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Teacherman1 (62.19)

Goldman makes money the "New Fashioned Way"

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December 24, 2009 – Comments (2) | RELATED TICKERS: GS

In case you missed it.

Here is a link to the "Top Stories" section of Yahoo Finance, about a story published in the New York Times.

This is must reading for any investor.

Created, sold to investors, then bet against the investors.

New York Times

Gretchen Morgenson and Louise Story
Thursday, December 24, 2009

2 Comments – Post Your Own

#1) On December 24, 2009 at 2:24 PM, alstry (35.03) wrote:

Soon you will understand that most debt is dependent on other debt performing.....and when enough debt fails, most debt fails....and when most debt fails, pretty much everything fails.....

And much of this debt is still being artificially priced by the system to create the illusion of value so high fees can be generated.

And guess what is in your pension funds and retirement accounts.  And when debt fails, guess what equity is worth?????

When most things fail.....things get very interesting.

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#2) On December 24, 2009 at 5:21 PM, Teacherman1 (62.19) wrote:

Thanks for the post Alstry, but sometimes the things you write remind me of those "nonsense" paragraphs you see posted from time to time.

They are intentionally written that way, but I assume yours are not.

Soon I will be entering into my 8th decade of life, so I understand a great deal more than you might think; about debt, about pensions, about the system, and even about illusions.

I have prepared for what the future (however much more of it I may experience) may bring, as far as it has been within my ability to do so, but tomorrow I am celebrating the birth of the one I rely on more than anything in and of this world, so I am not worried whatever may happen.

Hope you have a Merry CHRISTmas, if you celebrate it, and if not, I hope you have a nice day.

For anyone else who may happen to read this, may you also have a Merry CHRISTmas, and may you enjoy the next few days of market free life by spending it with those you love. 

 

 

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