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06-16-2006, 10:39 AM
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#1 (permalink)
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Black Belt
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american economy
i think things are going to deteriorate from now on. this is not a doomsday scenario, just my observation from what i see, and feel every day. inflation is going up, unemployment is above 2001 levels, and the dollar is unstable. the treasury department can not make up its mind and send a straight foward message to the currency markets as to whether it supports a strong or weak green back. the hot housing market is finally beginning to show signs of slow down. the feds chairman has flipped flopped a few times in the past week, saying that rates may go up again, and keeping them stable, then saying the fed would tighten the grip, and turn around and raise by a 1/4 point.
the economy is bad when when my neighbor loses his job. it's tragic when i lose mine. and it's outright in depression when the economist loses his. we haven't reached the later stage yet, but this uncontrolable cost of the iraq/afghanistan war is going through the roof, and our lenders, most notably china and japan will eventually diversify their holdings, maybe even with a drastic 20% switch to euro denominated reserves.
my fellow americans, shan is about to hit the fit, and i ain't shitting about that.
__________________
Winning is not everything. It's the only thing.
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06-16-2006, 11:30 AM
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#3 (permalink)
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Black Belt
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Originally Posted by HomeCheese
I strive to have a pretty diverse portfolio and things were going really well the first quarter of the year. One thing though, I could never figure why the market was moving so fast this year. Come April, I wanted to sell everything and pull out for a while as it seemed the run-up was not permanent. Alas, I don’t try to time the market so I’ve stayed in. Well, I guess I was right for once and could have saved a bunch of money. Perhaps it is time to go a little heavier in international securities.
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you obviously know what you're talking about. diversifying is the key. in the dog days, commodities, especially precious ****ls, such as gold, may sound like the best bet. i always tend to play it safe. i guess that's why i never really make a bundle.
the market is free, but it's also ultra sensitive to the market-makers psychology, and most of them, the big investment houses such as goldman sachs and others are producing reports advicing their clients to stay put and ride the storm. who am i to argue.
__________________
Winning is not everything. It's the only thing.
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06-16-2006, 05:01 PM
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#4 (permalink)
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Banned
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Originally Posted by SuperGNP
i think things are going to deteriorate from now on. this is not a doomsday scenario, just my observation from what i see, and feel every day. inflation is going up, unemployment is above 2001 levels, and the dollar is unstable. the treasury department can not make up its mind and send a straight foward message to the currency markets as to whether it supports a strong or weak green back. the hot housing market is finally beginning to show signs of slow down. the feds chairman has flipped flopped a few times in the past week, saying that rates may go up again, and keeping them stable, then saying the fed would tighten the grip, and turn around and raise by a 1/4 point.
the economy is bad when when my neighbor loses his job. it's tragic when i lose mine. and it's outright in depression when the economist loses his. we haven't reached the later stage yet, but this uncontrolable cost of the iraq/afghanistan war is going through the roof, and our lenders, most notably china and japan will eventually diversify their holdings, maybe even with a drastic 20% switch to euro denominated reserves.
my fellow americans, shan is about to hit the fit, and i ain't shitting about that.
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Good post.
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