When you live on a different frequency you just don't hear the world's noise!
Sunday, August 16, 2009
Open-Thread
I am posting an open thread for any questions or comments related to the blog. Feel free to offer any compliments, suggestions or critiques. Have a great week! Levik
What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience? - Adam Smith, 1763
Keys to Wealth
In short, the way to wealth, if you desire it, is as plain as the way to market. It depends chiefly on two words, industry and frugality; that is, waste neither time nor money, but make the best use of both. Without industry and frugality, nothing will do, and with them everything. - Benjamin Franklin
Thinking Alone
If everyone is thinking alike, then somebody isn't thinking.- George S. Patton
Predictions
"Those who have knowledge, don’t predict. Those who predict, don’t have knowledge".- Lao Tzu
Waiting...
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.- Jesse Livermore
... For the Right Move
The trouble with waiting and seeing is that you can't only wait and see. You also have to do something. You can't stop breathing. You can't stop eating. And you can't stop investing. There is no such thing as suspended animation when it comes to your money; no such place as nowhere in the financial world. Every minute of every day...for every asset class... you are either long or you are short. Either you own it, or you don't own it. Of course, you can be leveraged or unleveraged too...but that is merely a measure of how bad the damage will be if you are wrong. If you don't own it you will lose potential earnings if it goes up. And if it goes down, relative to the rest of the world, you will be ahead of the game. - The Daily Reckoning
Different Empire, Same Problem
The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt.
- Cicero (106 BC - 43 BC), 55 BC
Commodities Bubble?
With over $500 trillion in financial promises, which now seems to be Dollar-backed and secured by the Federal Government, what meager value may be given to the price for real goods, that which feeds and sustains mankind? Furthermore, if demand for goods the world over is rising is it not reasonable to assume that prices rise with it, if not to curb demand, then to act as an incentive for the farmer to increase production? Finally, what would have offset the interest for the speculator to profit from these gains if the fundamental demand continues unabated? - my1ambition
The Financial Tsunami
"They'll be eligible for Medicare just three years later and when those boomers start retiring en masse, then that will be a tsunami of spending that could swamp our ship of state if we don't get serious". - U.S. Comptroller General, David Walker
The Economy
The economy is not a machine. It is not made up of hard metal parts...but of soft human beings. And human beings do not react like copper and steel. Instead, they react to their own expectations, their own hopes, their own illusions and prejudices.- The Daily Reckoning
The Trade Deficit
Foreigners now earn more on their U.S. investments than we do on our investments abroad. In effect, we've used up our bank account and turned to our credit card. And, like everyone who gets in hock, the U.S. will now experience 'reverse compounding' as we pay ever increasing amounts of interest on interest. Warren Buffett
The Credit Bubble
Enjoy it while it lasts. Some of these price/earnings ratios are discounting nirvana. It cannot continue indefinitely. Alan Greenspan commenting on the global liquidity boom
Mass Illusion
The masses have never thirsted after truth. Whoever can supply them with illusions is easily their master whoever attempts to destroy their illusions is always their victim.- Gustave Le Bon from his 1896 book "The Crowd"
Who would you trust?
Quoting the NAR "The Voice for Real Estate " as proof of the strength of real estate is the equivalent of asking the guy in the red suit and white beard at the shopping mall during Christmas season if he believes in Santa Claus. Of course he will say he believes in Santa Claus.- Mike Shedlock
No Gold Standard
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. - Alan Greenspan, 1967
This Time Is Different
We have done what no other economy has done before, faced with an asset bubble. This is the first time in history the textbook economic policy was used and worked. The problem is, once you finish that chapter of the economic texts, you turn the page and the page is blank -- because no one has gone through the process before.- Lawrence Lindsey, 2005
Taking Risks
So, are you bold enough to hop on what could be the greatest investment mania ever? Are you willing to pick up nickels in front of a freight train? - Steve Sjuggerud
For The Sake Of Boredom
Oil will become too expensive and hence more economically reasonable to drill for long before we run out. The numbers however are staggering.
1 comments:
I think it's great! Keep up the good work. I'm not a big fan of reciprocal links, but if you would like to link to my blog, I would reciprocate.
-Gary
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