Star Wars: The Old Republic E3 2010 Trailer

http://www.youtube.com/watch?v=HBGvAJ6-S....

Nanna does sound a bit like a realtor from NAR shilling that 'RE in YOUR market is ok it's the RoW that is so-so' line.

And whether she makes her 'clients' 4% or 40% I'm still fairly certain their cause of death is more likely to be 'starvation' than 'natural causes' but if she/he wants to pretend that what she does is important well then we need to support her but also understand that that's how her generation got us here to begin with.

Sorry old folks it's over. You're going to get to live to see the definition of wealth change from ones and zeroes on a computer screen to how well you can physically feed, clothe, house, defend, and power yourselves. Tossing green toilet paper at people to do it for you might not be as easy as you'd like going forward.

You did it to yourselves. Don't act surprised. Have some dignity.

University of Texas buys $1 billion in gold bars

Quote:

University of Texas buys $1 billion in gold bars

Too bad all of our Universities are underfunded, and need their students to pay more for their worthless sheepskins these days...

I've made it clear numerous times here that I work in the second oldest profession :)

That said, high quality fixed income hedged with gold as a base model for portfolios has worked rather well for the past 10 or so years, and has outperformed the "asset allocation models" by a lot.

BTW, my indicator for when gold is a "sell" is when the major financial firms add it as a category to their "strategic allocation models"


N/not investment advice

Hey Nanna, while your shoveling that muni crap today ...

S&P Begins Downgrading Municipalities

http://www.businessinsider.com/sp-downgr....

So what.

Certainly doesn't support Whitney's theory (if she was right, she'd have said, US Gov't debt be downgraded, which will undermine muni debt, and that certainly wasn't the case).


And, I still am of the opinion that muni debt is more quantifiable relative to risk that Federal debt. Maybe I'm simple, but at least with muni debt one has a ballpark as to what the coverage ratio is ... with Federal debt and all the implied and off balance sheet whatever ... well, I'm just not so good with that, as I've said multiple times before.

N/not investment advice

Well, it WAS 6-7%.

Downgrade does not equal default.

Whitney's thesis was that States wouldn't get their act together; what has happened is that States are more together than the Federal level WRT getting their income/outflow more towards equilibrium.

Yeah, she's good looking after 10 am and has a good rap. That's no excuse for her explict prediction being wrong unless some very serious **** happens between now and year end. Yeah, it could happen, but her thesis (that the States would not get it together) seems very wrong, to me.


N/not investment advice

Let's face reality.

We've been in a 2nd Depression for years and have loved that tactics were used to keep the party going for a few more months, years.

Now, we have to leave the party and go home.

Rotsa ruck.


Expy/good common sense info

Dave Ramsey tells all his people to be long the market! Cost averaging dontcha know. Dave has some great info., but his take on the market is gonna screw a lot of people.