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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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2011 market crash coming?
Try to keep this off PARF, okay? Can't paste it all so you'll have to click...
Arthur Laffer: Tax Hikes and the 2011 Economic Collapse - WSJ.com
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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06-07-2010, 09:11 AM
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Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
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I predict snow tires will be in great demand
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Jim R. |
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06-07-2010, 09:48 AM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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He's right.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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06-07-2010, 09:59 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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Laffer's no dummy...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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06-07-2010, 10:00 AM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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I was having trouble understanding why we were going so long before the second dip, and why the economy seemd to actually be growing despite the impending tax hikes and increased regulation (government control).
Laffer's answer is essentially: get what you can when you can.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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06-07-2010, 10:11 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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Pretty much that...unemployment figures being propped up because of Government jobs, many of those, like census workers, are temporary...lots of smoke & mirrors out there.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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06-07-2010, 10:18 AM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Quote:
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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06-07-2010, 10:23 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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The economic fundamentals are NOT sound at this time. Change may or may not be forthcoming. Markets and businesses HATE uncertainty...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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06-07-2010, 10:25 AM
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Registered ConfUser
Join Date: Aug 2006
Location: Waterlogged
Posts: 23,491
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Very impressive bunch of dribble. Unless you're retiring in the next 2 or 3 years and happen to believe his crystal ball, the article isn't worth the paper it's (not) printed on. Looking at the market in 10 year increments is a more logical and less stressful model for retirement investing.
So....here's my sage prediction. The market will go up. The market will go down. People will get rich. People will get poor. But in the long run....no one knows jack shiss. Slow news day?
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Mike “I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll. |
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06-07-2010, 10:30 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Abbey Joesph Cohen of GS..says look to the underlying economy and that is pretty good...that it is a matter of the percentage of the tax hike...she says that there will be some selling for CG, but the money will be reset into the market after the tax liability takes place. Also the old addage is buy the rumor and sell the fact..or vicey versa..so markets will tend to be discounted before the fact arrives...
The end of the world is not going to take place because of the resetting of the old tax rate...it will tend to damper down the growth rate going forward..as capital that was available for investment is now diverted into the government coffers, but htis will have a lagging effect. . This new tax increase will be one more nail in the coffin that Obama is building..
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Copyright "Some Observer" |
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06-07-2010, 10:31 AM
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Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
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it's B2's fault
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Jim R. |
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06-07-2010, 10:40 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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Trying to shove us on to the politics board, Jim? Hey, if you wish to invest in snow tires, go right ahead.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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06-07-2010, 10:41 AM
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Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
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Re-read tabby's post, Paul. With your eyes open.
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Jim R. |
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06-07-2010, 10:42 AM
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Registered
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Location: Linn County, Oregon
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I did...I'm also not a believer of Abbey Joseph Cohen...she's been wrong too many times before.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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06-07-2010, 10:47 AM
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Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
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Wow, you made through the first two paragraphs before your eyes closed. Good job!
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Jim R. |
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06-07-2010, 10:53 AM
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Registered
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Location: Linn County, Oregon
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Insult all you like...Abbey's record as an "elf" on the old Wall Street Week TV show was pretty darned pathetic.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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06-07-2010, 11:02 AM
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Banned
Join Date: Sep 2006
Location: South of Heaven
Posts: 21,159
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"Ecomomists exist to make weathermen look good."
~Friedman |
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06-07-2010, 11:14 AM
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Quote:
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06-07-2010, 11:50 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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Quote:
__________________
"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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06-07-2010, 12:02 PM
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Control Group
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Quote:
I think 2010 would be a good year to convert the wife to a Roth IRA
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She was the kindest person I ever met |
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06-07-2010, 12:47 PM
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1979 Porsche 911SC 3.0
2004 Mazda Miata
