The role of central banks: Bail Outs via debasing

Felt_Rider

I thought cat juggling was bad, but a turd juggler? Man that stinks!!!

Crankyfeet

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

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Originally posted by Frigo's Luggage...

"[Calling him] 'dickcheese' is the insult of a master. Some people work in oil, some people work in clay. He [thoughtforfood] works in profanity. Open your mind and enjoy its beauty."

Crankyfeet

So you've just contradicted your thesis a-g-a-i-n. Do you think that San Franciscans aren't listening to the news. Or is this just a regional problem, this credit crunch thing. Yes Europe and Asia are headed for misery, but San Franciscans are well protected from the effects of this historic Global Recession.

The more you keep coming back here the more embarassing its going to be. So when did you say for us to short the financial markets again?? Was it June 2005, when the S&P500 was 1200, or a couple of weeks ago when it was 1460?? And told us to short oil as well. Hmmm? S&P currently 1525 and on the rise. Oil $80.30 and rising.

Warren Buffett announces today an interest in a stake in Bear Stearns. Ahhh. Comforting to be thinking alike the real sage with results.

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Originally posted by Frigo's Luggage...

"[Calling him] 'dickcheese' is the insult of a master. Some people work in oil, some people work in clay. He [thoughtforfood] works in profanity. Open your mind and enjoy its beauty."

Crankyfeet

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.

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Originally posted by Frigo's Luggage...

"[Calling him] 'dickcheese' is the insult of a master. Some people work in oil, some people work in clay. He [thoughtforfood] works in profanity. Open your mind and enjoy its beauty."

Crankyfeet

Talking with yourself again?? Isn't it funny how you two are always online at the same time. And that Mr. Wurm is the only user-name that you have ever congratulated.

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Originally posted by Frigo's Luggage...

"[Calling him] 'dickcheese' is the insult of a master. Some people work in oil, some people work in clay. He [thoughtforfood] works in profanity. Open your mind and enjoy its beauty."

Crankyfeet

Get the thesis straight Polythene Boost. Lower Interest Rates = Who cares?

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Originally posted by Frigo's Luggage...

"[Calling him] 'dickcheese' is the insult of a master. Some people work in oil, some people work in clay. He [thoughtforfood] works in profanity. Open your mind and enjoy its beauty."

Wurm

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

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"Bush is the first President to admit to an impeachable offense."

- John Dean, former Counsel to the President (Nixon)

The aim of big corporations is to separate fools from their money all of the time and ordinary folks from their money most of the time. The rest of us must fend for ourselves.

Wurm

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.

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"Bush is the first President to admit to an impeachable offense."

- John Dean, former Counsel to the President (Nixon)

The aim of big corporations is to separate fools from their money all of the time and ordinary folks from their money most of the time. The rest of us must fend for ourselves.

Crankyfeet

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.

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

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...

I cannot wait.

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

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Originally posted by Frigo's Luggage...

"[Calling him] 'dickcheese' is the insult of a master. Some people work in oil, some people work in clay. He [thoughtforfood] works in profanity. Open your mind and enjoy its beauty."

Crankyfeet

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

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Originally posted by Frigo's Luggage...

"[Calling him] 'dickcheese' is the insult of a master. Some people work in oil, some people work in clay. He [thoughtforfood] works in profanity. Open your mind and enjoy its beauty."

Wurm

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

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"Bush is the first President to admit to an impeachable offense."

- John Dean, former Counsel to the President (Nixon)

The aim of big corporations is to separate fools from their money all of the time and ordinary folks from their money most of the time. The rest of us must fend for ourselves.

jhuskey

Yep, I am pretty sure of who is who.

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Whenever I can't get excited about riding I just fantasize about someone else's bike.

jhuskey

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!

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Whenever I can't get excited about riding I just fantasize about someone else's bike.

Wurm

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...

__________________
"Bush is the first President to admit to an impeachable offense."

- John Dean, former Counsel to the President (Nixon)

The aim of big corporations is to separate fools from their money all of the time and ordinary folks from their money most of the time. The rest of us must fend for ourselves.