[rincondog]

ikarus:

US government cannot bailout 62 trillion dollars of credit default swaps.

An article tries to explain credit derivatives such as AIG problem(Warning, very lengthy article)

http://www.financialsense.com/fsu/edito ... /0917.html

[homintern]

An article tries to explain credit derivatives such as AIG problem(Warning, very lengthy article)

Here's something with not so many long words - http://www.kiplinger.com/features/archi ... arted.html

[jimnbkk]

Thanks Homi. Now I almost understand it. Doesn't help my finances, but at least I understand it a little better.

[homintern]

Thanks Homi. Now I almost understand it. Doesn't help my finances, but at least I understand it a little better.

You might like this comment I picked up - "Charles De Gaulle once equated being an ally of the United States to sharing a lifeboat with an elephant. Participants in the global economy would share that sentiment: when the elephant shifts position there is a mad scramble to save the lifeboat from capsizing. At present the elephant is suffering from a bad case of indigestion, after gorging itself on credit for the last three decades, so be prepared for a turbulent ride."

[homintern]

As the great man (The Sage of Omaha) has been quoted several times (often by me) as foretelling the Great Disaster way back in 2002 and not transferring Berkshire Hathaway's funds to Peking, I'm waiting to hear the Doomsters' reaction to the news overnight that he's pumping $5 billion (or in real money, $5,000 million) into Goldman Sachs

Just think how many condos he could have bought in Pattaya for that sort of money, eh icarus?

[Lunchtime O'Booze]

"............ and that George W. Bush has been TWICE elected President. "
are you a judge..from Florida ?

"...............That democracy was built on the English common law,"

voila ! my point is proved !. The USA is not so much a nation created by noble pioneers blazing the widlerness but more a bunch of British malcontents setting up the first tax avoidance zone.

give Ireland back to the Irish !

[homintern]

give Ireland back to the Irish !

Only if the bastards promise to go back there!

[fattman]

Happily! The folks are nicer than the Brits any time.

[Lunchtime O'Booze]

give Ireland back to the Irish !

Only if the bastards promise to go back there!

what ?..and deprive the rest of the world ?

free Oscar Wilde !

[thrillbill]

...and overnight, too!

Most of the folks on this forum would like to ignore (or overlook) the fact that Americans earn a lot of money because they have a lot of capital.

I am not talking about printed money, or financial instruments. I am talking about capital machinery, and the huge investment in all aspects of human life. As a result, an automobile assembler in Detroit earns enough to go on TV and complain about recessions -- on his yacht.

So, please...when American beggars begin swarming foreign tourists for handouts...let me know.

Until then, it's all envy and mental masturbation.

_______________________________________________________________

When reading Henry Cate's comment (above) you have to understand that he lives in his own little world called $AN FRANCI$CO. I wonder if he has ever driven outside of California to see the rest of the US - plenty of poor areas in the cities and those automobile assembly jobs in Detroit are slowly fading away. (look at GM's stock value today)

[ikarus]

As the great man (The Sage of Omaha) has been quoted several times (often by me) as foretelling the Great Disaster way back in 2002 and not transferring Berkshire Hathaway's funds to Peking, I'm waiting to hear the Doomsters' reaction to the news overnight that he's pumping $5 billion (or in real money, $5,000 million) into Goldman Sachs

Just think how many condos he could have bought in Pattaya for that sort of money, eh icarus?

This message board is a joke. The difference between me and you, Homi, that I have made a number of concrete predictions regarding economy and currencies on this message board which turned out to be 95 percent true and you are posting a total crap when it comes to economics. I have just shown on this thread your total incompetence by reminding the readers what kind of crap you posted in April. As I said in my previous post Buffet is not comfortable in a current economic envorinment and his move with Goldman Sacks is probably a mistake. Last time he messed with investment banks ( in 90 th with Solomon brothers) he lost a lot of money. In his interview today he praised Hank Poulsen as a nation's savior and even suggested that he should stay as Treasure Secretary for the next Administration. He also suggested that the government can make a lot of money if it follows Poulsen plan. The man is wrong and he was wrong on many occassions before.
This is my last post on this message board. People had extremely rare opportunity to get right insides in various issues by reading my posts. I get in return only insults from fucking jerks like you, Homi and no credit.
Enough is enough.
Good Bue.

[Bob]

This is my last post on this message board. People had extremely rare opportunity to get right insides in various issues by reading my posts. I get in return only insults from fucking jerks like you, Homi and no credit.
Enough is enough. Good Bue.

Not sure about the problem here. Hate to tell you but I go to sources like Warren Buffett for economic advice rather than the back pages of a gay internet forum. If you're upset that nobody paid any attention to you here about those kinds of matters, you're better off posting your economic wisdom elsewhere.

As to getting wound up by Colonel Klink, you lose (he's laughing, you stomp off in a huff, and that just gets him laughing all the more). Meanwhile, we in the peanut gallery stand back and shake our heads at both of you.

Chok dee.

[jimnbkk]

I agree with Bob about using this board as a source of financial knowledge. Having said that, I believe that Ikarus seems to be a knowledgable person, and I always look forward to reading his posts. I will be sorry if he really leaves the board. Homi loves to make fun of people, but he usually has something to say if you can read around the insults.

He's laughing now Ikarus. You bit. Swallow your pride; don't take insults on this board seriously. Keep posting, please.

[Lunchtime O'Booze]

As the great man (The Sage of Omaha) has been quoted several times (often by me) as foretelling the Great Disaster way back in 2002 and not transferring Berkshire Hathaway's funds to Peking, I'm waiting to hear the Doomsters' reaction to the news overnight that he's pumping $5 billion (or in real money, $5,000 million) into Goldman Sachs

Just think how many condos he could have bought in Pattaya for that sort of money, eh icarus?

This message board is a joke. The difference between me and you, Homi, that I have made a number of concrete predictions regarding economy and currencies on this message board which turned out to be 95 percent true and you are posting a total crap when it comes to economics. I have just shown on this thread your total incompetence by reminding the readers what kind of crap you posted in April. As I said in my previous post Buffet is not comfortable in a current economic envorinment and his move with Goldman Sacks is probably a mistake. Last time he messed with investment banks ( in 90 th with Solomon brothers) he lost a lot of money. In his interview today he praised Hank Poulsen as a nation's savior and even suggested that he should stay as Treasure Secretary for the next Administration. He also suggested that the government can make a lot of money if it follows Poulsen plan. The man is wrong and he was wrong on many occassions before.
This is my last post on this message board. People had extremely rare opportunity to get right insides in various issues by reading my posts. I get in return only insults from fucking jerks like you, Homi and no credit.
Enough is enough.
Good Bue.

well said dear !

what a bald old cunt you are Homintern !

I fully agree.."This message board is a joke.'..the only problem is I think the jokes on us !

[homintern]

I fully agree.."This message board is a joke.'..the only problem is I think the jokes on us !

He obviously missed my mission statement from another post - I'm only here for the laughs