Straight To He11 Boy

[tabs]

Originally Posted by tabs
The transition to alternative fuels needs a relativily intact and robust economy to FUND THAT TRANSITION. If the economy is bust there will be no money to effect that transition.


Do the Democrats understand this economic concept? Or will they get all Idealistic on ya and pass legislation that stifles the economy and in effect hinders a transition.

[ckissick]

Originally Posted by tabs

Originally Posted by tabs
Do the Democrats understand this economic concept? Or will they get all Idealistic on ya and pass legislation that stifles the economy and in effect hinders a transition.

That's a rhetorical question, right?

[RPKESQ]

Originally Posted by tabs

It is the many that haven't listened that will drag the few down. U generally offer good advice for the past 63 years of history. However as the 500 pound Gorilla that the USA represents in the world economy so follows the rest of the world.

What caused the Great Depression was a crisis of liquidity. In 1929 Stocks could find no buyers and went into price free fall as people were called on their Margins they had to liquidate at any price. The BOND market in 2008 faced the same threat with the Sub-prime Bonds, they were becoming unsaleable at any price. If the Bear Sterns Deal did not take place the Bond market would have seized up, and an ensuing crash would have taken place...(collateral damage from a Bearn Sterns BK).

Tabby, the 500 pound gorilla is now the EU. Look it up.

As for your mortgage payments Aurel. Did you buy a house to live in or an income property? Did you by in '89 to 95 in So Cal? That is when the property market was last way down in So Cal. That is when you should have bought income property (if you live in a different area, then you should have bought in the last down cycle in that area). If you missed the last down cycle then wait until the next one. You need to judge if your mortgage is a real investment or just a money pit where you live. They aren't the same thing at all.

Milt, as far as the 25% income rule it applies everywhere. I did it in Santa Monica, CA for years (20+yrs). I did it in Manhattan, I did it when I was going to college and working three jobs, I did it in the UK in London, and I did it in Chicago. I feel I can do it anywhere I can earn a living. You do have to be able to earn a living. You cannot do it on welfare or such. But I search high and low for the cheapest place to live and the cheapest way to get to work. I did not live in dives or dirt. For instance, when I wanted to move to CA, I researched the areas with the cheapest rent. I then picked the upper two thirds of the list and checked them out. Guess what? Santa Monica had one of the lowest rent rates around. Why? Rent control. So I lived next to the ocean, in a small apt. with just enough room to swing a cat, saved and invested my money, bought two properties in France, rented them out, bought a small vineyard and rented that out, bought art, worked, traveled, invested, enjoyed several Porsches, cycles, boats and aircraft. Made sure everything I bought was in long-term high demand and always waited until I found a very good deal before buying. It can be done. It just takes a (forward looking) plan and some discipline.

[tabs]

Which nation consumes most of the worlds goods and services?

[the]

The stock market will fall. I thought that it would have by now, that's why I posted a poll last winter asking for predictions as to what the market would be at on the last day of '07.

I thought it would be somewhere in the 9,000s by the end of '07.

Like usual, I was too early in my prediction. But it will come true, the Dow will be back into 4 figures at some point. I'm not sure what's been propping it up this high for this long.

[tabs]

Microsoft is a DOW component. It is currently trading around $29 a share with a book value of around $40. How is the price too high?

The Stock Market has been under performing for years now. It has been plagued with one malaise after another.

[tabs]

Ohhh yeah...RPK esq...say thank you to Jane Fonda for that rent control you enjoyed while living in Santa Monica. She was instrumental into turning Santa Monica into the Peoples Republic. Many of the landlords could not get a decent return on their investment because of that rent control.

[RPKESQ]

Originally Posted by tabs

Ohhh yeah...RPK esq...say thank you to Jane Fonda for that rent control you enjoyed while living in Santa Monica. She was instrumental into turning Santa Monica into the Peoples Republic. Many of the landlords could not get a decent return on their investment because of that rent control.

Sure why not? I did not vote for that. I am totally against that practice. I am a landlord myself. But I sure as hell took advantage of it. My first rental property was a 2 bedroom apartment that I rented under Santa Monica rent control for $275 per month and sublet for $650 per month.

If you don't seek, investigate and utilize the opportunities then you make life much harder

[tabs]

Checked the results of a Spoon Auction held in the Midwest today ...generally good quality modern collectible spoons...prices were competitively bid, pushing the higher end of the price spectrum.

So as of today therr is little to no weakness in this market.

[VINMAN]

Originally Posted by milt

I started to post a new topic and then resisted the thought. But, tabby is right.

A colleague of mine is building a custom home in Newport Beach for an obviously rich enough client ( or a complete fool). Every day as many as 10 trucks roll up and someone is looking for work. This includes laborers, subs and even generals who have nothing. But wait, it gets better.

The colleague tells all that he has all of his crew and subs in order from previous jobs. The people in the trucks won't go away. They beg and argue; let me bid this, I'll beat anyone's price and so on.

All my guy sees in their eyes is fear. It's not far from getting nasty.

Good point Milt! Half my customers are calling up cancelling jobs. Most saying ther really cant afford to do it now. People are scared. They are holding on to their money. I see alot of contractors underbidding and cutting their own throats to get and keep work.

[DanielDudley]

Originally Posted by tabs

Checked the results of a Spoon Auction held in the Midwest today ...generally good quality modern collectible spoons...prices were competitively bid, pushing the higher end of the price spectrum.

So as of today therr is little to no weakness in this market.

As long as it doesn't effect your precious spoons, then I guess we are all gonna be OK.


The money has all been siphoned up by the top 2%. Pretty soon dey's gonna own everthing. We all gonna die Miz Scarlett !

Jeese, suck it up and be a little conservative with your funds. And stop worrying about stuff you aren't ready to sell yet anyway. Meanwhile, the rest of us will have to keep working, so we can keep eating. That stupid Jimmy Carter wanted to put in place programs that would have put us where we need to be today, and now you wake up and are ready to do something that is most likely being guided from a bought and paid for seat. Well, is it going to be new energy technology, or a new scavenging technology? Do we invest in Oil, and domination, or R&D and a different road ? What to do, what to do ?

Don't worry. There is still a need for bussers at the Taco Bell. Minimum wage, and one free meal a day.

Sorry for the sarcasm Tabs, but guys like you don't usually miss a meal, even when things are essucking. So Snap out of it. If you haven't noticed, some people here are already navigating in rough waters.

[1967 R50/2]

I'm not worried in the least.

Over here in Beijing, things are still going on full tilt. The decline in the SSE, rampant inflation and 18% hike in fuel prices...doesn't matter. There is work to be done and people are more than willing to do it. And trust me...nobody in the US has it as bad as some of the people here.

The US will continue to be a global economic power, but in a decade it will just be one of many rather than the only one.

The cheese has moved.

Hasta.

[K. Roman]

Finally the GOP understands that America is in trouble. Usually, according to the right, this would go down as unpatriotic banter. Thank you Tabs for manning up and telling it like it is. You sir, are a PATRIOT!