The role of central banks: Bail Outs via debasing

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Get the thesis straight Crank. Global credit crisis = lower interest ratesGet the thesis straight Polythene Boost. Lower Interest Rates = Who cares?

Unless you know that is Wurm's address. Every other pseudonym this basement dweller has used has had different, imaginary locations.

Hey don't drag me into it. I have no reason to post under a diff name.

I hope you wouldn't be so naive as to think that the 85% or so of money managers who can't even beat the market indices (ie the average returns) represent "smart money". No the smart money is the minority of people who make the excess returns that the 85% under-achieve. So the fact that so many money-managers were caught with their pants down, suggests that they are not so smart.

Remember, the market is the sum (in $$$ terms not in equal numbers of people) of the winnings and losses. And I am confident that people who have acquired significant wealth in their life are long financial assets at this moment as evidenced by Mr. Buffetts activity, and your ego-fluffed pronouncements.

Your bleating about the negative outlook neatly tags you as someone who has not been able to accumulate any wealth. The quiet achievers would never try to crystal ball with black and white assurety, like you pretentious gurus in a cycling forum are doing. They would be happy to feel 60-40 on the direction of the market. and be humble enough to keep their opinions to themselves. Notwithstanding that most of these wealth achievers probably, like Buffett, don't take any notice of market fluctuations.

In contrast to your spouting, I'm just trying to point out what's happening in the present - as it continues to resist your desires for compliance with your seemingly erroneous, as evidenced day by day, world view.

Anyone with any capital would never bleat in a public forum like you have because they are aware of the risks that even if they were right in the short-term, there opinions will adjust day to day based on continuous streams of new information.

So I am particularly wary of the risks that "know-nothing" posers like yourselves IMO present to people in forums such as these. Irrespective of the fact that no one is probably listening in any case.

Well, I don't think I ever claimed to be well-off, from investing or other means. So what. But it doesn't take a financial genius to see what's been happening and why.

I'll leave you to your self-important bloviations.

Crank is tweaked.

These types are wrong on a daily basis--and hate to be called out for it.

They ought to enter a 12 step program.Its going to be less fun when you go on your next vacation.:(

I have such fun exposing idiots/frauds for the world to see.:cool:

Where did you say the stock, bond and oil markets were again??? Have you looked at them in the last few weeks?:eek:

Keep posting cause this is going to be so much fun as we see in the new year and your posts are going to look so profound...:D :D :D

I cannot wait.:p

But Alas.....you may not be with us.:(

I'll leave you to your self-important bloviations.What a pompous self-important choice of never used word.

What a pompous self-important choice of never used word.

You mean it's not in your 1,000 Word Dictionary?

Unless you know that is Wurm's address. Every other pseudonym this basement dweller has used has had different, imaginary locations.


Yep, I am pretty sure of who is who.

Hey don't drag me into it. I have no reason to post under a diff name.


Just to make things a little clearer.
Wurm, are you now or have you ever been a Jan Ullrich fan?
Remember, you are under oath! :D

Well yes I was a big Jan fan (Johan too). In fact, I was his liaison between the Dr's and carried more than a few blood bags over the Alps back in the day. Made 100's of thousands off if, but lost my ass in the investment arena by listening to hacks like Crankyfeet.

Shoulda just taken my ill-gotten gains and called Greg L. about a book or something...

it doesn't take a financial genius to see what's been happening and why.
Actually, this is where you are most wrong. There is knowledge gained from headlines and TV that many people choose to turn into the idea that they completely understand what is going on. The reality is that, the complexity of the global economic market is well beyond the comprehension of any one person. As a matter of fact, it is well beyond the comprehension of any specific organization you can name.

I will however say that from reading the posts here and on other threads, it is clear that some people (Cranky, Liam, and a few others) know more about the markets than most. I wouldn't begin throwing around insults against people who have clearly shown a more complete understanding than have you.

Well yes I was a big Jan fan (Johan too). In fact, I was his liaison between the Dr's and carried more than a few blood bags over the Alps back in the day. Made 100's of thousands off if, but lost my ass in the investment arena by listening to hacks like Crankyfeet.

Shoulda just taken my ill-gotten gains and called Greg L. about a book or something...


Ok, I was just trying to separate you from some other posters but you are not helping.
I recalled that you were a fan at one time.

I wouldn't begin throwing around insults against people who have clearly shown a more complete understanding than have you.

When you've demonstrated the wherewithal to poo-poo my understanding of any topic, let us know Professor.


jhuskey -

Geez, I can't even bust balls around here anymore. :( ;)

When you've demonstrated the wherewithal to poo-poo my understanding of any topic, let us know Professor.


jhuskey -

Geez, I can't even bust balls around here anymore. :( ;)Hey Wurm, let's calm down here. I didn't realize you were the victim of someone telling you where to put your money and then it went wrong. I made an error before and I was actually addressing the OP, thinking that you were him. It was an honest mistake based on the fact that you seem to be the only poster in here who doesn't think he's a forum prick. So I just assumed you were he.

On the subject of people advising you how to make money and it goes wrong, these are exactly the people that I am attacking here, namely the OP. There is no 100% crystal ball. But for inexperienced investors, these people can sound awfully all-knowing and worth following. They make an uncertain world seem like an easy right-wrong, black or white choice. Well we all know with our experiences in world affairs of late, that things usually are a bit more omplicated than that. But the investor has to realize that they ultimately decide whether to take advice or not. So blaming the advisor is a bit like scape-goating. Best if No one puts any significant money into anything they don't understand, bo matter how plausible or sexy the idea sounds.

I didn't come into this soap box with any big predictions. The OP likes too. Thats fine in a free world. But I judge him as a dangerous influence. Not even necessarily because he is wrong - because no one really knows.

And if he's willing to get on a soap box, and if I think he proclaims too much, I'm going to heckle at his proclamations. If my judgment that his posts in a cycling forum are all about inflating his ego amongst members who aren't here for financial advice, then I'm going to try to warn people by exposing his information bluffs whenever I see him make them.

IMHO, he would be laughed at in an investment forum of people with more than three years of experience in that career. Even ignoring his annoying syntax.

Furthermore I have observed that he displays baiting techniques, and circular arguments that revert to troll-type taunts when he is shown to be back-tracking, wrong in his judgments, or contradictory in his arguments.

Please accept my apology if I pset you with my misdirected tirade. But I suggest you not take advice from this guy. Unless you're terminally susceptible to repeating the same mistakes over and over.

When you've demonstrated the wherewithal to poo-poo my understanding of any topic, let us know Professor.
Example 1: In your statement, you ask me to both demonstrate, and assess my own demonstration. That is nonsensical because it will allow me to fairly or unfairly determine that I have "wherewithal" independent of the judgment of another. In this case I am demonstrating that I understand how to make declarative statements that are logical. You have failed in that endeavor. I am letting you now know that I "poo poo" your ability to make logical declarative statements.

Wow, this is really easy.

What's "really easy" is to make circular arguments such as you've done, then to pat yourself on the back for it.

Hey Wurm, let's calm down here. I didn't realize you were the victim of someone telling you where to put your money and then it went wrong. I made an error before and I was actually addressing the OP, thinking that you were him. It was an honest mistake based on the fact that you seem to be the only poster in here who doesn't think he's a forum prick. So I just assumed you were he.

On the subject of people advising you how to make money and it goes wrong, these are exactly the people that I am attacking here, namely the OP. There is no 100% crystal ball. But for inexperienced investors, these people can sound awfully all-knowing and worth following. They make an uncertain world seem like an easy right-wrong, black or white choice. Well we all know with our experiences in world affairs of late, that things usually are a bit more omplicated than that. But the investor has to realize that they ultimately decide whether to take advice or not. So blaming the advisor is a bit like scape-goating. Best if No one puts any significant money into anything they don't understand, bo matter how plausible or sexy the idea sounds.

I didn't come into this soap box with any big predictions. The OP likes too. Thats fine in a free world. But I judge him as a dangerous influence. Not even necessarily because he is wrong - because no one really knows.

And if he's willing to get on a soap box, and if I think he proclaims too much, I'm going to heckle at his proclamations. If my judgment that his posts in a cycling forum are all about inflating his ego amongst members who aren't here for financial advice, then I'm going to try to warn people by exposing his information bluffs whenever I see him make them.

IMHO, he would be laughed at in an investment forum of people with more than three years of experience in that career. Even ignoring his annoying syntax.

Furthermore I have observed that he displays baiting techniques, and circular arguments that revert to troll-type taunts when he is shown to be back-tracking, wrong in his judgments, or contradictory in his arguments.

Please accept my apology if I pset you with my misdirected tirade. But I suggest you not take advice from this guy. Unless you're terminally susceptible to repeating the same mistakes over and over.

Agree 100%.

Unfortunately if a reader was nonethewiser, he/she might decide to follow the flawed advice and flawed predictions of our multi-alias friend.
When it comes to investment advice, you're correct, nothing is 100% certain.

The stuff he posted about monetary policy/interest rates is not only ludicrous, it would be irresponsible of anyone to act on the views he expressed.

What's "really easy" is to make circular arguments such as you've done, then to pat yourself on the back for it.That is what you asked me to do. Don't blame me for fully complying with your request. You said to "poo poo [your] understanding of any subject", and I fulfilled your request, quite well. Again, if you are going to ask me to assess my own actions, which you did, then don't gripe about the response.

Past that, I have made statements about economics that had nothing to do with circular logic.

Just don't pat yourself on the back with circular poo-poo.

Just don't pat yourself on the back with circular poo-poo.
Unless I am into things like that.

Unless I am into things like that.


You really need to know your s**t to have such a hobby.

I have a hard time seeing the light of day especially at night. That clarfied I am going for a ride.