Search results

Our trading partners fear stopping the music. It will damage them as well as us. They invest in the bonds because they are even more afraid not to. My guess is they will try to gradually shift out, and maybe try to hedge it quietly. The bigger question is why is OUR government so stupid...

There is a house for sale up the street that was just built about 2 yrs ago. I know that it sold for $675k new (its not on the lake or park), so it will be interesting to see what they are asking now and what it goes for. On the one hand, I hope they get a good price for it because it makes...

Nowhere near bottom.

I wouldn't even consider buying those coins.

WRONG! Read your Constitution. Those islands are not a state. Also, if I recall correctly it grants the Federal government the power to "coin money", not "issue legal tender". Big difference. The founders lived through the days of "Not worth a Continental", which is why they only...

I hate to be the one to break the news to you, but TIPS have risk, just like any other bond, whatever nation might be printing them. The risk is a function of the cumulative debts and promises made by that nation as compared to their ability to tax to pay off those promises in addition to...

They will "cash in" the trust fund? LOL, dude, all they have in that "trust fund" is IOU's from the US Government. And additionally, since they are using the surplus of SS revenues over payouts to make the budget deficit look smaller (and have been since the days of Pres Johnson), the are...

When the inventory of homes, prices, and year on year permits/starts stop dropping, and foreclosure rates get back to normal, lets say for 2 or 3 months, then I think you could guess the bottom has been hit if the economy doesn't worsen from there.

Its pretty obvious the entitlements can't be paid post 2010 or so, at least not with money worth anything near what it is today. Anyone want to argue? Just tell me where the money will come from. Don't bother telling me they will borrow it, because that would imply they will do so...

My money is in Gold and Miners. At least I know it will still be worth SOMETHING in a few years. Money supply growth will eventually cause inflation when someone tries to spend that money, IMO. Do I need to be an "economist" to understand that? Your TIPS are a "trick". You lose on...

LOL, you think they are going to pay interest on the real inflation rate? They'd have to admit what it is and need to pay it to everybody if they did. Inflation is running somewhere between 7 and 10% currently. 10% makes sense because they are increasing the money supply by over 10% a year.

I think you all missed the point of his last post. If he thinks a Corvette rides too rough, he sure as hell won't like the way a Ferrari rides. Anyway, if he hasn't got the bucks for a new one, how's he going to pay for repairs/maint on an old one. For example, on my BMW M Roadster...

Think or swim will really eat you alive. check out the Barrons comparison. Scottrade might be $3 less, but they have a real lousy rep for executions that I've seen. I have a bunch of accounts. TD is the cheapest for the best service so far. I should qualify that with the fact that I...

I tried buying foreign sovereign bonds a couple years ago to hide the money from dollar devaluation... I split it between German, NZ, UK and AUS bonds. Net gain was much smaller than expected because even though the dollar dropped as I had expected, the bonds declined because their rates rose...

Putting it in a safe deposit box in the U.S. is NOT a good answer. That would be defined as "hoarding". Go read your history book. Where do you think all the gold the U.S. government is supposed to have came from?

No. I'm the last honest investor.

I think if you read the Constitution, a state can legally issue coin. Those guys aren't a state. It also only allows money to be "coined", the reason being because of the huge loss when the Continental dollars collapsed in value. It doesn't matter, the government selectively ignores the...

US Dollars are just fine for buying things today. Ok, prices have gone up, but the greenbacks are still spendable. I think the problem will really begin about 3 years from now as more and more baby boomers retire, produce nothing, get checks from the government, pensions, 401k withdrawls...

As long as the bank will lend the money plus their big fee, they don't care, because once they get it, they have no liability, and the banks and bondholders are left holding the bag. After that, the cost cutting needed to be able to make the payments ensures the employees are screwed. Then...

I think its going to be a retirement HELL for the people already here who find themselves with high costs to live and little money to do it with.