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  • #69,261
  • Feb 25, 2009 7:00pm Feb 25, 2009 7:00pm
Quoting Jay Walker
I know it was rah rah! If I didn't know better, I would have said that the guy was peddling some Amway crap.

What happened to the charismatic, intelligent guy who was supposed to be the second coming of Christ?

Before I get flamed by the Democrats, let me say that I actually like the guy. But what he's got so far in terms of solutions is about as solid as custard.
The guy can speak...I like him too - I just think we are way to deep for any "policy" government can think of will work.

I meet with a bunch of guys every Wed for lunch (mostly retired CEO's - I'm the youngest by about 40 years) and discuss current events...we realized that it wasn't the lack of spending that got us into this mess, it's the lack of savings...

The major country's around the world have an average of 10-20% savings - the average american has -5-10% savings (yes that was a negative - gotta love credit). What this caused was when people started losing their jobs, they didn't have the capital to pay their mortgage.

Everything is Bass Ackwards.
  • #69,262
  • Feb 25, 2009 7:10pm Feb 25, 2009 7:10pm
Quoting bgin2end
The guy can speak...I like him too - I just think we are way to deep for any "policy" government can think of will work.

I meet with a bunch of guys every Wed for lunch (mostly retired CEO's - I'm the youngest by about 40 years) and discuss current events...we realized that it wasn't the lack of spending that got us into this mess, it's the lack of savings...

The major country's around the world have an average of 10-20% savings - the average american has -5-10% savings (yes that was a negative - gotta love credit)....
I theorize that most are going with the old "got to spend money to make money" saying.

Except that people forget that credit is not money.
Not all sins are created equal
  • #69,263
  • Feb 25, 2009 7:21pm Feb 25, 2009 7:21pm
http://www.sec.gov/news/openmeetings/agenda042804.htm
this meeting allowed investment banks to leverage infinitely...they changed the rule from 15% to infinite..this is why there are trillions of dollars still not disclosed yet..this allowed golden to hedge oil and caused a shortage on paper.mean while calling for 100 dollar oil then 150 and right before pop 200..then ..driving the price up.then the hedge had to pay the piper and all the money dried up. killing the economy..along with aig insuring all this wealth made of nothing.. this is why paulson wanted to bail out aig to pay goldmen for losses..aig is gonna be on the welfare system for a long time...we could of just sent the money directly to goldmen... and the stimli check last year we could of saved millions in stamps ect. by just sending one check to the saudis prince..we were raped and everyones standing around in disbelief..cause we thought we were smarter then that..guess what we have been had...
those who can, do. those who cant, talk about those who can
  • #69,264
  • Feb 25, 2009 7:25pm Feb 25, 2009 7:25pm
hang them all
those who can, do. those who cant, talk about those who can
  • #69,265
  • Feb 25, 2009 7:26pm Feb 25, 2009 7:26pm
Quoting gatorinla
hang them all
That's what china would do, and I agree.
  • #69,266
  • Feb 25, 2009 7:32pm Feb 25, 2009 7:32pm
Quoting gatorinla
hang them all
Hang 'em? But torturing them first is so much more fun!
Not all sins are created equal
  • #69,267
  • Feb 25, 2009 7:33pm Feb 25, 2009 7:33pm
I'm still getting the first post of every new page somehow. I'm cursed.
Not all sins are created equal
  • #69,268
  • Feb 25, 2009 7:35pm Feb 25, 2009 7:35pm
i took a bath last night shorting eu hit my sl... took me all day to catch back the money...i shorted after but was late for the party..up 50 pips for the day now..it was my fault i didnt stick to entry plan...
those who can, do. those who cant, talk about those who can
  • #69,269
  • Feb 25, 2009 7:37pm Feb 25, 2009 7:37pm
when the banks disclose some of that crap soon.. i think we might test october lows..
those who can, do. those who cant, talk about those who can
  • #69,270
  • Feb 25, 2009 7:38pm Feb 25, 2009 7:38pm
1929 october lows!!!
those who can, do. those who cant, talk about those who can
  • #69,271
  • Feb 25, 2009 7:39pm Feb 25, 2009 7:39pm
Quoting gatorinla
i took a bath last night shorting eu hit my sl... took me all day to catch back the money...i shorted after but was late for the party..up 50 pips for the day now..it was my fault i didnt stick to entry plan...

You have a spike free broker???

http://img.slate.com/media/1/123125/...ow_zefrank.jpg

TELL ME MORE!!

Not all sins are created equal
  • #69,272
  • Feb 25, 2009 7:39pm Feb 25, 2009 7:39pm
yes me too, i heard the bear's wishpering. looking at m4 too.
  • #69,273
  • Feb 25, 2009 7:40pm Feb 25, 2009 7:40pm
Quoting gatorinla
1929 october lows!!!
That's what happens when you let poor people buy houses.
Not all sins are created equal
  • #69,274
  • Feb 25, 2009 7:42pm Feb 25, 2009 7:42pm
Quoting Jay Walker

You have a spike free broker???



http://img.slate.com/media/1/123125/...ow_zefrank.jpg


TELL ME MORE!!

mb trading.. but they have commission...and gftforex for scalping..
those who can, do. those who cant, talk about those who can
  • #69,275
  • Feb 25, 2009 7:44pm Feb 25, 2009 7:44pm
the first has some good order styles.. limit with tp sl all or trailing stops..i like it cause its simple.. and im a simple minded guy
those who can, do. those who cant, talk about those who can
  • #69,276
  • Feb 25, 2009 7:49pm Feb 25, 2009 7:49pm
Quoting gatorinla
gftforex for scalping..
Ah yes, GFT. I remember signing up for a demo account with them way back when and some rep constantly called me trying to sign me up.

She sounded hot and used her voice to her advantage. But it's one rare occasion where the big head won over the small one.

I'll check out MB. Simple enough for Gator is good enough for me.
Not all sins are created equal
  • #69,277
  • Feb 25, 2009 7:49pm Feb 25, 2009 7:49pm
Anytime now.....

http://www.powerlineblog.com/PolarBear77.jpg
  • #69,278
  • Feb 25, 2009 7:49pm Feb 25, 2009 7:49pm
Trading is simple

USDJPY just came to life, and GBPJPY broke a major resistance... for now
Traders are smartasses
  • #69,279
  • Feb 25, 2009 7:50pm Feb 25, 2009 7:50pm
Quoting Jay Walker
That's what happens when you let poor people buy houses.
that makes the headlines but its a lot more then that... guess who created the demand... goldmen and freinds they bundled them up and sold them to some poor suckers.(hedge funds)..they had some tech geeks make a model nobody understood with many hands in the pot....yep the smartest guys in the room....over leveraged..
those who can, do. those who cant, talk about those who can
  • #69,280
  • Feb 25, 2009 7:52pm Feb 25, 2009 7:52pm
Quoting Byrd
Anytime now.....

http://www.powerlineblog.com/PolarBear77.jpg
Conan O'Brien's show may be over but I'm still a fan.

http://www.nerve.com/CS/blogs/therem...turbearvp5.jpg
Not all sins are created equal
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