mnealtx 0 #76 March 14, 2008 QuoteYeah but it isn't a problem. You just give more tax breaks and more money back to the tax payers and the whole issue is solved.... Yup, that basically covers both sides of the political spectrum...Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
kelpdiver 2 #77 March 14, 2008 QuoteQuoteQuoteI hate to say I told you so, but many of you guys in here supported these guys(ronnie, goeorge and george) with thier goal to line their pockets as much as possible by fulfiiling thier evil adgenda, while many others warned that your economy will surrer tremendously..... You told us this back in 1980? Or 1988? Or 2000? Nope, Nope, and Nope. You registered in 2002. What does the availability of an internet forum have to do with whether or not he (and others, including me) predicted in 1980 et seq. that Voodoo Economics would ultimately dig us unto a huge hole. Because "he told us so." No idea what his age is, but very few people here voted for or against Reagan, a signficant portion (majority I suspect) did not vote for Bush in 1988. Not all were even of voting age when Bush Jr. came along. It sounds more like armchair quarterbacking. Quote Share this post Link to post Share on other sites
Amazon 7 #78 March 14, 2008 Quote Conservative economics - the philosophy of spending more, making less and pretending that it will all somehow work out in the end. Hey they dont plan on ever balancing the budget.. they believe all of them are going to be RAPTURED out of this world any day now Quote Share this post Link to post Share on other sites
Casurf1978 0 #79 March 14, 2008 QuoteAnyone thinking further than this month about oil is gambling. I don't think the dollar will stay as weak, and oil prices have been going up despite increasing inventory. That's what the commodities and futures markets are all about. It's gambling but at a very, very sophisticated and complicated level. Now add to this mixture the Bear Stearns bail out and I really don't see oil or gold retreating any time soon and the dollar sinking to new lows. What will probably happen is banking/government intervention both domestic and abroad to somewhat stabilize our currency and markets. Quote Share this post Link to post Share on other sites
tbrown 26 #80 March 16, 2008 Time for helmets & earplugs. Your humble servant.....Professor Gravity ! Quote Share this post Link to post Share on other sites
joedirt 0 #81 March 17, 2008 Quote Anyone thinking further than this month about oil is gambling. I don't think the dollar will stay as weak, and oil prices have been going up despite increasing inventory. Gold is even scarier to invest in as the supply of it isn't likely as limited as oil. And the silver speculators buying into RichDadPoorDad's claim that there is only a 10 year supply remaining...suckers. You got any fundamental reason why the dollar will rise? Quote Share this post Link to post Share on other sites
kelpdiver 2 #82 March 17, 2008 Quote You got any fundamental reason why the dollar will rise? Sure, it's being oversold right now. The euro moved from 90 cents to 1.57 in a pretty short time. I don't believe the fortunes of the EU and US have changed nearly so much. In time, equilibrium will return. When? I don't pretend to be a market timer, I only think in the longer picture. If you believe in buy low, sell high, now is the time to focus on the buying side. But maybe after the first couple days this week. We might see people jumping out of windows today. (BSC) Quote Share this post Link to post Share on other sites
Misternatural 0 #83 March 17, 2008 Bwahahaha Senator Chuck Schumer just said that the financial markets need more "Bling". Edited to add that to be fair- I can't get the CNBC vid transcript of this cuz its a windows file but he essentially said that the Bush administration and the Fed needs to back up the talk with the cash. also get involved in the housing crisis... still, the whitest man in America said "Bling" during the interview. Beware of the collateralizing and monetization of your desires. D S #3.1415 Quote Share this post Link to post Share on other sites
joedirt 0 #84 March 17, 2008 Being "oversold" is subjective. You make it sound like a stock market, not a currency. Why would people buy dollars when we keep creating money at unprecedented levels? The floating exchange rate still holds but theres a problem. If the workers in S America are making $1.50 hr US, and the worker in China is making $0.50 hr US, and the worker in the US is making $10.00 hr US, Then how far will the dollar have to fall before our manufactured goods become cheap? Even worse, since the Euro, Yen and other major players are on fiat currency too we could have global inflation. Especially if they decide to follow our lead and "liquidate" their markets. Then the dollar could bottom yet oil, gold and commodities would still rise. This is how I see the fundamentals. Quote Share this post Link to post Share on other sites
kelpdiver 2 #85 March 17, 2008 QuoteBeing "oversold" is subjective. You make it sound like a stock market, not a currency. Like the commodities, it''s both. Lots of ads for people who want to dabble in the forex game. ADD: Soros destroyed the currency on a nation before - can't recall if it was Brazil or one of the countries in SE ASIA like Indonesia. Quote Share this post Link to post Share on other sites
