As the people are pushing for a bottom, Buffets buying spending approximately 12-15billion to date, does that mean it is over? Or is he just betting that all would be a bottom when the 7--billion pumps in to the system, i mean real estate marts are never a V recovery instrument, and you are not going to see confidence in a long period of time unless you start to see the bonds being upgraded, real estate being bought up ,long waiting list. Hell this chrismas could be worst as many have lost their savings to the bears, not to realise that inflation has also joined the eating spree in the wallet.
The rule is simple, back to basics people, since bonds, stocks can be downgraded, lifestyle have to be realistic and flexible, yes.. talk is cheap but its a even hard fact that u might have to face when the bills arrive, better cut it now and save some cash for later, the more persistent you are the worst things will get. Working is not that bad, its not like in malaysia where you get paid tiny weeny and work for long hours. I used to work 15-16 hours minimum a day and have worked 18-20 hour shift before the pay per hour is 5 ringgits or about1.20 dollar/hr.
Get a skill, this is the only thing i urge all, with a skill you'll be safe for life, combine that skill with entreprenuership, you'll make more than a living, entreprise your business later in life you get a millionaire, manage you entreprise well you'll get your billions. Martha Stewart was only good in cooking, and craft, but she was known for stock manipulation, wonderful business, and her ability to assimilate into trends of technology and entreprising her business into an online giant has made a strong comeback.
Take the big picture, global slowdown, selfish nations will care no one but themselves.
- Humility
- 10 skills, these are living skills, i mean get a skill that you can sell!! but bear in mind all skills are an advantage to u!
- Abolish social security, replace it with a something privatized, put in a retirement fund index and all shall throw into this pool.
- You can try to drown a hole with water but its gonna leak out eventually
- when there is hardly any direction in the market, people start think it is all good for the dollar rmb GDP is abt 13 trillion and the deficit fights in 10-11 trillion in debt
- When the feds are the hedge funds, we downgrade them, when they buy all the CDS we hike the rates, when they face the defaults, we cry with them. Throw away those green notes. They are fiat throw them and race to asylum.
- Easy to bang start and bang close
- Silver viable? not as safe as gold/? i mean coins still have silver content! right?
- a 6 month bull in gold, he bangs that the government are here to cover their loans.
- Its the government , blame them ! How are we going to get out of this Pretcher.
- Woots, China is worried, you must be too!2 trillion of reserves, 2/3 in financial ailing company bonds? US have to bail them now is for sure. International Trade relations
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