"For speculative capital, nimbleness is the essential attribute. Rushing in when it sees an opportunity and heading for the exit at the first sign of trouble, speculative capital has too often turned upswings into bubbles and downward cycles into crises"
- Henry Kissinger, May 2008
May 31, 2008
HousingPANIC Quote of the Day
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Speculation is evil. Speculators are parasites. We need to come up with a way to allow people to invest while preventing speculation.
What if there was a minimum time for stock ownership? Say, you can't sell stock until 5 years after purchase. Make everyone invest like Warren Buffet.
"FOR FINANCIAL SURVIVAL, JINGLE MAIL IS THE ESSENTIAL ATTRIBUTE. BUT RUSHING THE KEYS BACK BEFORE YOUR FELLOW FB'S (F#CKED BUYERS) BEGIN TO CLOG THE EXITS IS UNWISE. MAKE USE OF THE CONFUSION TO EXTEND YOUR FREE STAY. ANGELO'S SPECULATIVE CAPITAL SHOULD BE USED UNTIL THE SHERIFF SHOWS UP TO THROW YOU OUT. THEN IT IS TIME TO TAKE YOUR TOYS AND LEAVE. BUT NOT BEFORE YOU PAINT THE WALLS, FLOOR, CEILING, AND THE NEIGHBOR'S CAT ORANGE"
- DOPES, MAY 2008
Isn't that the very nature of price discovery process? That's the whole point of the free market place, instead of some socialist economic planning where the prices are what the emperors dictatate.
Is Henry ready to bring back rationing and long soviet style gas lines of the 1970's?
Kiss, another disloyal greedy pig that should have been deported after an asset seizure years ago.
What do you have to do to escape these con-men anyway?
DOPES said...
"FOR FINANCIAL SURVIVAL, JINGLE MAIL IS THE ESSENTIAL ATTRIBUTE. BUT RUSHING THE KEYS BACK BEFORE YOUR FELLOW FB'S (F#CKED BUYERS) BEGIN TO CLOG THE EXITS IS UNWISE. MAKE USE OF THE CONFUSION TO EXTEND YOUR FREE STAY. ANGELO'S SPECULATIVE CAPITAL SHOULD BE USED UNTIL THE SHERIFF SHOWS UP TO THROW YOU OUT. THEN IT IS TIME TO TAKE YOUR TOYS AND LEAVE. BUT NOT BEFORE YOU PAINT THE WALLS, FLOOR, CEILING, AND THE NEIGHBOR'S CAT ORANGE"
- DOPES, MAY 2008
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Big Up DOPES!
I love you man...
RayNLA
Henry Kissinger, Dick Cheney and George Bush all belong in a maximum security prison. These are the real Lex Luthors of the world, the war criminals and proponents of the New World Order.
Warren Buffet speculates all the time. His Berkshire Heatherway just lost over a billion dollars underwriting put options on SP500. What does that mean? At least two facts:
1. He was engaged in derivative trading; PUT option on SP500 is a form of derivative.
2. The loss took place and was closed out much shorter than 5 years after the intial position was taken. SP500 options are traded on monthly and quarterly basis, with a few LEAP contracts lasting a couple years (currently out to DEC 2010). There is no 5yr position on SP500 options.
Trading and speculation are part and parcel of investment strategies. When conditions change, a good trader need to exit wrong positions quickly. It would make no sense to require banks to hold bad mortgages for 5yrs before foreclosure and writing off as loss. On the other hand, they should be required to take the full loss when they do exit the position, not dumping it on taxpayers without realizing the full loss that their bad investment results in. The key requirement to preserve free market is that participants should take risk at their own expense, not to be bailed out by the FED when they fail. That also means the FED should stop inflating, so the investment community doesn't have to scramble and get ahead of the FED in order to preserve the wealth of their clients.
Why isn't this neocon man and the rest of his ilk in prison for war crimes yet?
Mygosh, I thought that Canadians were swimming in money with all the talk about purchasing real estate in AZ and how's different there. I guess the bull$hit and denial is over:
Canadian Economy In Trouble
While the whole world is worried about the slowdown in the US, Canada has to deal with a shocker in its backyard today. For the first time in almost 5 years, Canada’s economy contracted in the first quarter. Its GDP shrank an annualized 0.3% (0.4% gain expected) in January through March following an 0.8% growth in the fourth quarter. On a quarterly basis, GDP fell 0.1% after growing 0.2% previously.
This data is unexpected, and compared with the 0.9% gain in the US economy in 1Q, it seems even more unreal. Vehicles and parts production were the hardest hit, accounting for 40% of the fall in manufacturing. The Canadian dollar immediately fell against the US dollar after the news release. We think that the Bank of Canada may be forced to cut interest rates again next month.
See my friends (I said it like McCain), that's what America is about: ingenuity, no nonsense solutions, laughing at the face of despair. A salute to another hero who values the American entrepreneurial spirit. Farewell, my friend:
Dr. Fredric J. Baur was so proud of having designed the container for Pringles... that he asked his family to bury him in one. His children honored his request. Part of his remains was buried in a Pringles can — along with a regular urn containing the rest... Dr. Baur, a retired organic chemist and food storage technician who specialized in research and development and quality control for Procter & Gamble, died May 4 at 89... He developed many products, including frying oils and a freeze-dried ice cream, for P&G... But the Pringles can was his proudest accomplishment, his daughter said. He received a patent for the package as well as the method of packaging Pringles in 1970."
http://tinyurl.com/6n9x5p
So....'peace is at hand' is now a day-trader?
F'ing brilliant.
If you want to understand what the Neoconservative movement is all about here's a good place to start:
Leo Strauss and the NeoConservatives
These are the crazies running the administration right now and the crazies that have hijacked the Republican party. So all you fake conservatives out there - you're not conservative or Republican if you're supporting these clowns.
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