tag:blogger.com,1999:blog-20377909.post532446796314868315..comments2024-02-26T08:05:58.174-08:00Comments on ECONOMICROT: Open ForumRandyhttp://www.blogger.com/profile/09221346085089343469noreply@blogger.comBlogger46125tag:blogger.com,1999:blog-20377909.post-16348834566653546152008-10-01T15:07:00.000-07:002008-10-01T15:07:00.000-07:00Isn't it amazing how when it gets harder and harde...Isn't it amazing how when it gets harder and harder to deny the truth the news outlets start to give in.<BR/><BR/>http://www.pittsburghlive.com/x/pittsburghtrib/business/s_590358.htmlJustin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-48454950478983534142008-09-30T23:46:00.000-07:002008-09-30T23:46:00.000-07:00As stock prices plunge, you will hear lots of talk...As stock prices plunge, you will hear lots of talk about "bargains". And in a down market, there will be big upswings meant to tempt you back in. But if you understand P/E ratios, and how businesses are valued, you will understand that stocks now called "bargains" can actually drop to HALF their current price and still be overpriced. <BR/><BR/>I bought a small business once and paid 9 times earnings. That meant that if I worked the business for 9 years, I would get all my purchase price back and the rest is gravy. But when you buy companies on the S&P 500, you are paying about 24 times earnings, which means if you were really rich and bought up all the stock, it would take you 24 years of current earnings just to break even.<BR/><BR/>When stock markets crash, it is this value we place on future money that fails. And if the overall trend heads back to the historic P/E ratios of between 7 and 15, then look out below. Because a company that Jim Cramer says is a "bargain" today, may actually be OVERPRICED even at HALF that price. <BR/><BR/>Here are some <A HREF="http://www.nowandfutures.com/great_depression.html" REL="nofollow">little known facts about the crash of 1929</A>.FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-62415375777205816122008-09-30T21:25:00.000-07:002008-09-30T21:25:00.000-07:00Check this out."it seems that buried deep in the B...Check this out.<BR/><BR/>"it seems that buried deep in the Bailout Bill was a clause that would have enabled banks to operate without any reserves"<BR/><BR/>http://www.dailykos.com/story/2008/9/30/01617/5440/126/615177Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-79316393651525771952008-09-30T19:58:00.000-07:002008-09-30T19:58:00.000-07:00Here's a good video from Max Keiser titled "Focus ...Here's a good video from Max Keiser titled "Focus on the Locust"<BR/><BR/>http://www.youtube.com/watch?v=ExXny1IiVTQJustin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-12205681384746922592008-09-30T19:29:00.000-07:002008-09-30T19:29:00.000-07:00Another relevant quote."A sound banker, alas, is n...Another relevant quote.<BR/><BR/>"A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him."<BR/><BR/>John Maynard Keynes, 1931Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-11758281668103735532008-09-30T17:28:00.000-07:002008-09-30T17:28:00.000-07:00The Duran link was in reference to Next Dimension'...The Duran link was in reference to Next Dimension's youtube link. Sorry for the spelling/sentence structure errors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-28143651932656043262008-09-30T17:25:00.000-07:002008-09-30T17:25:00.000-07:00http://www.mahalo.com/Enric_DuranWhat we have are ...http://www.mahalo.com/Enric_Duran<BR/><BR/>What we have are the large banksters stealing from the rich and sorta rich, and hugely rich, to make themselves richer. So let's rename it as Enrich-to- Durance, or something like that. Duran is headed to durance.<BR/><BR/>there is no time to send a letter folks. YOU MUST CALL. <BR/>These are PA representatives:<BR/>murphy--202-2252301-------voted no on the first vote call<BR/>murtha--814-5352642--------voted yes<BR/>pelosi--202-2255126----------voted yes, even after talking the bill down.<BR/>altmire-202-2252565----------voted no<BR/><BR/>specter-senator-202-2281229 bill not ready for senate vote, yet tell him your wishes.<BR/>reed 202--2243542<BR/>casey 202-2246324<BR/>biden 202-224 5042<BR/>obama 202-224 2854<BR/>clinton 202 224 4451<BR/><BR/>time is running out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-22830101089348511452008-09-30T17:23:00.000-07:002008-09-30T17:23:00.000-07:00Let the finger pointing begin in earnest. All the...Let the finger pointing begin in earnest. All the world is drunk with the wine of America's fornication. America's absolute recklessness. <BR/><BR/>http://news.yahoo.com/s/ap/20080930/ap_on_re_la_am_ca/lt_meltdown_pointing_fingersJustin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-69929346999579926832008-09-30T16:37:00.000-07:002008-09-30T16:37:00.000-07:00Rockwell's article is good until he gets all delus...Rockwell's article is good until he gets all delusional. Economic recovery my foot. I side with Ron Paul's opinion. You have to get at the root of the problem. That problem being a corrupt monetary system. NO fiat currency is going to work in the long run.Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-10049539798475458522008-09-30T16:30:00.000-07:002008-09-30T16:30:00.000-07:00anyone interested in a little futuristic optimism ...anyone interested in a little futuristic optimism and thoughts on how to get out from the control thumb of the bankers, check this vid out<BR/><BR/>http://www.youtube.com/watch?v=a90Ep1PZzuAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-84587172235522096642008-09-30T14:19:00.000-07:002008-09-30T14:19:00.000-07:00Did anybody see Dark Knight? Here is a funny video...Did anybody see Dark Knight? Here is a funny video merging a scene with Bush's speech about the bailout.<BR/><BR/>http://www.collegehumor.com/video:1831863Matthttps://www.blogger.com/profile/01648679023161725671noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-11109218214045548622008-09-30T14:07:00.000-07:002008-09-30T14:07:00.000-07:00A great article by Lew Rockwell!http://www.lewrock...A great article by Lew Rockwell!<BR/><BR/>http://www.lewrockwell.com/rockwell/near-death-of-state.htmlMatthttps://www.blogger.com/profile/01648679023161725671noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-73519209950358768222008-09-30T12:09:00.000-07:002008-09-30T12:09:00.000-07:00Here is a quote from CNBC yesterday:"There are two...Here is a quote from CNBC yesterday:<BR/><BR/>"There are two positions - cash and fetal."FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-9817663847305752302008-09-30T11:52:00.000-07:002008-09-30T11:52:00.000-07:00Here is a relevant quote from a few years ago.If a...Here is a relevant quote from a few years ago.<BR/><BR/><BR/><BR/>If a nation expects to be ignorant and free, in a civilization, it expects what never was and what never will be.<BR/> <BR/> - Thomas JeffersonJustin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-58139024254284357202008-09-30T11:25:00.000-07:002008-09-30T11:25:00.000-07:00Randy,I haven't seen much about Las Vegas recently...Randy,<BR/><BR/>I haven't seen much about Las Vegas recently. Are you still monitoring its economy? I really enjoy reading your unique perspectives on that city.<BR/><BR/>DaveAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-73474310815642619232008-09-30T09:56:00.000-07:002008-09-30T09:56:00.000-07:00this market is unreal, what can we do about it.this market is unreal, what can we do about it.Hard Money Lenders Direct in Californiahttps://www.blogger.com/profile/00257175826700717938noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-52350871146066103252008-09-30T09:34:00.000-07:002008-09-30T09:34:00.000-07:00I'd love to play this video for the guy opposite P...I'd love to play this video for the guy opposite Peter. This was back in August of 06.<BR/><BR/>http://www.youtube.com/watch?v=LfascZSTU4oJustin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-28484149009740501902008-09-30T09:00:00.000-07:002008-09-30T09:00:00.000-07:00Sign this petition against a bailout and pass it o...Sign this petition against a bailout and pass it on to any other blogs you know of or mailing list!<BR/><BR/>http://www.petitiononline.com/bailout/petition.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-28101332874856071122008-09-30T06:34:00.000-07:002008-09-30T06:34:00.000-07:00$1 Quadrillion Problem?<A HREF="http://financialclues.blogspot.com/2008/02/1-quadrillion-problem.html" REL="nofollow">$1 Quadrillion Problem?</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-45043227342323867812008-09-29T21:09:00.000-07:002008-09-29T21:09:00.000-07:00Scarlett got married!!!Heather Locklear got a dui!...Scarlett got married!!!<BR/>Heather Locklear got a dui!!!<BR/>Paul Newman kicked the bucket!!!<BR/>Healthy snacks? OH BOY!!!<BR/>The Rams finally got rid of their coach!!!<BR/>Who?!!!<BR/>WOW, I made pistachio pudding tonight...my daughter hates it bye the way!!!<BR/>Yo Dennis!!!<BR/>Wow gas sure is high these days!!!<BR/>I'm sick and tired of poor coverage. Would the government please save me?!!!<BR/><BR/>Was there something big going in D.C........The White Sox are headed to the playoffs!!! What was I saying...oh well nevermind!!!<BR/><BR/>1. Scarlett Johansson<BR/>2. Heather Locklear<BR/>3. Paul Newman<BR/>4. Healthy Snacks<BR/>5. Scott Linehan<BR/><BR/>6. Forgetting Sarah...<BR/>7. Pistachios<BR/>8. Dennis Quaid<BR/>9. Train Travel<BR/>10. Health InsuranceJustin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-68921363578819384652008-09-29T21:08:00.000-07:002008-09-29T21:08:00.000-07:00Appreciate the great links and information folks -...Appreciate the great links and information folks - as many of you regulars know, I sometimes use your info for main page. <BR/><BR/>Jerry, I certainly hope the Info regarding use of Social Security withholdings to fund the purchase worthless junk bonds turns out to be false.Randyhttps://www.blogger.com/profile/09221346085089343469noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-75416496612033025922008-09-29T21:07:00.000-07:002008-09-29T21:07:00.000-07:00This comment has been removed by the author.Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-38790282880431417212008-09-29T19:50:00.000-07:002008-09-29T19:50:00.000-07:00The bribe-out bail-out is not over. Look for Wedne...The bribe-out bail-out is not over. Look for Wednesday for another round. Funny how Pelosi talked the bribe-out down, but voted for it. We all need another round of phone calls demanding a NO vote again.<BR/><BR/>About credit default swaps, there is $1000 trillion in worthless swaps hanging along the bankruptcy food chain worldwide.<BR/>http://www.webofdebt.com/articles/its_the_derivatives.php<BR/><BR/>Michael Hudson, a rebellious Chicago School economist, says that the bribe-out monies are coming from the Social Security Administration. The Fed will drop worthless junk bonds in their lock box and use our social security withholdings for the rich crooks.<BR/><BR/>Bernanke and Paulson had told Fannie and Freddie to make available $2 trillion in loan money to create another real estate bubble in order to inflate housing prices.<BR/><BR/>These bankstas just cannot stop themselves. What we need is indictments under the RICCO Statute. Take these thieves to court.<BR/><BR/>There is only one way for consumable item prices to go and that is up. It is inevitable that more job losses are around the corner, business closures, and problem for many this winter.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-62815773090266995622008-09-29T19:10:00.000-07:002008-09-29T19:10:00.000-07:00LOL <--Click for funny<A HREF="http://mobiusinformer.files.wordpress.com/2008/09/jump.jpg?w=450&h=300" REL="nofollow">LOL</A> <--Click for funnyFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-75044111778718342702008-09-29T18:18:00.000-07:002008-09-29T18:18:00.000-07:00Thank you all, who called, faxed, wrote or emailed...Thank you all, who called, faxed, wrote or emailed your representatives and congresspeople. It is far better to take pain now, and rework a better solution than to take the path to the cliff on a short sighted solution that we had in front of us. Thank you all. Let's hope that the next time around we have a proposal that addresses the core problems. PLEASE send thank yous to those that defeated this bill!! -ripAnonymousnoreply@blogger.com