Thread: US AAA credit rating downgraded

I think he's the guy that also said 'buy when theres blood on the streets'. Well, watch this space.

Originally Posted by Butterfly

DOW down 600 points, time to buy massively

If you have US dollars or bonds then yes. Good stocks are a decent inflation hedge but they won't beat gold.

Originally Posted by Butterfly

DOW down 600 points, time to buy massively

Down 600, yet I thought you said it had all been factored in during friday business hours !

Originally Posted by sabang

I think he's the guy that also said 'buy when theres blood on the streets'. Well, watch this space.

Yup...same guy.. He scored what was likely the biggest capital gain in history when he bought up dozens of companies in England at firesale prices. Everybody believed that England was about to be invaded by Bonaparte. Rothchild had intel from the continent that the Prussians were going to join up with Wellington and kiss ass...which of course came about at Waterloo. Then everybody wanted to buy their stock back. Rothchild sold it back at the new and greatly improved market value....

It's pretty amazing to watch stock in good solid profitable companies being dumped like this and at the same time seeing so much money being poured into virtually bankrupt countries....

Originally Posted by koman

Originally Posted by sabang

I think he's the guy that also said 'buy when theres blood on the streets'. Well, watch this space.

Yup...same guy.. He scored what was likely the biggest capital gain in history when he bought up dozens of companies in England at firesale prices. Everybody believed that England was about to be invaded by Bonaparte. Rothchild had intel from the continent that the Prussians were going to join up with Wellington and kiss ass...which of course came about at Waterloo. Then everybody wanted to buy their stock back. Rothchild sold it back at the new and greatly improved market value....

It's pretty amazing to watch stock in good solid profitable companies being dumped like this and at the same time seeing so much money being poured into virtually bankrupt countries....

It is just a head fake. People who are piling into US debt are being led to the slaughter.

If you bought German bonds before the Weimar inflation, WW1 and WW2, you got wiped out 3 times. If you bought Siemens stock, you would still have money today.

The same old bullshit again- money is pouring onto the USD and US bonds as a 'safe haven'. The AUD is back to parity, a bit of a short term bummer for me 'cus I what to shift some money into stocks. But I sure as hell won't be buying US debt. Or gold.

http://www.huffingtonpost.com/robert-reich/double-dip-recession-economy-credit-downgrade-_b_921014.html

”Imagine your house is burning. You call the fire department but your call isn't answered because every fire fighter in town is debating whether there will be enough water to fight fires over the next ten years, even though water is plentiful right now. (Yes, there's a long-term problem.) One faction won't even allow the fire trucks out of the garage unless everyone agrees to cut water use. An agency that rates fire departments has just issued a downgrade, causing everyone to hoard water.
While all this squabbling continues, your house burns to the ground and the fire has now spread to your neighbors' homes. But because everyone is preoccupied with the wrong question (the long-term water supply) and the wrong solution (saving water now), there's no response. In the end, the town comes up with a plan for the water supply over the next decade, but it's irrelevant because the whole town has been turned to ashes…

Welcome to recession 2.0 folks.

The Socialist / Entitlement / Welefare State is unstainable...

Originally Posted by Boon Mee

The Socialist / Entitlement / Welefare State is unstainable...

And unsustainable too.

Originally Posted by Humbert

Originally Posted by Boon Mee

The Socialist / Entitlement / Welefare State is unstainable...

And unsustainable too.

...that's what I meant.

Originally Posted by koman

It's pretty amazing to watch stock in good solid profitable companies being dumped like this and at the same time seeing so much money being poured into virtually bankrupt countries....

that's the ones you want to buy, maybe a bit early as the over reaction from the headless chickens will not stop yet

This is what you get with real time automated buy sell computer technology.
Most of this is happening without anyones finger pushing the button.

Then there are the bastards who are deliberatly driving things down because they have bet on it going that way.

Meltdown needed, complete civil unrest where its everyone for himself and whats yours is mine. bring it on

raise the taxes and cut the loopholes, thats all that is really needed at this point

^Not going to happen. The Republicans have loaded their half of the Dirty Dozen with goose stepping Tea baggers.
The rich will continue to get their tax breaks and the oil companies will continue to get their welfare checks but we will get a big reduction in defense spending as a consolation prize.

Originally Posted by Humbert

http://www.huffingtonpost.com/robert-reich/double-dip-recession-economy-credit-downgrade-_b_921014.html

[FONT=Arial][COLOR=white]”Imagine your house is burning. You call the fire department but your call isn't answered because every fire fighter in town is debating whether there will be enough water to fight fires over the next ten years, even though water is plentiful right now.

Publicly-funded fire departments are a manifestation of socialism. All good Americans know this.

Originally Posted by robuzo

Originally Posted by Humbert

http://www.huffingtonpost.com/robert-reich/double-dip-recession-economy-credit-downgrade-_b_921014.html

[font=Arial][color=white]”Imagine your house is burning. You call the fire department but your call isn't answered because every fire fighter in town is debating whether there will be enough water to fight fires over the next ten years, even though water is plentiful right now.

Publicly-funded fire departments are a manifestation of socialism. All good Americans know this.

streets, water, sewer, schools .. & all on the teavangelists chopping block

Originally Posted by foreigner

Originally Posted by robuzo

Originally Posted by Humbert

http://www.huffingtonpost.com/robert-reich/double-dip-recession-economy-credit-downgrade-_b_921014.html

[font=Arial][color=white]”Imagine your house is burning. You call the fire department but your call isn't answered because every fire fighter in town is debating whether there will be enough water to fight fires over the next ten years, even though water is plentiful right now.

Publicly-funded fire departments are a manifestation of socialism. All good Americans know this.

streets, water, sewer, schools .. & all on the teavangelists chopping block

Plenty of private schools out there that work. Plenty of privatized highways out there that work. Plenty of private pipelines that work.

You are a socialist fool.

I like to start my day with a SoCal post and a couple of cartoons before facing reality.

Originally Posted by baobao

I like to start my day with a SoCal post and a couple of cartoons before facing reality.

ZOMG, clicked on the post above yours, RFLMAO. Might have to take him off "ignore."

^You should definitely take him off ignore, R. Socal is the most unintentionally funny guy on the forum. Read his "Pattaya beaches aren't dirty thread" sometime, every one of his posts is golden! Especially when he posts a stock photo of Jomtien beach to make his case!