quote:Originally posted by rimasco posted August 10, 2007 11:09 : The fed shoulda kept the marekt under wraps better...then again its all the same. The markets will find there place.
Only problem is I think its place is 1000+.....LOWER
well Rimasco? your crystal ball is pretty darn good...
you still around or did you take all your profits and move to some small Mexican Isalnd where you can live like a King on 40$ a day?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
even with overseas markets going down? we are still doing well with our overseas ETF's
the key is the drop in the dollar.
-over the last two years? low to mid-level quality (hand-maufactured) Venetian art glass has doubled or more here in the US mostly due to the exchange rate-
here's what i see right now:
We (the US) are dumping cash as fast as we can into the economy, which forces the US$ down, a few of the foreign currencies are trying to put more cash into the economy too, which is keeping the US$ from dropping faster.
inflation is coming big time.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted November 27, 2007 07:25 PM --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by glassman: so imake are you having fun in this market?
i am not doing anything aggressive. i am enjoying the show for now.
if we end the year 8% up i'll be surprised, but i think we'll still end the year up more than 5%.
our gas prices are going up a nickel a day in our area.... IMO? if we hit 4$/gallon national avg? the recession be "on" --------------------------------------------------------------------------------
SORRY GLASS, I MISSED THIS, YES ITS BEEN GREAT FOR DAYTRADERS, AND 12,000 JUST MIGHT NOT BE TO FAR OFF,JMO
-------------------- EVEN IF YOUR ON THE RIGHT TRACK, YOULL GET RUN OVER IF YOU JUST SIT THERE.
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-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
I think some big time investors are loving these swings.(their playing both ends) The market has lost many smaller investors because of fear from the slowing economy and for good reason
This has allowed the bigger investor to control the market even more.
The market should be much lower if the economy really has a lot to do with the market price.
Posts: 3875 | From: ca. | Registered: Jul 2005
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quote:Originally posted by rimasco: Im thinkin DOW 10k... unless of course Ron Paul gets elected as an indie!!
10K is quite possible rim, it's really hard to tell how bad this will get now.
Fed to pump $215b into US economy
* March 8, 2008 - 11:26AM * Page 1 of 2
The Federal Reserve moved to add as much as $US200 billion ($215 billion) to the banking system over the next month to offset a deepening credit crisis that may have already pushed the US economy into a recession.
The central bank raised to $US50 billion each from $US30 billion the amount intended for auctions of funds on March 10 and March 24. The Fed also said in a statement in Washington today that it will make $US100 billion available through weekly 28-day repurchase agreements, where the central bank will lend cash in return for assets including mortgage-backed bonds.
posted
I can afford my house, but can I refinance to a higher rate, take out a bunch of cash from my equity, and then default so the gov't will bail me out? Then I walk away with a wad of cash, right? Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: I can afford my house, but can I refinance to a higher rate, take out a bunch of cash from my equity, and then default so the gov't will bail me out? Then I walk away with a wad of cash, right?
yeah, and the guys/gals that wrote all this bad paper are theives, that get paid in the MILLIONS of $ per year...
"the truth about the world is that crime does pay".
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
In our culture, crime pays - Why? Ultimately, the society will self-destruct. It is so striking why We the taxpayers bail out those that lied, cheated, deceived and made the millions and ruined lives of many. Why are they not prosecuted? Why dont they face jail time and financial repay?
Where is justice? Their crime is life in prison for most of them put a country at high risk, ruined lives of millions, deceived and lied and got millions for it and then after their greed, we the taxpayers bail out the cheaters?
Where is justice? They s/b prosecuted and face life imprisonment if applicable for their crimes and their wealth taken from them and given back to taxpayers. Seems like not only do we reward but we also absorb all costs..
I have worked on tons of IT projects - it is amazing at the incompetancy and the millions all get- but in the end- the projects fail where there is incompetency-
Same appies to our country - the deception and greed should not be rewarded - ultimately that is destruction of a society---
So, as a person who wants a future for my kids, what do we do?
Posts: 864 | Registered: Jun 2004
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posted
i dunno TM, the thing is? in the economies case? nothing has actually even been fixed. it's been swept under the carpet, next month we get "free money" too...
our country is no longer free market capitalism, i dunno what it is.
in China? the govt steers World Bank loans to companies that default over and over again. the Govt ends up with all the cash, here? the govt ends up with all the debt. it's hard to say how this will all play out.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
It is very hard to know how it all will play out. I agee nothing been fixed but big fallout ultimately-- Putting more credit - debt-into the economy band aids it for a short while but the cause is unadressed. Govt cowards hence the peoples' democracy-
We need more jobs in this country - free trade is great but non-existant- nation states compete and we have to take care of us before the rest of the world...in spiritual gotta love yaself before others...
reasons fo mess:
1. oil - I do think solar, maybe other alternative can get us out of this oil dependency that has wrecked havoc in our lives--- it wont come form govt- those *******s - but from WE the people who will entreprenership for profit--
2.. Next, the mortgage mess- criminalize them - and negoiate for homeowners- not a freebie but reasonable repay mortgage--
3. And, finally - Iraq- why we there ?? oil? I do think if we go solar alot of our problems will be solved - no oil dependency makes no need fo politicl blunders--
How do we get out of Iraq? It will be easier if we are innovative and lessen oil special interest. One way - solar- Then, take our country back -
HOw? I dont know? Hope there is enuff good folks who want it back--
Hey, this mess is worse than a recession- action mecessary and what do we get? Action that exacerbates problems more??
I am not a high politicain or govt officail but putting credit into a creit problem is dumb.
Where is some leadership fo the good of this country? Crime pays so no leadership for what is good for america.
It is sad - but ultimately it is the collective will -
Posts: 864 | Registered: Jun 2004
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posted
i'm working on a proposal to send to my Governor on how to kickstart solar. i won't have it ready for at least another two months, but once i do i'll post it so everybody can "spam" their elected representatives...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
I'd be glad to send my crazy a$$ Governor some 'spam', before they have all us eating Spam for dinner every f'n night. But good luck trying to get that Texas Governor to go solar.
Posts: 2634 | From: The highway | Registered: Feb 2004
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quote:Originally posted by Highwaychild: I'd be glad to send my crazy a$$ Governor some 'spam', before they have all us eating Spam for dinner every f'n night. But good luck trying to get that Texas Governor to go solar.
they might if it generated taxable income for everybody, and increased property values to boot...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by thinkmoney: Awesome - glass-
it's not really awesome, it's just math.
the hardest part is to "locate" lending to create the programs. the numbers are pretty big, but the larger the programs are? the cheaper the purchase prices should be.
would you be willing to pay income tax on your income from your solar panels? (hint, you have to pay income tax anyway)
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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the interest (absolutely) must be low (like 3% or less), and must be paid each month,
BUT, it would be tax-free to whoever backs it.
the principal does not NEED to be paid until you sell the house, at which time the value of the solar panels is rolled into the new mortgage...
win-win for everybody.
50 thousand will buy a very powerful solar array that will produce excess juice for almost every household for thirty years... a solar array in that price range will produce all of MY household elctricity in 10 days or less per month. In summer when AC demand is highest? it should still produce at about that rate.
the electricity you USE yourself would not be taxed, but what you sell back to the power co's would generate income for the state to service the bond packages and then some SHOULD still be left over.
once the house sells, and the solar cell loan is paid off? the tax can then be used by the state 100%
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Mathematically, it sounds good - the weakness I see is - another expense for me?
$50 K is alot to borrow fo most americans on top of all their other expenses and debt-
I am interested to know more - I think we should push higher solar cedits to lessen the cost for more Americans---
Posts: 864 | Registered: Jun 2004
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if we don't go big? it won't work because we need to develop excess capacity to begin to plug cars in to our solar cells, which will increase what we use...
50,000$ at a standard mortgage type calculator at 4% for 15 years is 369$ per month. at 30 years? it is 238.7....
at 3% it drops to 210$/month for 30 yrs and 345$ for 15 yrs. those figures are from standard mortgage tables, they could be lowered with apropriate tweaking, or they could be raised to pay off th loans faster.
basically? your electric bill will GO AWAY, and you will get a check every month or year from the power co., the State would get a check too, based on your check....
so your net cost would be very low...
when you can buy a car that runs 50% off this? you will begin to see real returns. the cars would follow quickly.
the hardest part is to lobby against the "powers that be"...
the oil co's make enough profit now to float the bonds for the whole country, not just certain states, 3% tax free is not a great return, but it's better than the mortgage profits everybody is (not) making right now
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Well, my electric bill now is about $450-$550 a month, so where do I sign up?
quote:Originally posted by glassman: yes, 50K is alot to borrow.
BUT?
if we don't go big? it won't work because we need to develop excess capacity to begin to plug cars in to our solar cells, which will increase what we use...
50,000$ at a standard mortgage type calculator at 4% for 15 years is 369$ per month. at 30 years? it is 238.7....
at 3% it drops to 210$/month for 30 yrs and 345$ for 15 yrs. those figures are from standard mortgage tables, they could be lowered with apropriate tweaking, or they could be raised to pay off th loans faster.
basically? your electric bill will GO AWAY, and you will get a check every month or year from the power co., the State would get a check too, based on your check....
so your net cost would be very low...
when you can buy a car that runs 50% off this? you will begin to see real returns. the cars would follow quickly.
the hardest part is to lobby against the "powers that be"...
the oil co's make enough profit now to float the bonds for the whole country, not just certain states, 3% tax free is not a great return, but it's better than the mortgage profits everybody is (not) making right now
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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