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bernanke is the reason why college profs should stick to writing textbooks...

someone needed to buy bernanke a book on the austrians school of economics for xmas

i'd short when you start to see a loss of momentum in their earnings or margins. but also have to consider how the market is moving cuss you might end up early to the party with a nice margin call before the drop

soon time to melt down my forks :p

japan...

could the loss in purchasing power be moving away from the gold standard and not so much the fed?

ok so nem drops to 55 at most then continues to go up as gold keeps going /me twirls finger in the air

maybe they were clients?

well it won't happen overnight if it ever does. japanese have never been great innovators but they have added value to innovations of others. britain was an economic powerhouse years ago before the US took over. another change at the top can happen, especially if another bush gets into...

in 20 years that country may be japan

well with buffett its about buying good businesses at a good price. whether it was a whole or part of a company his philosophy was the same. i'm sure if he could have bought coke for a good price he would have, but buying a whole publicly traded company can command some hefty premiums.

GM smee em. any company that gives away products then later says 'in hindsight that was a bad move' doesn't mean a thing economy wise. they were screwed regardless of economic conditions but yes things are shaping up for a rough 06.

but is it in their best interest to see the USD drop? it could have a huge impact on the global economy by setting certain wheels in motion

you know, i don't actually know. i know he got killed in the depression but faired better than others and learned from the experience. his pupils have done excellent including buffet who called security analysis the bible of investing. like the art of war, it may be an old book but...

security analysis and intelligent investor. read from his mentor and berkshire's annual letters.

well of course you don't sit on gold. its an investment for when things aren't looking good.

real estate and US dollar crashes. global depression occurs and a decade or so later the yen is the world's reserve currency after countries go back to the gold standard?

opened up regulations from the past...

this isn't a very smart comment. gold has more value than any currency. when currencies turn to toilet paper gold will be standing tall and proud in times of crisis gold will always be there.

i wouldn't say perfect. if its soft he can count himself lucky that certain events don't occur. techs crashed in 2000, solution create another bubble for a soft landing. now they overshoot on rate hikes and will have to drop rates when growth slows late in the year. but wait, a dropping...