Technical Analysis Fallacy

Quoting jest1081

Disliked

Yen Daily Key reversal

Ignored

Quote

Disliked

Buffett spotlights nation's debt crisis movie

OMAHA, Neb. (AP) -- The catastrophe looming in the documentary "I.O.U.S.A." isn't romantic like the doomed young love in "Titanic," but billionaires Warren Buffett and Pete Peterson warn it could break many more hearts.

The disaster they warn of could be bigger than any we've ever seen - bigger than an iceberg, bigger even than the current mortgage crisis.

If the U.S. doesn't do something, and fast, to tame the federal government's debts - now more than $50 trillion - the two Nebraska natives warn we will saddle coming generations with economic problems that will make this year's financial turbulence look like a trip to the debt counselor's office.

Premiering Thursday at 358 theaters nationwide, "I.O.U.S.A." is part of Peterson's campaign to give the ballooning debt a central role in the presidential campaign.

A live panel discussion after the first showings - tape delayed for moviegoers in the West - will include Buffett, Peterson and other experts. Despite ticket prices much higher than for a feature, at $11.50 to $20, Thursday's showings had sold out at some theaters by Wednesday, organizers said.

The two prominent investors don't share a political philosophy: Peterson endorses Republican John McCain for president while Buffett favors Democrat Barack Obama. But they say the nation's budget and trade deficits aren't really partisan issues.

"Our situation is a lot worse than advertised, and we need to start making some tough choices if we want our future to be better than our past," former U.S. Comptroller David Walker, one of the movie's stars, said Wednesday.

Peterson - who co-founded the Blackstone Group LP (BX) private equity firm and served as commerce secretary under President Nixon - is financing the movie and the discussion in Omaha to advance the goals of his foundation, created in February, which Walker runs.

Peterson pledged $1 billion to help raise the alarm about the nation's budget deficit, the projected shortfalls in Medicare and Social Security funding, the trade deficit and the meager savings rate for most Americans.

Peterson and Walker both talk about the substantial debt burden that could be left for future generations if changes aren't made.

"We're mortgaging the future of people who can't vote and might not even be born yet," Walker said.

The "I.O.U.S.A." filmmakers followed Walker as he toured the country speaking to college groups, newspaper editorial boards and community groups about the nation's financial problems.

Most of the talks in the movie took place while Walker still ran the Government Accountability Office, an investigative arm of Congress that audits and evaluates the performance of the federal government.

Walker and the movie cite GAO figures that show the U.S. government owed roughly $53 trillion more than it had at the end of the 2007 fiscal year, which is the most recent figure available.

About $11 trillion of that covers the publicly traded government debt, the amount the federal government owes to employee pensions and the cost of environmental cleanup of federal land. The rest of the $53 trillion figure accounts for projected shortfalls in Medicare and Social Security.

The cost of covering those obligations is expected to spiral as more and more baby boomers become eligible for the two programs.

The film also features interviews with prominent businessmen and officials from both major political parties, such as former Federal Reserve chairman Alan Greenspan and Paul Volcker and former U.S. Treasury secretaries Paul O'Neill and Robert Rubin.

Buffett did not respond to a request for an interview for this story, but he has said the United States is essentially selling off chunks of the country to foreign investors to finance the nation's overconsumption.

"We've got a super-subprime crisis brewing - namely, the federal government's finances," Walker said. "The factors that caused the mortgage-based subprime (crisis) to explode exist for the government's finances. The difference is it's 25 times - at least - bigger."

Buffett also has warned for years that the nation's trade deficit - the difference between how much the country imports and exports - was going to devalue the dollar and create other problems.

"Our trade equation guarantees massive foreign investment in the U.S. When we force-feed $2 billion daily to the rest of the world, they must invest in something here," Buffett said in his annual letter to shareholders earlier this year.

Thursday's panel discussion will also feature Bill Novelli, AARP's chief executive, and William Niskanen, chairman of the libertarian-leaning CATO Institute.

With showings in 358 theaters, the movie's premiere likely will be bigger than its planned 12-city theatrical run, which begins Friday.

The main reason the movie is being distributed in theaters is that its makers think it could contend for an Academy Award, Walker said. More people will likely see the movie after it leaves theaters because the foundation hopes to air it on television early next year, he said.

Clips from the movie and panel discussion will be available online.

Quoting jest1081

Disliked

Quote:
Buffett spotlights nation's debt crisis movie

OMAHA, Neb. (AP) -- The catastrophe looming in the documentary "I.O.U.S.A." isn't romantic like the doomed young love in "Titanic," but billionaires Warren Buffett and Pete Peterson warn it could break many more hearts.

The disaster they warn of could be bigger than any we've ever seen - bigger than an iceberg, bigger even than the current mortgage crisis.

If the U.S. doesn't do something, and fast, to tame the federal government's debts - now more than $50 trillion - the two Nebraska natives warn we will saddle coming generations with economic problems that will make this year's financial turbulence look like a trip to the debt counselor's office.

Premiering Thursday at 358 theaters nationwide, "I.O.U.S.A." is part of Peterson's campaign to give the ballooning debt a central role in the presidential campaign.

A live panel discussion after the first showings - tape delayed for moviegoers in the West - will include Buffett, Peterson and other experts. Despite ticket prices much higher than for a feature, at $11.50 to $20, Thursday's showings had sold out at some theaters by Wednesday, organizers said.

The two prominent investors don't share a political philosophy: Peterson endorses Republican John McCain for president while Buffett favors Democrat Barack Obama. But they say the nation's budget and trade deficits aren't really partisan issues.

"Our situation is a lot worse than advertised, and we need to start making some tough choices if we want our future to be better than our past," former U.S. Comptroller David Walker, one of the movie's stars, said Wednesday.

Peterson - who co-founded the Blackstone Group LP (BX) private equity firm and served as commerce secretary under President Nixon - is financing the movie and the discussion in Omaha to advance the goals of his foundation, created in February, which Walker runs.

Peterson pledged $1 billion to help raise the alarm about the nation's budget deficit, the projected shortfalls in Medicare and Social Security funding, the trade deficit and the meager savings rate for most Americans.

Peterson and Walker both talk about the substantial debt burden that could be left for future generations if changes aren't made.

"We're mortgaging the future of people who can't vote and might not even be born yet," Walker said.

The "I.O.U.S.A." filmmakers followed Walker as he toured the country speaking to college groups, newspaper editorial boards and community groups about the nation's financial problems.

Most of the talks in the movie took place while Walker still ran the Government Accountability Office, an investigative arm of Congress that audits and evaluates the performance of the federal government.

Walker and the movie cite GAO figures that show the U.S. government owed roughly $53 trillion more than it had at the end of the 2007 fiscal year, which is the most recent figure available.

About $11 trillion of that covers the publicly traded government debt, the amount the federal government owes to employee pensions and the cost of environmental cleanup of federal land. The rest of the $53 trillion figure accounts for projected shortfalls in Medicare and Social Security.

The cost of covering those obligations is expected to spiral as more and more baby boomers become eligible for the two programs.

The film also features interviews with prominent businessmen and officials from both major political parties, such as former Federal Reserve chairman Alan Greenspan and Paul Volcker and former U.S. Treasury secretaries Paul O'Neill and Robert Rubin.

Buffett did not respond to a request for an interview for this story, but he has said the United States is essentially selling off chunks of the country to foreign investors to finance the nation's overconsumption.

"We've got a super-subprime crisis brewing - namely, the federal government's finances," Walker said. "The factors that caused the mortgage-based subprime (crisis) to explode exist for the government's finances. The difference is it's 25 times - at least - bigger."

Buffett also has warned for years that the nation's trade deficit - the difference between how much the country imports and exports - was going to devalue the dollar and create other problems.

"Our trade equation guarantees massive foreign investment in the U.S. When we force-feed $2 billion daily to the rest of the world, they must invest in something here," Buffett said in his annual letter to shareholders earlier this year.

Thursday's panel discussion will also feature Bill Novelli, AARP's chief executive, and William Niskanen, chairman of the libertarian-leaning CATO Institute.

With showings in 358 theaters, the movie's premiere likely will be bigger than its planned 12-city theatrical run, which begins Friday.

The main reason the movie is being distributed in theaters is that its makers think it could contend for an Academy Award, Walker said. More people will likely see the movie after it leaves theaters because the foundation hopes to air it on television early next year, he said.

Clips from the movie and panel discussion will be available online.

Ignored

Quoting jest1081

Disliked

happy reading...comments pls

Ignored

Quoting fti

Disliked

A lesson in Finance & Management excellence.

[...]

Ignored

Quoting fti

Disliked

A lesson in Finance & Management excellence.

M't:25:14: For the kingdom of heaven is as a man travelling into a far country, who called his own servants,
and delivered unto them his goods.
M't:25:15: And unto one he gave five talents, to another two, and to another one;
to every man according to his several ability; and straightway took his journey.

M't:25:16: Then he that had received the five talents went and traded with the same, and made them other five talents.
M't:25:17: And likewise he that had received two, he also gained other two.
M't:25:18: But he that had received one went and digged in the earth, and hid his lord's money.

M't:25:19: After a long time the lord of those servants cometh, and reckoneth with them.

M't:25:20: And so he that had received five talents came and brought other five talents, saying,
Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more.
M't:25:21: His lord said unto him, Well done, thou good and faithful servant:
thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord.

M't:25:22: He also that had received two talents came and said, Lord, thou deliveredst unto me two talents:
behold, I have gained two other talents beside them.

M't:25:23: His lord said unto him, Well done, good and faithful servant; thou hast been faithful over a few things,
I will make thee ruler over many things: enter thou into the joy of thy lord.

M't:25:24: Then he which had received the one talent came and said, Lord,
I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed:
M't:25:25: And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine.
M't:25:26: His lord answered and said unto him, Thou wicked and slothful servant,
thou knewest that I reap where I sowed not, and gather where I have not strawed:
M't:25:27: Thou oughtest therefore to have put my money to the exchangers,
and then at my coming I should have received mine own with usury.
M't:25:28: Take therefore the talent from him, and give it unto him which hath ten talents.
M't:25:29: For unto every one that hath shall be given, and he shall have abundance:
but from him that hath not shall be taken away even that which he hath.
M't:25:30: And cast ye the unprofitable servant into outer darkness:
there shall be weeping and gnashing of teeth.

What more a servant that spend more than he is been given?
May God have mercy on his soul and decendents.
http://www.youtube.com/watch?v=HBo2xQIWHiM

regards

The outcome of incompetent management
http://www.youtube.com/watch?v=vAEIFvpgrGE&fmt=18

The businessman.
http://www.youtube.com/watch?v=0XbIZqg4v7w&fmt=18

Ignored

Quoting jest1081

Disliked

it makes me wonder, how much USD is really worth? heheh

Ignored

Quote

Disliked

[23:07] fti: when in bear mode stay thinking
[23:07] fti: Is is going down.
[23:08] fti: when in bear mode stay thinking bear mode
[23:10] fti: when in bear mode always ask is it going down
[23:10] fti: never think oh I see up pattern
[23:10] fti: stay bear
[23:11] fti: if the scout in trouble send rescue later
[23:12] fti: this was one of the laws I gave at the feb posts

Quoting fti

Disliked

A lesson in Finance & Management excellence.

M't:25:14: For the kingdom of heaven is as a man travelling into a far country, who called his own servants,
and delivered unto them his goods.
M't:25:15: And unto one he gave five talents, to another two, and to another one;
to every man according to his several ability; and straightway took his journey.

M't:25:16: Then he that had received the five talents went and traded with the same, and made them other five talents.
M't:25:17: And likewise he that had received two, he also gained other two.
M't:25:18: But he that had received one went and digged in the earth, and hid his lord's money.

M't:25:19: After a long time the lord of those servants cometh, and reckoneth with them.

M't:25:20: And so he that had received five talents came and brought other five talents, saying,
Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more.
M't:25:21: His lord said unto him, Well done, thou good and faithful servant:
thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord.

M't:25:22: He also that had received two talents came and said, Lord, thou deliveredst unto me two talents:
behold, I have gained two other talents beside them.

M't:25:23: His lord said unto him, Well done, good and faithful servant; thou hast been faithful over a few things,
I will make thee ruler over many things: enter thou into the joy of thy lord.

M't:25:24: Then he which had received the one talent came and said, Lord,
I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed:
M't:25:25: And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine.
M't:25:26: His lord answered and said unto him, Thou wicked and slothful servant,
thou knewest that I reap where I sowed not, and gather where I have not strawed:
M't:25:27: Thou oughtest therefore to have put my money to the exchangers,
and then at my coming I should have received mine own with usury.
M't:25:28: Take therefore the talent from him, and give it unto him which hath ten talents.
M't:25:29: For unto every one that hath shall be given, and he shall have abundance:
but from him that hath not shall be taken away even that which he hath.
M't:25:30: And cast ye the unprofitable servant into outer darkness:
there shall be weeping and gnashing of teeth.

What more a servant that spend more than he is been given?
May God have mercy on his soul and decendents.
http://www.youtube.com/watch?v=HBo2xQIWHiM

regards

The outcome of incompetent management
http://www.youtube.com/watch?v=vAEIFvpgrGE&fmt=18

The businessman.
http://www.youtube.com/watch?v=0XbIZqg4v7w&fmt=18

Ignored

Quoting rod30

Disliked

Lu San very nice diary thanks too much

Ignored

Quoting MaMood

Disliked

Hi fti,

someone has stolen your nickname :
(Found that by accident. Was looking for forex training coorps)

"FTI Training Ltd (FTI) t/a Forex worldwide Training and Support has international presence in the fields of
Forex and CFD training and support. FTI is based in Dublin, Ireland with representation in Australia, Spain,
United Kingdom, and South Africa. Since 1999, the company has been developing, producing and marketing a range of Forex and CFD -related training products and services to both individual and corporate clients. "

You'll find some more info just here:
http://www.forexsupport.net/about_us.asp

Ignored