nnuut's Account Talk

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All I know is I like some of his music and his politics!!:D
THE MOTOR CITY MADMAN!! So he's a nut, so am I, a nnuut that is!:laugh:
 
Ted's fun, but he just *has* to tweak someone's tail. Or, tweak that sneaky deer's tail. Bag it and eat it, right? :p It probably would have been a baaadddd idea to have him in the armed forces, he's a great shot, but he would just have to go against what people told him to do. Forcing him to go to war (drafting him) would have been seen by him as a challenge to his stubborn defiant ways, I just can't see him going along with it simply because no one tells Ted what to do.
 
nnuut said:
I hope they do rase rates, and to think we all were begging them to lower rates, EXCEPT ME!!!!:nuts:
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I think a lot of of us knew the best thing to do was leave the rates alone and let the Markets do their thing. Also the $500 Billion (+) bail outs which were largely to quell the general fears - did little to help the underlying structures on which our economy stands.

The Housing/Financial Sectors made a huge mistake collaborating on a scheme that is so fundamental to our human condition - "Shelter". For many it was wanting too much - trying to get what was beyond their reach - and not thinking things through. But for many others it was getting a home in areas where housing is basically beyond everyone's reach - and it looked promising.

BUT IN THE END - IT SHOULD HAVE "POPPED" AND FELL APART SO EVERYONE COULD SEE WHAT REALLY HAPPENED. To a large degree I believe most of what transpired was a "political scheme" to smooth things over.

The Markets are a seperate entity - that can only be influenced "so far" by the FED - in the end they need to do their thing but fortunately for all of us THEY WILL PREVAIL. Well that's my 2 cents - but I think the Markets will surprize us in a good way.
 
airlift said:
Nnuut,
Are you still holding your positions in the S and I funds? Tia
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Yes, right now I am, what will the FED do? I have a feeling there may be a Surprise raise of .25%. I know, I know but hell, let it ride I guess?:cool:
Oh, don't follow me if you like to keep your money!!:laugh:
 
Thanks Nnuut,
I'll be riding this out also. I lost the moment to be real defensive. At some point we are likely to see a relief rally. Just adapting to the 2 IFTs per month. Good luck.
 
airlift said:
Thanks Nnuut,
I'll be riding this out also. I lost the moment to be real defensive. At some point we are likely to see a relief rally. Just adapting to the 2 IFTs per month. Good luck.
Click to expand...
Like Norm, I'm CSRS, so I play a little more recklessly...But 2 IFTs really means 1 if you don't consider the jump back to G...CUZ, if you are in any of the stocks including I, where to hell are you gonna jump?..Frying pan to the fire?:notrust:..Them TSP folks really screwed us big time..:mad:
 
Corepuncher said:
CSRS....LUCKY! I wish I didn't have to pay SS!
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I've 51 Quarters paid into SocialSecurity, when I signed on with Uncle part of the deal was that I could draw Social Security if I qualified. Then, holding true to form they passed the WEP and GPO and now I only get 40% of the measley $700 I would get at full retirement age, which is 66 for me. Oh, that used to be 65 but they passed another law, naturally. So if I wait until I'm 66 I would get $280 Bucks before taxes that MIGHT pay my and the Wifes' Medicare which is about $95 a month for each of us.
I still like CSRS better than FERS, I will get about 75% of my high 3 years if I retire when I plan to. We pay 7% of base salary for CSRS, I've paid in over $100,000 dollars so far! If the economy keeps wackin' us in the head I may never be able to retire?:cool:
 
nnuut said:
I still like CSRS better than FERS, I will get about 75% of my high 3 years if I retire when I plan to. We pay 7% of base salary for CSRS, I've paid in over $100,000 dollars so far! If the economy keeps wackin' us in the head I may never be able to retire?:cool:
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That's the plan....keep changing the rules so boomers have to work until we die to support government spending.
 
U.S. Durable Goods Orders Were Unchanged Last Month
By Bob Willis

June 25 (Bloomberg) -- Orders for U.S. durable goods were unchanged in May as companies trimmed investment plans, signaling the economy may keep slowing.
Bookings for goods meant to last several years totaled $213.6 billion, the Commerce Department said today in Washington. April orders were revised to show a 1 percent drop that was larger than previously estimated. Excluding demand for transportation equipment, which tends to be volatile, orders declined 0.9 percent, the first drop in three months.
The figures indicate that the domestic slowdown, spurred by the housing recession and weaker consumer spending, offset the benefit of record exports. That pattern probably continued in June, as reports from the New York and Philadelphia Federal Reserve banks last week showed manufacturing in their regions shrank at a faster pace this month.
``Obviously you're seeing very weak consumer numbers and housing numbers,'' James O'Sullivan, a senior economist at UBS Securities LLC in Stamford, Connecticut, said in an interview with Bloomberg Television. ``Chances are the trend is still weakening.'' [more]
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5zAcBhC.P9c&refer=home
 
nnuut said:
The domestic slowdown, spurred by the weaker consumer spending
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That's the BOTTOM LINE Norm,

Always has been and always will be.

Our homes are typically the most major investment we have. When that value sinks by 15 to 25% and the cost of gas, food, and other neccessities keep going up the consumers are getting increasingly scared and holding on to what they can.

This mood can only last so long.

Most of it is due to the cost of oil, which only recently became a major global issue. If it were strickly the USA getting hit - the prices would get higher. But corrective action is needed and underway.

I'm getting gas for under $3.70 (with my guaranteed 5% discount which I always get with my credit card) which now sounds like a great bargain - and soon all of you will get these prices. As oil becomes cheaper so will everything else.

GM will be forced to make more fuel efficient cars (good for everyone); and the overall companies that make up the S&P 500 are not weak. So it is not that the companies themselves are unstable and falling apart - it all boils down to the COMSUMER and the prevailing mood.

Happiness and Upbeat Moods can only be appreciated when compared to Depression and Downbeat Moods - so in the long run I would a thousand times over let the Depression keep going so that a Real and Sustainable Rally follows.
 
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