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Billster's Achievements


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  1. Buy my stuff on eBay! Yamaha TX81Z Roland Alpha Juno 1 Sequential Prophet 2000
  2. SOLD! Roland/Boss Dr. 550 Dr. Rhythm Drum Machine Roland TR-505 Drum Machine, modded with individual outputs Yamaha FB-01 FM Synthesizer
  3. on eBay: Nady 49R Guitar Wireless System SOLD! Also: Roland/Boss Dr. 550 Dr. Rhythm Drum Machine Roland TR-505 Drum Machine, modded with individual outputs Yamaha FB-01 FM Synthesizer
  4. All on eBay: Roland/Boss Dr. 550 Dr. Rhythm Drum Machine Roland TR-505 Drum Machine, modded with individual outputs Yamaha FB-01 FM Synthesizer Also: Nady 49R Guitar Wireless System
  5. Here's a handful of stuff on eBay: SOLD! Roland/Boss Dr. 550 Dr. Rhythm Drum Machine Roland TR-505 Drum Machine, modded with individual outputs Yamaha FB-01 FM Synthesizer
  6. Oh gee, how did I miss this well of misinterpretation... Yes, agree with everything. Funny too because the stock market is built entirely on faith. We have this system set up where everyone is borrowing money from each other and paying it back on interest. The entire market is built on the idea of popeye. If you give me a dollar today, I`ll give you a dollar and a dime on Tuesday. However, to take this one step further, we have borrowed more than the system can comfortably allow and the system is starting to crack. So at this point, its not about faith anymore, its about being practical. If your output exceeds your input, then your upkeep will be your downfall. The stock market is what's called a leading indicator. The state of the stock market indicates what is anticipated. I won't deny that there will be some difficult times for many people, but the fact is that we are at a time of historically low inflation, interest rates, and unemployment. So any increases in those areas are starting off below previous baselines. If interest rates go from near zero to 6%, yes that's a lot - but 6% is a lot lower in historical context than 12% or 18%. Same with unemployment. You could argue that there is a basic unemployment rate of 4-5%, consisting of people who can't work for reasons unrelated to the economy and people who just plain don't want to work. In that context, 6% unemplyment = about 2%. So while 8% might be a shock compared to what the last decade has brought, it is still historically average.
  7. right. I just wanted to temper the boosterism and deliberate misinformation that the broadcast media is encouraging. Buffett got 10%. MUFG got 10% for their reduced buy of Morgan Stanley. We will see if they also received a federal guarantee. We are getting a very controlled flow of information. Buffett is also buying actual stock, an ownership stake in the company. He's not just agreeing to take "toxic" loans off the books so the company can clear its colon (so to speak).
  8. Hyperstagflation Cute, but isn't that an oxymoron? "Hyper" implies the opposite of "Stagnant". It makes no sense. The idea that the entire global economy is going to become a banana republic is ridiculous. I'm not a materialist, but because the amount of material goods in the world is so staggering, you have to consider that we are just haggling about the price at some point. Yes, distribution can be a problem. But come on. Buffett is under water on G-S currently. But Buffett is looking longer than this week, month or year. The alleged share price of an asset is irrelevant if you don't intend to sell - what matters is the profit income generated by that asset. If you want to buy stocks right now, buy stuff that pays a quarterly dividend.
  9. McCain's plan to buy up mortgages makes me want to puke. I don't think you have to worry about McCain's plans being implemented...
  10. I think "willing" is going through a serious crisis. I think "able" will come around first, but consumers will be more conservative once the lending thing get straightened out. I think there will be a big drop in people moving from a "starter home" to larger digs, and people will be closely watching their wants vs. needs decisions.
  11. HA HA HA!!! Yep. I'm a Dave Ramsey type myself.... I'm still waiting for Lou Rukeyser to rise from the dead.
  12. A traditional mortgage is collateralized by the house. These re-packaged default swaps and mortgage-backed securities were a step removed from any tangible asset. They were also clearly over-valued. Now, the houses that underly these defaulted loans were overvalued too. The market is declining to a level that more closely reflects what things are worth in dollar terms. And really, is that McMansion worth $750,000? Is a Mercedes worth $80,000?
  13. To Sean: Why is that man shouting? He's inciting a social panic the same way over-zealous stock traders incite market panic. To BlueStrat: What also scares me is that the majority of congressmen meddling in this also appear to have no understanding of economics, and are just as prone to the panicky reactions of the un-educated constituents you mention. As for a fix, we can start by shooting Jim Cramer.
  14. Sean, I'll send you articles from Nobel Prize economists explaining how this will be resolved. Do you really believe that within the next two years people in developed nations will be eating squirrels and hardtack? Call me when the Dow hits ~0~
  15. As predicted the Bailout is having no effect. Markets are tumbling. ALL paper investments are gone other then Government backed securities but they ain't gonna be worth jack in a deflationary Depression that is most certainly imminent. This is global boys and girls and we need to get local to make sure there is food, shelter water near us that can be gotten on a local level. The bastards have taken us down and it's much worse the the last one. At least this time the people KNOW EXACTLY WHO CAUSED THIS and heads will roll for certain. I'm scared for my family. Dude. The stock market is not the economy. The economy functions on many levels, levels which may or may not be interpreted correctly by stock traders.
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