On Fri, 8 May 2009 19:05:31 -0600, "Canuck57" wrote:


"Tom Francis - SWSports" wrote in
message ...
On Fri, 8 May 2009 18:35:36 -0600, "Canuck57" wrote:


"jps" wrote in message
...
On Fri, 8 May 2009 07:08:20 -0600, "Canuck57" wrote:


"Tom Francis - SWSports" wrote in
message ...
On Fri, 08 May 2009 08:22:21 -0400, BAR wrote:

... trickle up poverty.

That would be pretty funny if it wasn't frightfully true.

The only good part is there will be less boats on the waterways. Fewer
will
afford such luxuries.

Too many idiots living beyond their means, using the equity in their
houses to fuel fantasies. Life in the US is being reset to more
realistic standard.

Affluenza is losing ground.

Agreed. But for those that too the story of the Three Pigs seriously, we
are not hurting one bit. In fact, I look at this as an opportunity. It
is
the paper tigers that are having the wind blown out with the BS. Those
sticking to fundimentals and tried and proven diciplines are laughing.

All the way to the bank.

I don't deal much with banks, only with investment institutions that are not
involved in lending money at all. Been that way for 7 years. In fact, sold
my last bond some 5 years ago. Maybe blessed, but I saw this coming a mile
away. But did under estimate how deep it is going. Problem is, this market
is doing good and I am profitin, I suspect it is a mini-recovery that will
go south by fall.

I will predict this. Until GM & Chrysler are bankrupt and processed, until
the government gets it's cash flow possitive, there isn't a hope in hell for
the economy to get much better. A growing poor and often working class is
going to change demographics. Infaltion will hit hard too at some point.
The ride is far from over.

If you have the time, read this - takes a couple of minutes, but it's
very interesting.

http://www.thepeoplescube.com/red/viewtopic.php?t=3238

Notable quote from among many:

"But American "progressives" seem to be unable to learn from other
people's mistakes, even if the former KGB officer Vladimir Putin
himself is asking Obama to take a lesson from the pages of Russian
history and not exercise "excessive intervention in economic activity
and blind faith in the state's omnipotence.

"In the 20th century, the Soviet Union made the state's role
absolute," (Putin)... said at the World Economic Forum in Davos. "In
the long run, this made the Soviet economy totally uncompetitive. This
lesson cost us dearly. I am sure nobody wants to see it repeated."

It's pretty amazing when a former KGB agent and commisar gives sound
advice to American leadership.