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Ross

Ross

Well-known member
Joined
Dec 15, 2001
Messages
25,981
Location
On The Hot Seat
CEO --Chief Embezzlement Officer.
CFO-- Corporate Fraud Officer.
BULL MARKET -- A random market movement causing an investor to mistake
himself for a financial genius.
BEAR MARKET -- A 6 to 18 month period when the kids get no allowance,
the wife gets no jewelry, and the husband gets no sex.
VALUE INVESTING -- The art of buying low and selling lower.
P/E RATIO -- The percentage of investors wetting their pants as the
market keeps crashing.
BROKER -- What my broker has made me.
STANDARD & POOR -- Your life in a nutshell.
STOCK ANALYST -- Idiot who just downgraded your stock.
STOCK SPLIT -- When your ex-wife and her lawyer split your assets
equally between themselves.
FINANCIAL PLANNER -- A guy whose phone has been disconnected.
MARKET CORRECTION -- The day after you buy stocks.
CASH FLOW-- The movement your money makes as it disappears down the toilet.
YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
WINDOWS -- What you jump out of when you're the sucker who bought
Yahoo @ $240 per share.
INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
PROFIT -- An archaic word no longer in use.
 
These are great Ross. Thanks goodness my husband will be 59 1/2 next May. We are taking most of our money out and buying bonds or annuities or something. We will leave some in there in case the stock market improves. we are too close to retirement for this to be happening. Didn't the government encourage us to invest in our own retirements?
 
Just reminds me of the CEO we had running our company before it went bankrupt. The clown, after bankrupting us, went on to bankrupt Sun appliances and 2 other entities, each time getting a huge windfall before leaving.

I'm sorry, but these are the people that screwed this economy up. Why should we bail them out? The only good reason is to keep us from going into full blown depression. I'm not even sure that's avoidable anymore.
 
I have worked for the county government for 23 years,my husband has worked for a large fiberglas company for 30 years. We have paid our bills,bought only what we could afford and planned well,we thought, for retirement. Now we are worried that our travel plans are probably not going to happen. But I bet the big CEOs of these companies that caused this mess have not changed their retirement plans at all. I am with you on this one Ross. I don't think we should bail them out but I am afraid if we don't it will be worse and if we do are we just putting a bandaid on a amputated part? I will get off my soapbox now.
 
terryj said:
I don't think we should bail them out but I am afraid if we don't it will be worse and if we do are we just putting a bandaid on a amputated part? .
Click to expand...

Well, this is SOCIALISM for the wealthy. It appears necessary to keep us from economic destruction, but why not combine it with a little socialism for the lower classes, like universal health care?

Jim
 
Screw em all, let them develope health problems that eat up their entire wealth and laugh in their face when it's gone and no one will help them. I'm tired of financing yachts, wild parties, "busniess" trips and everything else these clowns use as right offs. I want to see them suffer like a normal American and not the priviledged class that they are now.

Can't tell I'm in a bad mood can ya? :D
 
My husband, retired, and I both work for the county. DH, 23 years and me 21 yrs. so far. I will probably never retire unless this economy gets better real quick! We sure did not get rich off of it. We did what we are supposed to do too. Looks like Akron will be as far as we travel. I think this bailout STINKS! Looks like we do not have a choice. :mad:
 
Unfortunately, the bail out may mean more to the investments of the middle / working class than the wealthy. Sure the wealthy have more to lose in absolute dollars but they typically have the means to recover from this. Look at Donald Trump who has been bankrupt more than once. Somehow he manages to find capital to bounce back.

I don't know about the U.S. but in Canada the majority don't have company pension plans so rely on Government Pensions, which are very modest, and saving through personal retirement plans similar to your 401k. Our interest rates don't even cover inflation, especially after-taxes, so investments in mutual funds by "small investors" has risen dramtically over the last two decades. I suspect it's a similar environment in the U.S. These middle / working class investors likely won't have the means to recover these losses on their investments unless the government intervenes with a bail out to stablize things.
 
Re Free Trade USA here are all 99 chapters of the United States International Trade Commission harmonised import tariff and quota schedule.

http://www.usitc.gov/tata/hts/bychapter/index.htm

What do these chapters do?

If we agree a socialist strategy is to maintain ailing business for social reasons, then un-American Socialism has been alive and well in the USA for decades. Do you really think the steel you produce at great cost is globaly competitive? Do you really think the cotton you produce at great cost is globaly competitive. In both cases the answer is no. These two industries just spring to mind, look into the list above for more. So why do you produce both? To keep people in work, it's a socialist thing. Why is cotton and steel produced in the USA bought and sold in the USA at a premium price when cheaper is available? Due to the punitive import tariffs imposed by your government to keep cheaper efficiently produced foreign goods out.

Free marketeers in the USA are deluded. You really don't have a free market. Socialism is alive and well, they just package it so you may remain in denial. Some traditional blue collar USA activities have received socialist style protection for a generation ;)
 
Gee Bonzo,
There you go stirring the pot again and raising everybody's BP.:mad: I imagine that there will be a barrage hitting this thread shortly, so pardon me while I wander over to the "Joke time" thread for some mindless fun while you guys duke it out.:D:D:D
John
 
Bonzo Dog said:
Free marketeers in the USA are deluded. You really don't have a free market. Socialism is alive and well, they just package it so you may remain in denial. Some traditional blue collar USA activities have received socialist style protection for a generation ;)
Click to expand...
See, I knew you would agree with some of D. Jensen... he covers a chapter of this very subject in one of his books.
I happen to agree with alot of what he says though I'm sure most would
disagree simply because he is so extreme.
 
it made me so angry. I let my reps in D.C. know my thoughts. We voted 'em in, we can vote 'em out for allowing this catastrophe occur. Once Enron got away with theirs, it was hell for leather for the rest of them.............

shame, shame, shame....
 
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