OBGibby's Account Talk

Sort by newest Sort by date
OBGibby said:
Employers Begin Driving Your 401(k)

Businesses are taking more control of workers' 401(k)s, retreating from the 30-year experiment with employees running their own accounts. (Wall Street Journal)
Click to expand...

I like the WSJ. I've found it to be one of the better sources of opinion and economic information. Apparently, a lot of other folks feel the same way as they've recently become the #1 selling paper in the country.
 
OBGibby said:
Niall Ferguson: Dollar May Drop 20% More on Deficit - Bloomberg

...The dollar will extend its drop versus the euro over the next two to five years, falling as much as 20 percent to an all-time low under a widening U.S. budget deficit, Harvard University’s Professor Niall Ferguson said.

Policy makers favor the dollar’s slide as a means of supporting a recovery from the worst economic slump since the Great Depression even as they voice support for a strong greenback, Ferguson said in an interview on Bloomberg Radio...


*** Anyone care to opine on how this projection, if accuate, may impact the I Fund? ***
Click to expand...

This has been the trend alright. From a recent technical standpoint, the dollar looked like it might be reversing for time, but that proved false. If the dollar does in fact continue this trend, it could spark another revolution in American manufacturing. But other world economies would take some kind of action to spur their own growth, which could temper any manufacturing recovery here. This makes me think deflation is still a very real possibility.
 
coolhand said:
This has been the trend alright. From a recent technical standpoint, the dollar looked like it might be reversing for time, but that proved false. If the dollar does in fact continue this trend, it could spark another revolution in American manufacturing. But other world economies would take some kind of action to spur their own growth, which could temper any manufacturing recovery here. This makes me think deflation is still a very real possibility.
Click to expand...

CH,

It would be great to have a revolution in American manufacturing. The problem I see is that the work force is pretty gray and getting grayer, the equipment is older than the workforce and finally our current youth would not take up the baton because the hours are long the work is dirty and the pay is not that great.
 
nasa1974 said:
CH,

It would be great to have a revolution in American manufacturing. The problem I see is that the work force is pretty gray and getting grayer, the equipment is older than the workforce and finally our current youth would not take up the baton because the hours are long the work is dirty and the pay is not that great.
Click to expand...
These guys know what needs to be done!!
http://www.americanmanufacturing.org/
 
nasa1974 said:
CH,

It would be great to have a revolution in American manufacturing. The problem I see is that the work force is pretty gray and getting grayer, the equipment is older than the workforce and finally our current youth would not take up the baton because the hours are long the work is dirty and the pay is not that great.
Click to expand...

Our economic environment is still too high risk to anticipate many companies investing in manufacturing infrastructure. This is just one limiting factor to recovery. Other factors include banks not lending, Federal debt levels at historic highs and climbing, high public debt levels (they're dropping, but it's going to take much more time to get to a level that's acceptable for greater consumer participation), and a depressed housing market with high levels of inventory along with deflated pricing. These are just some of the bigger obstacles we've got to overcome.
 
I hate to keep beating the Ross Perot drum, but the guy was spot on and we are still not listening to people like him but lying politicians.


To those of you in the audience who are business people, pretty simple: If you're paying $12, $13, $14 an hour for factory workers and you can move your factory South of the border, pay a dollar an hour for labor, hire young -- let's assume you've been in business for a long time and you've got a mature work force -- pay a dollar an hour for your labor, have no health care -- that's the most expensive single element in making a car -- have no environmental controls, no pollution controls and no retirement, and you don't care about anything but making money, there will be a giant sucking sound going south.

So we -- if the people send me to Washington the first thing I'll do is study that 2,000-page agreement and make sure it's a two-way street. One last part here -- I decided i was dumb and didn't understand it so I called the Who's Who of the folks who've been around it and I said, "Why won't everybody go South?" They say, "It'd be disruptive." I said, "For how long?" I finally got them up from 12 to 15 years. And I said, "well, how does it stop being disruptive?" And that is when their jobs come up from a dollar an hour to six dollars an hour, and ours go down to six dollars an hour, and then it's leveled again. But in the meantime, you've wrecked the country with these kinds of deals. We've got to cut it out. Ross Perot 1992 2nd Pres. Debate
Click to expand...
 
I've been living this way for years...No regrets...


October 18, 2009
Confessions of a Cultural Drop-out
by Victor Davis Hanson
Pajamas Media

I have some confessions to make, not because any of you readers are particularly interested in my views; but rather because I think some of you are in the same boat: Have you stopped reading, listening, watching, and paying attention to most of what now passes for establishment public or popular culture? I am not particularly proud of this quietism (many Athenians did it in the early 4th century BC and Romans by the late 3rd AD), but not really ashamed of it either.....................( Read the rest at the link) http://www.victorhanson.com/articles/hanson101809.html
 
OBGibby said:
I've been living this way for years...No regrets...


October 18, 2009
Confessions of a Cultural Drop-out
by Victor Davis Hanson
Pajamas Media

I have some confessions to make, not because any of you readers are particularly interested in my views; but rather because I think some of you are in the same boat: Have you stopped reading, listening, watching, and paying attention to most of what now passes for establishment public or popular culture? I am not particularly proud of this quietism (many Athenians did it in the early 4th century BC and Romans by the late 3rd AD), but not really ashamed of it either.....................( Read the rest at the link) http://www.victorhanson.com/articles/hanson101809.html
Click to expand...

Good read. I enjoyed that. I've found that I'm being drawn more and more to Timeless classics on TV. Watched the 1935 version of Mutiny on the Bounty a couple nights ago in all of its B&W glory. It was awsome.
 
Same here OBGibby.

I do read quite a bit - mostly old books and history related stuff with a good novel sometimes in the mix.

TV offerings today are mostly crap in my opinion.

DVD of the week has Flash Gordon episodes from the era of B&W TVs. My sons and I enjoy them as much as the Star Wars movies.



OBGibby said:
I've been living this way for years...No regrets...


October 18, 2009
Confessions of a Cultural Drop-out
by Victor Davis Hanson
Pajamas Media

I have some confessions to make, not because any of you readers are particularly interested in my views; but rather because I think some of you are in the same boat: Have you stopped reading, listening, watching, and paying attention to most of what now passes for establishment public or popular culture? I am not particularly proud of this quietism (many Athenians did it in the early 4th century BC and Romans by the late 3rd AD), but not really ashamed of it either.....................( Read the rest at the link) http://www.victorhanson.com/articles/hanson101809.html
Click to expand...
 
OBGibby said:
I've been living this way for years...No regrets...


October 18, 2009
Confessions of a Cultural Drop-out
by Victor Davis Hanson
Pajamas Media

I have some confessions to make, not because any of you readers are particularly interested in my views; but rather because I think some of you are in the same boat: Have you stopped reading, listening, watching, and paying attention to most of what now passes for establishment public or popular culture? I am not particularly proud of this quietism (many Athenians did it in the early 4th century BC and Romans by the late 3rd AD), but not really ashamed of it either.....................( Read the rest at the link) http://www.victorhanson.com/articles/hanson101809.html
Click to expand...

OB,

I’ve been living that way for years. That’s one reason I bought 40 acres, so that I wouldn’t have to see my neighbors. My last neighbors were real knucklheads. Luckilily my current neighbor has 50 acres, so we pretty much have our own little compound, one road in and out. He’s like me and we get along and watch out and take care of each other during in climate weather and the such.

I haven’t watched the national news in years, pretty much the same for the local news. Movies?... I almost always watch pre 19060 movies and subscribe to TCM so I can see what oldies are coming up.

Music stopped for me in the mid 70’s with BTO and Foghat, though I do find I like some of the newer C&W.

My place is pretty self sufficient, though a small windmill is in my future if they ever come down in price, though even on my ridge, it’s not really that windy.

I have no problems living like this and am amazed at the number of people who feel and live the same way.

We’re not high maintenance, don’t require much entertainment and have not one red cent of debt, so we are socking it away hand over fist. We enjoy each other’s company and just walking thru the woods and talking. Life is very good. :D And Screw the Libs, Socialist and their ilk who think they know better and insist in sticking their, mostly ignorant noses in my business. Most of these people wouldn't know what end of a shovel goes in the ground. :laugh:

EDIT: Forgot to say, thanks for the link, it was a good read.

CB
 
Glad you guys liked it. Figured you might like this one, too:

PEACE PRIZE
Just like welfare and socialized medicine,
you don't have to work to get it.
 
CountryBoy said:
OB,

I’ve been living that way for years. That’s one reason I bought 40 acres, so that I wouldn’t have to see my neighbors. My last neighbors were real knucklheads. Luckilily my current neighbor has 50 acres, so we pretty much have our own little compound, one road in and out. He’s like me and we get along and watch out and take care of each other during in climate weather and the such.

I haven’t watched the national news in years, pretty much the same for the local news. Movies?... I almost always watch pre 19060 movies and subscribe to TCM so I can see what oldies are coming up.

Music stopped for me in the mid 70’s with BTO and Foghat, though I do find I like some of the newer C&W.

My place is pretty self sufficient, though a small windmill is in my future if they ever come down in price, though even on my ridge, it’s not really that windy.

I have no problems living like this and am amazed at the number of people who feel and live the same way.

We’re not high maintenance, don’t require much entertainment and have not one red cent of debt, so we are socking it away hand over fist. We enjoy each other’s company and just walking thru the woods and talking. Life is very good. :D And Screw the Libs, Socialist and their ilk who think they know better and insist in sticking their, mostly ignorant noses in my business. Most of these people wouldn't know what end of a shovel goes in the ground. :laugh:

EDIT: Forgot to say, thanks for the link, it was a good read.

CB
Click to expand...

You're living the dream, my friend. Sounds great.
 
Profiting From the Crash In "The Greatest Trade Ever," Gregory Zuckerman details how John Paulson took home $10 million a day as others lost big in 2007.


It was the fall of 2007, financial markets were collapsing, and Wall Street firms were losing massive amounts of money, as if they were trying to give back a decade's worth of profits in a few brutal months. An investor named John Paulson somehow was scoring huge profits. His winnings were so enormous they seemed unreal, even cartoonish. His firm, Paulson & Co., would make $15 billion in 2007.


Mr. Paulson's personal cut would amount to nearly $4 billion, or more than $10 million a day. That was more than the 2007 earnings of J. K. Rowling, Oprah Winfrey and Tiger Woods put together. At one point in late 2007, a broker called to remind Mr. Paulson of a personal account worth $5 million, an account now so insignificant it had slipped his mind........


More at http://online.wsj.com/article/SB10001424052748703574604574499740849179448.html
 
You must log in or register to reply here.

Similar threads

V
Valleymd blog (the international question)
Replies
2
Views
154
tsptalk
tsptalk
James48843
TSP Millionaire Count Grows
Replies
2
Views
129
Viettim
Viettim
TommyIV
  • Article Article
TSP Talk AutoTracker - Buying the December Dips
Replies
0
Views
241
TommyIV
TommyIV
P
Negative Adjustment Earnings
Replies
3
Views
189
nasa1974
nasa1974
UNIX84
UNIX84 Account Talk
Replies
14
Views
3K
tsptalk
tsptalk
Back
Top