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That is simply not what you said. I have already posted your quotes. No need to do it again.

Is it reasonable to buy the out contracts ... say June '10 instead of the Dec. '09 in order to roll them less often. Or is there a way to roll them at lower cost. Seems to me many who think gold is a reasonable investment (as opposed to a trade) intend to hold for years not months

Imbecile ... your entire freakin' point was that it was irresponsible to open a business unless you had the cash or a guarantee to cover the ENTIRE TERM OF THE LEASE. Don't you get what people are saying to you? Don't you understand that your prior posts are here for them to read? You keep...

He so strongly linked the rise in equity to the weak dollar -- the re-inflation trade in my mind -- that he seemed to believe: No more weak dollar = no more rally.

There is the story of an economist in 1932 who was growing more and more pessimistic as the country slid deeper and deeper into the depression. Seeing his mood a student asked him "but just how bad can it actually get". He looked at the young man and said simply "The Dark Ages". Societies...

He asked what was said not what you thought.

He expressed a much more dramatic point of view than that the market is correlated to the dollar. He went on to say that in his opinion we were a few ticks away from a potential disaster yesterday. His contention was that if the dollar rally had continued just a bit more the 100+ point sell...

My crystal revenue ball is in the shop. When it comes out I will continue this conversation.

But that is my point. You think he needed 84 months rent on hand (or a guarantee of) to prudently open his doors and I believe that even if he had only 74 months on hand it might still be prudent. Depending on the totally of the circumstances maybe even 64 months or, god forbid, even 54...

Note your word "already" in both your first and last sentences. If the last sentence ain't a full cap-ex statement what is? On 10/25/09 at 11:48 PM you said: Umm - why did this person sign a 7 year lease if they didn't already have the capital to support it? Your argument fails in the...

I never said ANYTHING remotely similar to that. NEVER. His contention was if you sign a 7 year lease you need to have 84 monthly lease payments prior to the commitment. I think you and I are not on opposite sides of this debate. Look at what I have ACTUALLY said not how it has been...

What rebuttal? He asked me if I thought you needed to take a bank loan to start a business. That's a rebuttal? And I even answered him.

I hate to give any of these bullshit pundits any credence but Debaser is right. Faber is a notch (OK ... maybe only a half notch) better than the rest. He knows their are no straight lines up or down and is sometimes in tune with the markets. More than I can say for the others. Sound bites...

All the pundits worth their salt do it and have forever. Give print people a headline and broadcast people a sound bite. Media 101

It is just at the point when it seems to be old and tiresome that the collapse is about to appear on the horizon. Big events set up in big ways over extended periods of time. Your song is not old it is a classic.

Reading Al's book is one giant pain in the ass. But I am thrilled that I read it. Quite a bit of useful insight between the covers. Next time we are all hoping he writes one in English.

Karl ... I will answer this one reply from you and leave it at that. To go back and forth repeatedly with giant ignorant assholes is fruitless. I stand corrected -- the lease in question was 7 years or 84 monthly payments. I have never taken a bank loan to open one of my businesses but...

All of the "pundits" have discovered that drama sells. Add that to the fact that most are clueless regarding markets and that even those who have a clue (Faber has more than a clue) make five and ten year predictions with more certainty than we would making a five day prediction off a daily...

Some months back I swore off saying anything negative in posts. It just struck me that I should not add to the insanity. I have been watching this post and occasionally putting in a fairly bland comment here and there. But enough is enough. It is 100% clear that krazykarl knows zero...

Anaconda has it right. You can't expect a telegram telling you about the gathering storm clouds right in front of you. The reason most of these businesses were unsustainable is that they never had a business model that worked in anything but boom times. Those who have been KO'd in these early...