raising4daughters

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80 Comments

    • Fri Nov 21st 01:10 AM | Rating: 0 -1
      Commented on:
      Why Most Americans Don't Mind if the Big Three Fail
      Poorly run, crony companies should not be bailed out. Try bankruptcy to reorganize. Get rid of about 50% of the salaried work force, 50% of your dealerships (like I need 15 GM dealers within a 10 mile radius), and break the union. Then you might have a shot.
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    • Mon Nov 17th 08:05 AM | Rating: +1 0
      Commented on:
      Why Paulson and Bernanke's Plans Don't Work
      Obama's plan will be more debt through increased investment, er government spending. He's been talking about rebuilding roads, bridges, infrastructure and investment in green technologies for 2 years. More borrowing from future generations to fund today's greed.
      View article »
    • Mon Nov 17th 07:55 AM | Rating: +3 -1
      Commented on:
      GM Must Die
      "government help would go to accept pension liabilities and guarantee loans which the financial arm of GM took."

      Why should my tax dollars go to pay for someone else's retirement? I don't even have a pension plan and struggle enough to save for my own retirement through my own contributions (employer doesn't contribute anything).

      Between gub'mint workers, teachers, AIG, and now GM workers, I should be able to claim about 100 dependents on my 1040 next April.
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    • Sat Nov 15th 10:14 AM | Rating: +1 0
      Commented on:
      Jim Rogers on China



      On Nov 15 08:30 AM jepittman wrote:

      > Be careful with Rogers' suggestions. His recomendations are usually
      > not very specific and one never sees his whole portfolio. He is extremely
      > wealthy and it is impossible to know how he weights the investment.
      > Furthermore his time horizon is long. He can afford to be very early
      > and can weather a lot of volatility.
      >
      > I enjoy reading his perspectives. He is very insightful and is delightfully
      > controversial. And I love his bow ties!

      Great Points! I've read 3 of Rogers' books and enjoyed all of them, but you're right, they cannot be used as "how to" books for ones own portfolio.

      Truth be told, after reading Hot Commodities, I started investing in some commodity-based ETFs. While I still think it makes sense to have some commodities in a portfolio, that portion is hurting worse than my equity portion.
      >
      View article »
    • Fri Nov 14th 21:32 PM | Rating: 0 0
      Commented on:
      First Call of the Crisis: Peter Schiff Could Be Video of the Year
      I read Peter's book Crash Proof over the summer but didn't act boldly enough on his advice. I went to 50% equities (at 43, that's pretty conservative). Should've gone to 0%.

      However, if you read Crash Proof, Peter's recommended portfolio of 70-90% gold and 10-30% foreign equities hasn't done all that well either. There hasn't been the flight to safety that Peter predicted. Gold is 30% below is target of $1,000/oz., and foreign equities have been decimated worse than US equities.

      Peter was correct that US equities and homes would get a haircut and the US would enter a deep recession, and hat's off to him for having the foresight and courage to say so. But, his prescription for individuals wasn't all that great.
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    • Fri Nov 14th 12:21 PM | Rating: +1 0
      Commented on:
      "Sometimes the crocodile biting your leg isn't the one that eats you. Default is on everyone's mind and deflation keeps economists turning restlessly until dawn. But the risk of inflation should not be ignored while we're nationalizing and bailing out." (Economist)
      This statement can be made at any point in time. Inflation is always a problem to be avoided, but it's effects have been ignored while our gub'mint ran up fiscal debts during boom times.

      Now is not, unfortunately, the time to be too worried about inflation. No doubt the printing presses are running 24/7 and that will be problematic down the road. How else did anyone expect the gub'mint to deal with a $10T debt.....with higher taxes? Of course not....much better to use the silent, indirect tax of inflation which will, if fiscal discipline can be restored, enable the gub'mint to pay off old debt with new, cheaper, devalued dollars.
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    • Wed Nov 12th 22:16 PM | Rating: 0 0
      Commented on:
      Jeeps Rock (or How Chrysler Might Crumble)
      Makes perfect sense; therefore, it won't happen in Detroit.
      View article »
    • Wed Nov 12th 08:48 AM | Rating: +1 0
      Commented on:
      Paul Krugman + Al Gore = The Way Forward
      I'm not sure how cheap money and easy credit is going to solve the problem created by cheap money, easy credit, trade deficits, and fiscal deficits.
      View article »
    • Mon Nov 10th 22:41 PM | Rating: 0 0
      Commented on:
      AIG Needs More of Your Grandkids' Money
      "ANY CONGRESSMAN WHO ALLOWS THIS TRAVESTY SHOULD ALSO LOOSE THEIR POSITION ."

      We did a good job of taking out the Republican trash last week. Suggest we give Obama-mania a try for 2 years and then take the Democrat trash in Congress out to the curb too.
      View article »
    • Mon Nov 10th 15:34 PM | Rating: 0 0
      Commented on:
      Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?
      Should we bail out even less efficient, more irresponsible money changes making $10,0723.20 per hour?
      View article »
    • Fri Nov 7th 21:51 PM | Rating: 0 0
      Commented on:
      NBER Says Recession Evidence Is Now 'Conclusive'
      This is great news. Between the NBER and "Sky is Falling" talking heads on CNBC, I'm actually beginning to believe we're only 6-9 months away from a recovery. All we need now is for a few pundits and blood-sucking money changers to do the honorable thing and jump out of their corner office windows.
      View article »
    • Tue Nov 4th 21:51 PM | Rating: 0 0
      Commented on:
      Best Performing S&P 500 Stocks During the Bush Years
      Best performing stocks during the Bush years?

      Other than that, Mrs. Lincoln, how was the play?
      View article »
    • Fri Oct 31st 22:15 PM | Rating: 0 0
      Commented on:
      Nationalizing Detroit? It's a Good Idea
      The real dinosaurs are the auto dealers. I've got dozens of car dealers within a 10-20 mile radius. They're completely unnecessary in the Internet age.
      View article »
    • Fri Oct 31st 21:59 PM | Rating: 0 0
      Commented on:
      Understanding the Limits of the S&P 500's Usefulness as a Market Barometer
      Agreed. Large company indexers should've switched to a total market index like the Wilshire 5000 long ago.
      View article »
    • Thu Oct 30th 15:43 PM | Rating: 0 0
      Commented on:
      Q3's Decline and Fall of Consumption
      Average citizens have begun to realize that they can't deficit spend forever. This should help reduce the trade deficit.

      When the he!! will our idiots in Washington realize that they must do the same, from both a fiscal and a moral standpoint. The growing national debt cannot be kicked down the road forever.

      We need to slash government payrolls and spending drastically. Keep taxes where they are, but start running a $50-$100B surpluses. At that pace, we can pay off the $10T national debt in just 100-200 years.
      View article »
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