of their cars, their ride-on lawn mowers or their big screen TVs was futile. they only knew how much per month and that each and everything was a special offer with huge discount.
Yes, we are a consumer driven economy. That is the problem. We don't make much anymore. What we consume drives the economies of China, Japan, Korea, Tawain and many others. I have been gone from the US over 2 years now and much of my past life seems very odd now. You are right about the monthly payment thing. Never mind can you afford it. Can you afford the monthly payment? No? Well then we can extend the payments out over 7 years instead of 6. How about a super low payment for 59 months and then a huge balloon payment for number 60? Teaser rates. Resets. Credit card offers coming in the mail at the rate of 10 a week. I once had 22 credit cards in a box in my kitchen cupboard. They wanted me to have them, so I took them. I thought of it as my mad money. If I was ever diagnosed with a terminal illness, I was off on a spending spree.
Never used them fortunatley but many other people did use their cards and all to the max. Why? Because they "needed" stuff. Funny how so much of the world gets by without the stuff we were told we "needed" -
Sure the greedy bankers shorting and the like to drive the market are to blame, however I saw a guy interveiwed on TV on Monday he lived near Staten Island I think.
"Reporter so how has it affected you"
"Real bad I too a mortgage on this place and the interest rate has risen 20% so I lose my home"
I know there are tragic cases, but some of the financially inept and I dont mean the poorly paid I mean inept who earn well but want a lifestyle higher than they decent earnings, these guys need to take some personal responsibilty.
I do hope its sorted out soon as people are very depressed in the UK and its not nice
Americans need a crash course on financial responsibility. I say this as an American. We are not educated as to money matters but we are taught to consume. It is a sad state. At the same time there are those greedy and evil who are happy to take advantage of the uneducated consumer. House loan going up 20%? I'm not surprised.
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Are there other attractions beside sex on Phuket ? Yes, but I believe it is a bigger draw than many think. I agree with the OP about the beaches. Patong beach is just a disgrace. Too many hawkers, Tuk tuks, trash, traffic and Patong prices are inflated for everything.
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The US is working on a MEGA PLAN to restore confidence and turn around the financial crisis and it seems it will work. Will cost hundreds of Billions of $'s but if not, it will cost a lot more.
Oh great. The Democrats, the party of no ideas, and the Republicans, the party of bad ideas, are working together. The only thing worse than either of them, is when these a$$8oles work together. I predict the end of the world by next Friday.
Did you think I was kidding when I posted this on the 19th???? These children cannot play together. Asking them to clean up this mess is like asking my 1 year old to clean up her diapers after she makes poopy.
I admit to being off on the Friday part. The really bad day was Monday.
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I understand Mr. Ullrich very well. If it were my wife I would be looking for someone to smash. Probably the only thing that will help since the cops are worthless. May give pause to some of those out there who prey on the supposed weak.
Several months ago a long time resident of the area told me the cops ARE the muggers or at least control the gangs. I have no proof of this of course but it does explain the lack of crime solving activity. I would hope he is wrong. I had high hopes for the new General.
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Jim Cramer from CNBC"S Mad Money had this to say in part from an article from the CNBC website.
"The situation right now is so bad that a little Cramer calculus showed the Dow could drop to as low at 8,378 – a 2,768 decline – if Paulson’s plan doesn’t make it through Congress. That’s why this week’s Game Plan, just like last week’s, is a call to viewers to keep selling their stocks into any strength. Deal or not, we’re still most likely going to see a recession, so you want to preserve capital at all costs. The only thing a congressional agreement really brings us is avoidance of another Great Depression.
Just in case you think this bailout is only about saving Wall Street, think about this: 100 million Americans – about half the adult population – owns stocks directly or indirectly through mutual funds or retirement plans. No deal means your pension fund, 401(k), IRA, 529 college savings all plummet in value. Cramer can’t emphasize enough how important Paulson’s plan is to boost the credit markets – the economy’s fuel – force money back into stocks, bonds and the like, and get economy moving again.
Even outside the U.S., circumstances are dire. BRIC – Brazil, Russia, India, China – they’re all hurting. Chinese growth has collapsed, India’s inflation is out of control, foreign capital fled Russia when it invaded Georgia, and Brazil, while still a robust market, is a victim of the U.S. slowdown.
“BRIC, which was once the driving force of global economic growth,” Cramer said, “is now an actual brick around the neck of the world economy.”
The industrials, telcos, techs, oils, any company that relies on economic growth, will get hit hard if the Paulson plan falls through.
So “it’s not just the stocks of Wall Street,” Cramer said, “it’s the stocks of Main Street that are about to be crushed.”
Therefore, keep on selling into any strength. Deal or no deal, now’s the time to play defense."
Most important to me is what to do with my money now. Everywhere I turn I see a case being made to get out of stocks, (any nations stock) bonds, (corporate or government), money markets, commodities and on and on. Is my bank safe? Is a Thai bank safe? Anyone else feel this confusion? I have to put money somewhere. My funds are in US dollars but I live and spend in Thailand. Any serious suggestions are welcome. Sounds like we are all in this mess together.
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Had a similar experience at 3:30. CHAOS!!! The cops had decided to turn off the lights and direct traffic
Problem was, there were 4 of them and none was watching what the others were doing! Looked like a tangled ball of string in the middle of the intersection. -
Oh crap!!! I just read a little further in that Wikipedia article.
Including unfunded Medicaid, Social Security, Medicare, and similar promised obligations, the government liabilities rises to a total of $59.1 trillion, or $516,348 per household."
Ouch!!
Sorry, can't help out on this one. -
More to the point, the 700 billion is in ADDITION to the national debt already owed. From Wikipedia...
As of September 2008, the total U.S. federal debt was approximately $9.7 trillion[2], about $31,700 per capita (that is, per U.S. resident
So add the bailout and let's call it an even $34,000. I know my check is in the mail. Anybody else pitching in??
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What you heard last evening is one of those rare moments — certainly rare in my experience here — was that Democrats and Republicans decided we needed to work together, quickly,” Dodd said
solution being proposed by the Bush administration is the most expensive bailout in the nation’s history, sharply curtailing the ability of the next president to push for tax cuts or new spending
AAAAAAAAAAAHHHHHHHHHHHHHHH!!!!!!!!!
I'm telling you, next Friday the world ends.
With this combo how can they fail?
I'm really laughing on the inside. This is just too good. Lao. your killing me with these posts, really.
Is This For Real
in Jobs, Economy, Banking, Business, Investments
Posted
And as such, he has just signed a 6 figure deal with Fox news!
Possible considering a 2012 run at the white house on the Palin ticket 