Comments on: The perfect storm. http://abriefhistory.org/?p=1771 Mixed political and history blog Tue, 07 Sep 2010 00:37:28 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Michael Kennedy http://abriefhistory.org/?p=1771&cpage=1#comment-108891 Michael Kennedy Thu, 04 Mar 2010 23:47:15 +0000 http://abriefhistory.org/?p=1771#comment-108891 Tampa, how much has it increased under Obama in one year ? I was no fan of Bush's domestic agenda and said so. What we are seeing now is unprecedented and will end in repudiation of the debt. You might look at <a href="http://zdavatz.files.wordpress.com/2009/03/bush_deficit_vs_obama_deficit_in_pictures_2.jpeg" rel="nofollow"> this chart</a> of deficits. Tampa, how much has it increased under Obama in one year ? I was no fan of Bush’s domestic agenda and said so. What we are seeing now is unprecedented and will end in repudiation of the debt. You might look at this chart of deficits.

]]> By: tampa clinic http://abriefhistory.org/?p=1771&cpage=1#comment-108888 tampa clinic Thu, 04 Mar 2010 22:21:03 +0000 http://abriefhistory.org/?p=1771#comment-108888 Our national debt nearly doubled under the Bush administration. Our national debt nearly doubled under the Bush administration.

]]> By: health insurance http://abriefhistory.org/?p=1771&cpage=1#comment-108881 health insurance Thu, 04 Mar 2010 16:55:28 +0000 http://abriefhistory.org/?p=1771#comment-108881 If you have 100,000 dollars in your closet, that's no different than a stack of printer paper, but if you trade those dollars for a yacht, then you have something real and practical. If you trust the dollar, save it. Hold it. If you trust gold, do the same. But if you trust neither, trade the dollars your employer pays you for bars of soap. They have value and are useful. THE BOTTOM LINE: Don't owe anybody any money, and convert the dollars your boss pays you into something YOU control, like gold (if you want it), land, canned food, etc. Or take your chances on the dollar. It's your choice If you have 100,000 dollars in your closet, that’s no different than a stack of printer paper, but if you trade those dollars for a yacht, then you have something real and practical. If you trust the dollar, save it. Hold it. If you trust gold, do the same. But if you trust neither, trade the dollars your employer pays you for bars of soap. They have value and are useful. THE BOTTOM LINE: Don’t owe anybody any money, and convert the dollars your boss pays you into something YOU control, like gold (if you want it), land, canned food, etc. Or take your chances on the dollar. It’s your choice

]]> By: health insurance quotes http://abriefhistory.org/?p=1771&cpage=1#comment-108689 health insurance quotes Tue, 23 Feb 2010 21:42:31 +0000 http://abriefhistory.org/?p=1771#comment-108689 It's just a set up so the party of "NO" can hit another home-run...being obstructionists. I expect he will get to the jobs thing soon enough.. Next fall, you can expect the insurance industry to crank up the prices and Then the party of NO will not be looking so hot... Our President has become the Chicago politician, pragmatist, we always suspected he was. Too bad the only thing our statesmen (sic) are only interested in is their own job security! I guess unemployment is an infection that is going around. It’s just a set up so the party of “NO” can hit another home-run…being obstructionists. I expect he will get to the jobs thing soon enough.. Next fall, you can expect the insurance industry to crank up the prices and Then the party of NO will not be looking so hot… Our President has become the Chicago politician, pragmatist, we always suspected he was. Too bad the only thing our statesmen (sic) are only interested in is their own job security! I guess unemployment is an infection that is going around.

]]> By: Michael Kennedy http://abriefhistory.org/?p=1771&cpage=1#comment-108681 Michael Kennedy Mon, 22 Feb 2010 14:02:55 +0000 http://abriefhistory.org/?p=1771#comment-108681 I agree you get the yield but selling a bond after an interest rate spike, like I anticipate in two years, is going to be ugly. I agree you get the yield but selling a bond after an interest rate spike, like I anticipate in two years, is going to be ugly.

]]> By: florida claims adjuster http://abriefhistory.org/?p=1771&cpage=1#comment-108678 florida claims adjuster Sun, 21 Feb 2010 20:22:54 +0000 http://abriefhistory.org/?p=1771#comment-108678 You get the feeling that the investment bankers have paid shills to warn about a bond market bubble every month or so in order to get some IPO's not worth their weight out the door. If you actually buy the bond in the secondary market, the worst you can do is get the yield you bought it at to maturity. But selling them back with 1-2 years left to maturity has been a winning strategy recently. How is this a bubble? You get the feeling that the investment bankers have paid shills to warn about a bond market bubble every month or so in order to get some IPO’s not worth their weight out the door. If you actually buy the bond in the secondary market, the worst you can do is get the yield you bought it at to maturity. But selling them back with 1-2 years left to maturity has been a winning strategy recently. How is this a bubble?

]]> By: Michael Kennedy http://abriefhistory.org/?p=1771&cpage=1#comment-108677 Michael Kennedy Sun, 21 Feb 2010 20:04:05 +0000 http://abriefhistory.org/?p=1771#comment-108677 Actually, I recognized the bubble in 2006 when I spent some time looking at houses other than my own. I could not believe the prices that people were paying for them when they were obviously not worth the price and the people could not afford the mortgages. Had I been a young guy with no family, it might have been an option to sell and rent, as several people I know of did. It wasn't an option for me so I sat tight and, as a result, I have lost several hundred thousand dollars of paper equity but did not get in deep water. My son has seen the same loss of paper equity but is secure in his home. He actually rode the bubble with a condo I helped him buy before he was married and then he traded up to a nice home with the equity gain in the condo. He then did not attempt any more trading. As Bernard Baruch once said when asked how he made his fortune, "I sold out too soon." Actually, I recognized the bubble in 2006 when I spent some time looking at houses other than my own. I could not believe the prices that people were paying for them when they were obviously not worth the price and the people could not afford the mortgages.

Had I been a young guy with no family, it might have been an option to sell and rent, as several people I know of did. It wasn’t an option for me so I sat tight and, as a result, I have lost several hundred thousand dollars of paper equity but did not get in deep water.

My son has seen the same loss of paper equity but is secure in his home. He actually rode the bubble with a condo I helped him buy before he was married and then he traded up to a nice home with the equity gain in the condo. He then did not attempt any more trading. As Bernard Baruch once said when asked how he made his fortune, “I sold out too soon.”

]]> By: avmed http://abriefhistory.org/?p=1771&cpage=1#comment-108676 avmed Sun, 21 Feb 2010 19:07:45 +0000 http://abriefhistory.org/?p=1771#comment-108676 Seems like the term "Bubble" in relation to any asset class is this years equivalent to 2007's term "a perfect storm". It's a great term for cocktail party conversation but it isn't particularly useful in assessing an investment strategy. A bubble is only recognized in hindsight. People were predicting a real estate bubble as early as 2000. It wasn't until 2008 that the prediction came true. Every asset class with returns that exceed the long term averages is potential bubble. If you?re worried about a bond bubble you may wish to worry more about a gold bubble. Seems like the term “Bubble” in relation to any asset class is this years equivalent to 2007′s term “a perfect storm”. It’s a great term for cocktail party conversation but it isn’t particularly useful in assessing an investment strategy. A bubble is only recognized in hindsight. People were predicting a real estate bubble as early as 2000. It wasn’t until 2008 that the prediction came true. Every asset class with returns that exceed the long term averages is potential bubble. If you?re worried about a bond bubble you may wish to worry more about a gold bubble.

]]> By: William R. Barker http://abriefhistory.org/?p=1771&cpage=1#comment-108667 William R. Barker Fri, 19 Feb 2010 23:59:34 +0000 http://abriefhistory.org/?p=1771#comment-108667 Outstanding, doc! BILL Outstanding, doc!

BILL

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