good point
― Tracer Hand, Sunday, 20 January 2008 17:31 (sixteen years ago) link
my savings account pays about half of inflation
― Hurting 2, Sunday, 20 January 2008 17:47 (sixteen years ago) link
http://img.photobucket.com/albums/v134/tracerhand/squeezethatmoneybrother.jpg
― Tracer Hand, Monday, 21 January 2008 11:15 (sixteen years ago) link
In the current climate there is no safe haven for your money.
The safest investments will be those which have immediate practical value to you personally: tools, practical clothes and shoes, acquiring a valuable skill - that sort of thing. The perfecta would be a tool that you would use for yourself, is not common, and could conceivably be turned into a small side business to earn a few bucks.
The riskiest will be those where you have no firsthand knowledge or experience, the "Argentinian Railway Bonds are a sure bet" or "the Thai auto industry is going to be the next big thing" kind of investment.
― Aimless, Monday, 21 January 2008 18:33 (sixteen years ago) link
The best investment of all is yourself. Skills
― Alex in Denver, Monday, 21 January 2008 19:36 (sixteen years ago) link
Sometimes a skill is rather forlorn without the tools to make it go.
― Aimless, Monday, 21 January 2008 19:38 (sixteen years ago) link
an interesting chart from our friends at calculated risk:
http://bp1.blogger.com/_pMscxxELHEg/R5TbFlX1msI/AAAAAAAABfk/WCQnqA1I_5A/s1600/SP500MonthlyCloseChange.jpg
― Eisbaer, Monday, 21 January 2008 20:18 (sixteen years ago) link
and for the REALLY antsy ILXors, the same chart from the Great Depression through today:
http://bp0.blogger.com/_pMscxxELHEg/R5TrdVX1mtI/AAAAAAAABfs/vqPdabZ5Or4/s1600/DOWCloseMax.jpg
― Eisbaer, Monday, 21 January 2008 20:19 (sixteen years ago) link
blogspot do not allow hotlinking bro
― El Tomboto, Monday, 21 January 2008 20:21 (sixteen years ago) link
SQUEEZE THAT MONEY BRO
bernanke needs to start saying bro
― El Tomboto, Monday, 21 January 2008 20:22 (sixteen years ago) link
my bad!
Bear Markets and Recessions -- check out the charts.
― Eisbaer, Tuesday, 22 January 2008 00:36 (sixteen years ago) link
at any rate, tomorrow (1/22/08) may be very interesting indeed.
or, if y'all prefer, a visual representation:
http://img71.photobucket.com/albums/v216/spinnerau1/Snopes/Wet_roller_coaster.jpg
― Eisbaer, Tuesday, 22 January 2008 03:33 (sixteen years ago) link
b/c this threads needs some MORE indices to watch plummet in real time:
http://chart.finance.yahoo.com/c/0b/_/_n225
http://chart.finance.yahoo.com/c/0b/_/_hsi
http://chart.finance.yahoo.com/c/0b/_/_ftse
― Eisbaer, Tuesday, 22 January 2008 04:33 (sixteen years ago) link
I love the existence of "stock market futures" -- I think we should start a stock futures futures market so we can get even further ahead of the curve
― Hurting 2, Tuesday, 22 January 2008 04:51 (sixteen years ago) link
mo' futures index porn:
http://ichart.finance.yahoo.com/instrument/1.0/%5EFTSE/chart;range=1d/image;size=239x110
http://ichart.finance.yahoo.com/instrument/1.0/%5EGDAXI/chart;range=1d/image;size=239x110
http://ichart.finance.yahoo.com/instrument/1.0/%5EFCHI/chart;range=1d/image;size=239x110
― Eisbaer, Tuesday, 22 January 2008 05:03 (sixteen years ago) link
I think we should start a stock futures futures market so we can get even further ahead of the curve
until eventually the market foresees its own death and goes on a long drinking binge.
― tipsy mothra, Tuesday, 22 January 2008 07:17 (sixteen years ago) link
stock market futures futures is called "the stock market"
― El Tomboto, Tuesday, 22 January 2008 07:18 (sixteen years ago) link
everyone should strike and invest in paint
― Arms, Tuesday, 22 January 2008 07:20 (sixteen years ago) link
emergency rate cut?
― laxalt, Tuesday, 22 January 2008 09:33 (sixteen years ago) link
Invest in pumpkins now and cash up big in...October?
― King Boy Pato, Tuesday, 22 January 2008 10:34 (sixteen years ago) link
Gosh:
http://www.nytimes.com/aponline/business/AP-Fed-Interest-Rates.html?hp
― toby, Tuesday, 22 January 2008 13:30 (sixteen years ago) link
ok thats INSANE. everyone to the bunkers
― laxalt, Tuesday, 22 January 2008 13:32 (sixteen years ago) link
man the lifeboats!
― laxalt, Tuesday, 22 January 2008 13:34 (sixteen years ago) link
here they come!
http://img62.imageshack.us/img62/853/VRWCBlackHelicopters.jpg
― laxalt, Tuesday, 22 January 2008 13:35 (sixteen years ago) link
-- laxalt, Tuesday, January 22, 2008 9:33 AM (4 hours ago) Bookmark Link
damn, son.
― That one guy that hit it and quit it, Tuesday, 22 January 2008 13:51 (sixteen years ago) link
Alright! Here comes the "petroeuro," £1=$3, massive inflation.
― Dickerson Pike, Tuesday, 22 January 2008 13:59 (sixteen years ago) link
so it's futures all the way down!
― Hurting 2, Tuesday, 22 January 2008 14:02 (sixteen years ago) link
no wonder we're fucked!
the fed reminds me of bubbles from 'the wire' right now.
― That one guy that hit it and quit it, Tuesday, 22 January 2008 14:02 (sixteen years ago) link
By June, Bush's $500 tax rebate will only buy a pack of 'ports and 40 oz of St Ides
― Dickerson Pike, Tuesday, 22 January 2008 14:03 (sixteen years ago) link
http://i12.photobucket.com/albums/a228/mortaljive/Extra%20Images/normal_dr_strangelove.jpg
― Tracer Hand, Tuesday, 22 January 2008 14:34 (sixteen years ago) link
http://ichart.finance.yahoo.com/instrument/1.0/%5EDJI/chart;range=1d/image;size=239x110
― wanko ergo sum, Tuesday, 22 January 2008 14:36 (sixteen years ago) link
you know what fucking kills me is that in every article about a major dip or crash in the stock market, you get reax from various analysts who say things like "well it looks like the fed finally gets it!" or "some feel the fed has been slow to wake up to the deterioration in the stock market" or "brananke has finally decided to stop the bleeding".. as if the panicky traders who have bet long on endless leveraged growth are the smart cookies and the fed is some dopey retarded cousin. you play with matches for a living, you shouldn't insult firefighters.
― Tracer Hand, Tuesday, 22 January 2008 14:44 (sixteen years ago) link
haha "brananke"
otm tracer
― Hurting 2, Tuesday, 22 January 2008 14:53 (sixteen years ago) link
not that i think the fed even knows what it's fighting at this point, or whether there's a fire, or whether their extinguisher is filled with gasoline or what
― Tracer Hand, Tuesday, 22 January 2008 15:14 (sixteen years ago) link
but yeah the fed doesn't remind of me of bubbles so much as all the "analysts" and traders whose eyes are red and raw from lack of the gushing credit flows and leveraged whatnots to which they've become accustomed; just an extra little drop into the syringe and they're like "AAAAHHHHHH.... the fed gets it"
― Tracer Hand, Tuesday, 22 January 2008 15:17 (sixteen years ago) link
meanwhile the national debt grows and mean incomes continue to stagnate
― Tracer Hand, Tuesday, 22 January 2008 15:18 (sixteen years ago) link
http://www.philosophising.com/dogpress/images/hair.of.dog.jpg
― laxalt, Tuesday, 22 January 2008 15:19 (sixteen years ago) link
i mean, these dudes really are the top-hatted robber barons of old, playing with trillions of dollars that no one else ever sees and putting the entire world's economies at risk - and somehow it's the fed's fault when they get a hangover - somehow the taxpayer is supposed to offer them even cheaper terms on their loans than they've been used to
― Tracer Hand, Tuesday, 22 January 2008 15:23 (sixteen years ago) link
we're in new territory here
http://media.npr.org/programs/atc/features/2007/aug/panic_cover200.jpg
― laxalt, Tuesday, 22 January 2008 15:45 (sixteen years ago) link
Bonus points to whoever finds the first bad political cartoon about all this that features the Cloverfield monster stomping down Wall Street with the word "RECESSION" on its chest.
― Ned Raggett, Tuesday, 22 January 2008 15:46 (sixteen years ago) link
found on a goldbug blog:
Problems Bernanke Faces
* Falling real estate prices * Subprime housing mess * Alt-A mortgage mess * Pay Option ARM mess * Sharply rising unemployment * Rising credit card defaults * Commercial Real Estate implosion * Global wage arbitrage * Falling US dollar * Overheating China * Slowing global economy * Tapped out consumers * Implosion of $500 trillion in derivatives * Solvency issues at banks * Forced unwind of massive Yen carry trade * Boomer retirement * Pension plan assumptions in an economy starving for yield * Rising corporate defaults
― Tracer Hand, Tuesday, 22 January 2008 15:51 (sixteen years ago) link
LOOKS LIKE A GOOD TIME TO STAY IN HIGHER ED!
― Catsupppppppppppppp dude 茄蕃, Tuesday, 22 January 2008 15:52 (sixteen years ago) link
I ain't moving anywhere!
― Ned Raggett, Tuesday, 22 January 2008 15:53 (sixteen years ago) link
I feel pretty stupid for investing in my 401k (actually a 403). I'd had a lot more fun if I had eaten the taxes and spent the money on booze, records and drugs.
― Catsupppppppppppppp dude 茄蕃, Tuesday, 22 January 2008 15:53 (sixteen years ago) link
I mean, like I lost a thousand dollars on paper this year I think!
― Catsupppppppppppppp dude 茄蕃, Tuesday, 22 January 2008 15:54 (sixteen years ago) link
I have just called the local banks to start the process of refinancing my mortgage.
― Maria :D, Tuesday, 22 January 2008 16:04 (sixteen years ago) link
I really don't like being a recent college graduate and reading this. Although I doubt there's anyone who does, really.
― Maria, Tuesday, 22 January 2008 17:17 (sixteen years ago) link