… is exactly where the market was back in March when the S&P 500 hit 666. Everyone thought the world was coming unhinged, and well it was and still is. However, not everything comes tumbling down instantly. With every play there are acts, and at some point the climax. Without the climax how can we [...]
Bonds, bonds, bonds… United States Government bonds ARE the safest investment in the world besides cash. Right? They are aren’t they? I mean they are backed by the taxing power of the United States Government so they have to be. Well, sure you will get your money back at a measly 2.x% these days. Isn’t [...]
I thought I’d have a little fun comparing the highs and lows of the crash of 1929 to today. I’d love to say that I came up with a wonderful prediction, but alas I can’t even read palms (yet). So, to explain what I’ve done a bit the top section is from 1929, and the [...]
21 Oct, 2008
I received an email from a friend and here is my response. You ought to be able to decipher what the questions were about. These are my opinions of the present situation, and are by no means recommendations. —- 1) Voting for McCain… I really don’t think voting for A or B is going [...]
If I had to place a bet on who would win… The major banks or the taxpayer… The BANKS win!! Hooray the institution is saved! Round after round of talks end in someone getting bailed out or should I say supported or prevented from failing so the whole economy doesn’t come tumbling down. The markets seems to be happy [...]
16 Sep, 2008
Posted by: gauntlett In: Debt|Economy|Federal Reserve|Finance|Uncategorized|United States Dollar
The Fed is Heralded as a savior. I’d like to present a dissenting opinion and it will only take a moment. The Fed is a quasi-governmental entity — read private bank. It is a very large private bank that oversees the money flows between banks with the exclusive privilege of creating and destroying [...]
09 Sep, 2008
Posted by: gauntlett In: Debt|Economy|Federal Reserve|Finance|Investing|News|Politics|United States Dollar|War
What concerns me most is looking at the highly probable future outlook… The gov’t is looking to bail out the Freddie and Fannie (dependent upon congressional approval), which will help out new, but not existing home buyers. By adding their debt the gov’t is using our tax dollars and inflation adjusted dollars to secure them. [...]
Okay, here is a very interesting sermon about Debt. Regardless of your stance on religion this is an interesting watch.
