March 18, 2009
– Comments (7)
It is just wrong that these companies, as incompetent as AIG, are essentially being bailed out in spades by taxpayers.
You are by far one of the most consistent quality bloggers on CAPs....not only that you are a damn good player......keep up the good work.
I don't think I have been blogging that much lately. I really went for the blogging and warning when people had a chance to preserve their capital and now that what's lost is lost, well, what's happened happened.
Certainly I wished very much when I was a trusting soul that there had been a voice out there warning me with the 2000 crash, but financial advisors are suppose to be competent and put your best interests first, right? lmao, sure...
But then, I probably learned more from the financial hardship of losing so big in that crash, well, it gave me the what I needed to sit on the side lines. I certainly believe that if I was in the market I would still be doing better then 90-99% of the people in the market, but I also believe that there is still an enormous risk of sudden deleveraging that could be very painful and would even hit the best.
And speaking of advisors, I am still holding this one piece of garbage that had me locked in for 8 years. It should be close to now that I can unload it... Last I looked it was at about 65c on the dollar...
DWOT - I believe you are the best blogger I've seen on the fool. You seem to be very level headed and have never seen you make outrageous or unwise comments. The Fool has seem to become a place with a bunch of fear mongering useless blogs, but I always find yours insightful.
I would like to hear your thoughts on the US dollar and where you think it is heading in particular related to the US buying long term treasuries. Is this a sign that foreign countries are no longer willing to buy our debt or is it unrelated and just an attempt to lower interest rates in order to try and jump start the economy.
I am sitting 95% in cash and have become increasingly unsure of how wise this is. I just can't help but believe with this new development, the government is going to do whatever it takes (i.e. print as much money as it takes) to try and halt deflation, thereby causing inflation.
That being said commodities/realeste seem to be the place to turn. FYI houseing in my market has only appreciated at 3-4% for the last 10 years and my state has 6.5% unemployment; we have not experienced a bubble. What are your thoughts?
i think your real blogging site www.makingsenseofmyworld.com is wayyy underated. I learned so much about your 2007 article on gold and how goldminers are not going to get the same type of earnings exposure as before, I am long gold as of now, but you made me realize that we are in a gold bubble that has not ended just yet, but that it is a bubble of fear and will end.
And I have to join others in thanking you. Last year your warnings about commercial real estate and alt-a loans being the next shoe to drop were very helpful. Bravo, thanks for the good work.
Aig got in trouble because thier number on customer was the US goverment. The House of Represenatives and Senate have been writing checks our nation can't cash. It seems stange that the very people complaing about bonuses and free enterprise i.e. our elected officals have no problems with deficets that is what all of us should look at not capitalism at work.