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  1. M

    Buffet doesn't see a credit crunch

    I have a lot of respect for Buffett. As for his opinion on the "credit crunch," he can't be 100% truthful, can he? He has a lot at stake, so does Bernanke and the White House, and Goldman Sachs, etc.... We here on these message boards do not. We have the luxury to call it as we see...
  2. M

    A Bad Market? You Ain't Seen Nothin'

    Hedge Funds around the world have invested in CDS contracts. I think the lid is about to pop off. http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3256253.ece This will make the Savings and Loan crisis look small by comparison. And where's my...
  3. M

    Markets woes- blame the scarity American consumer

    Now I understand. I guess telling you a little 'bout me will shed some light onto my views. And I also understand your anger - you're still in the mortgage biz and still in that denial/anger phase. I too was in the mortgage business. Did well, and did the right thing. (Which means I made...
  4. M

    Markets woes- blame the scarity American consumer

    So am I. But I'm taking the larger view that most are not. I see it from the people I talk to every day. And being that no man is an island. It will affect us all. One way or another, directly or indirectly, we are all in industries that rely on consumers. So yes, today, you and I are...
  5. M

    Markets woes- blame the scarity American consumer

    You're not too bright are you? OK, for argument's sake. It's all our (middle class) fault. All we do is blame others. Fine. But let me make my point again, because it appears you are somewhat thick. WE HAVE NO MORE DISCRETIONARY INCOME. Believe me, we would love to buy more...
  6. M

    Markets woes- blame the scarity American consumer

    The American consumer a "scaredy cat?" What planet are you from? How about getting out of your hole every once in a awhile and venture out into the real world. We're tapped out. Our salaries are stagnant because of outsourcing, H1B Visas, illegal immigration, busted unions, global...
  7. M

    Trading is extremely rewarding, but do you really think its forever

    Genije I think a wage slave such as myself will have to clear it up for these folks. Fellas, There is investing, there is trading, and there is extracting. Lately we wage slaves have been experiencing more of the extracting effects of your endeavors and less of the investing part...
  8. M

    World Without US Dominance

    Hardly the case. We have the most interests to protect, much like England did when she was a colonial power. We inherited her role. Occasionally we mention human rights, but that's only when it's convenient or a special interest group gets involved. Kissinger himself said altruism and...
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