Search found 7482 matches

by Higgenbotham
Thu Jan 01, 2009 4:35 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 15793347

Re: Where to keep your money today

Let's look at some of the options: Cash. This is by far the best choice for most people. If you live in a house with a basement, you should find a way to bury some cash there. Or in your mattress. Otherwise, an FDIC insured bank account is probably the best choice, but keep an eye on events, and be...
by Higgenbotham
Tue Dec 16, 2008 7:32 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 15793347

Re: Financial topics

I agree with this analysis, but it still never ceases to baffle me. Krugman and Roubini get everything wrong, and yet each error seems to make them even more respected. How can that possibly be? But this is why there HAS to be a big generational stock market crash. People will go on believing the K...
by Higgenbotham
Mon Dec 15, 2008 4:08 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 15793347

Re: Financial topics

My point isn't so much to blow my own horn, but to back up what John said about Roubini. Roubini was years behind laymen like me and I was reading about a lot of this stuff before I started writing about it... Japan spent its government out of its credit rating and it had the US bubble to prop it a...
by Higgenbotham
Mon Dec 15, 2008 12:19 am
Forum: Finance and Investments
Topic: Bailouts - Medicine or Poison?
Replies: 4
Views: 4949

Re: Bailouts - Medicine or Poison?

This is my guess about bailouts. Bailouts allow money losing enterprises to keep losing money, while bailouts prevent money making enterprises from being established. The net result is that everyone gets poorer on average. Take the car business. GM's car manufacturing has been a money losing busines...
by Higgenbotham
Sun Dec 14, 2008 11:58 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 15793347

Re: An interesting graph

What do the gray bars show? Recessions. John That's what I thought too but it doesn't match up . Matt, Use this as your reference: http://www.nber.org/cycles.html You will notice that the wikipedia article does not have the early 1980's data correct. The NBER split that into 2 recessions. That is w...
by Higgenbotham
Sun Dec 14, 2008 11:33 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 15793347

Re: Financial topics

http://www.cnbc.com/id/28221716 "We are living through our first Blackberry recession where, literally, information is instantly disseminated around the world and people, in effect, respond to it, perhaps, often without any particular caution or attention." --Sam Zell Yes, it's just another recessi...
by Higgenbotham
Sun Dec 14, 2008 7:40 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 15793347

Re: Financial topics

I had feared that those kinds of messages would only get worse, but they haven't. In fact, those kinds of messages have really stopped completely in the last year. I assume that's because the severity of the economic crisis has forced those would-be message senders to reassess their views. So that'...
by Higgenbotham
Sat Nov 22, 2008 10:48 pm
Forum: Finance and Investments
Topic: Where is the Dow heading?
Replies: 14
Views: 14921

Re: Where is the Dow heading?

> Here is Mike Alexander's latest forecast. > http://www.safehaven.com/article-11887.htm Thanks for pointing that out. Having said all that, the safehaven article is crazy. It's so far from reality that I can hardly believe he wrote it. Actually, I can, since I understand enough of what his methodo...
by Higgenbotham
Sat Nov 22, 2008 4:05 pm
Forum: Finance and Investments
Topic: Where is the Dow heading?
Replies: 14
Views: 14921

Re: Where is the Dow heading?

This sounds like one of Mike Alexander's theories, and he's been pretty consistently wrong. Or maybe it's from Harry Dent, and he's been disastrously wrong. John Here is Mike Alexander's latest forecast. http://www.safehaven.com/article-11887.htm As far as Richard's post about where the Dow is head...
by Higgenbotham
Tue Nov 04, 2008 6:28 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 15793347

Re: Financial topics

There were major panics on Wall Street in 1792, 1819, 1836, 1857, 1873, 1893, 1907, 1929, 1987, and now 2008. Much like the 2008 meltdown, the 1836 crisis occurred after a huge real estate crash. Drucker is saying that from a technological development standpoint today is equivalent to the 1830s. In...