Here is something to think about...
________________
"So certain are you. Always with you what cannot be done. Hear you nothing that I say?"
"Master, moving stones around is one thing. This is totally different!"
"No! No different! Only different in your mind. You must unlearn what you have learned."
"Alright. I'll give it a try."
"No! Do... or do not. There is no try."
"I can't. Its too big."
"Size matters not. Look at me. Judge me by my size, do you? And well you should not. For my ally is the Force. And a powerful ally it is. Life creates it, makes it grow. It's energy surrounds us and binds us. Luminous beings are we, not this crude matter. You must feel the Force around you. Here, between you, me, the tree, the rock, everywhere! Even between this land and that ship!"
_________________
Now, discuss.
I think another good one for the market, bank failures, etc. is...
ReplyDelete"I don't believe it!"
"That is why you fail."
Man can embody truth but he cannot know it.
ReplyDeleteWilliam Butler Yeats
Don the libertarian Democrat
"No! Do... or do not. There is no try."
ReplyDeleteI was just quoting this today. Just 30 minutes age.
I think it and it comes out of my laptop.
Cosmic Unconsciousness. . .
(Now I'm thinking about Gannett. . .)
I got several e-mails today forwarding this quote... that was my inspiration...
ReplyDelete"Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem. Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness. Super Bowl, World Series - they don't know what pressure is. In this building, it's either kill or be killed. You make no friends in the pits and you take no prisoners. One minute you're up half a million in soybeans and the next, boom, your kids don't go to college and they've repossessed your Bentley. Are you with me?"
{obvious}Hokey religions and ancient weapons are no match for a good blaster . . .{/obvious}
ReplyDeleteWTF are you talking about AI?
ReplyDeleteThe navel gazing pseudo zen force star wars crap is a sure sign that you are out of answers.
Just go get a grafix bong homey.
For the rest of you morons: get ready. GE is insolvent. (Give it a few months--trust me). Had dinner with a major hedgie last night. This is going to be worse that the Great Depression.
Everyone on this board: conjure your worst case scenario, and make it much worse. Apply it to your life, to your children's lives.
And the author of this destruction: high finance, and friends like AI.
AI, I'm sure you are a nice guy. You didn't realize you were a member of the financial Nazi army, but you were. You are. Go look in the mirror. Heck, go read the bible. It's pretty explicit. Don't loan money at interest.
You pussies that can't grow veggies, or hunt, or build things are going to be in a world of hurt.
This isn't going to happen by next week. But it will in the next five years.
Ask yourself: what was your opinion of the global economy on Halloween '07. Did you think we'd get here? I did. Roubini did.
Now ask yourself where we'll be in five years?
Governments are going to collapse because of this, especially in the emerging world. Political despots and new wave idiots will rise because of this.
1. SAVE AS MUCH MONEY AS YOU POSSIBLY CAN
2. CUT OUT ALL UNNECCESARY EXPENSES NOW
3. REVISE WHAT YOU THINK OF AS NECESSARY AND CUT BACK AND SAVE SAVE SAVE
DO IT NOW, TOMORROW IS TOO LATE
He's lost it.
ReplyDeleteSad, ...very sad.
If its going to come down to who can hunt and grow vegetables... reading this blog will turn out to be a complete waste of time.
ReplyDeleteJust an observation.
I think that both AI and Viking have lost it. Actually, I think AI couldn't think of anything else to post, but Viking's response seems unduly harsh. Mybe I think that because I plowed a big chunk of my cash into GE just before Warren Buffett did (I didn't get nearly as good a deal, though).
ReplyDeleteThe Great Depression rhetoric seems a little overblown. So far, not a single depositor has lost any money from any bank failure. 94% of employees still have jobs, 98% of homeowners are not in foreclosure.
That said, I think it is good advice to continue to delever household balance sheets in an uncertain environment, and the habit of thrift has always been a virtue.
AI: What was the source of the quote in your comment?
Dan Ackroyd in "Trading Places."
ReplyDeleteI haven't lost it. You guys are still thinking that certain things are not possible, when they are.
ReplyDeleteCertain things are becoming likely.
Look at the people who have been most right so far. What are they saying?
Did you see Taleb on NPR?
WAKE UP!
IT'S HAPPENING! YOU STILL HAVE TIME!
I'M TRYING TO HELP YOU IDIOTS
ONCE THE PANIC STARTS ITS TOO LATE
PANIC IMMINENT
I think its crystal clear that I've lost it completely.
ReplyDeleteViking: What do you mean by "when the panic starts..." what do you call what we're already going through???
Right now, there are a lot of economists who are "afraid" of the housing market ("it's so big - what can we do"?).
ReplyDeleteThese problems (I think) are a lot "smaller" if you just deal with what is going on with supply/demand at the margin - and that means just looking at loan workouts and defaults...
There are a number of people who seem afraid of "derivatives" ("they are so complicated - what can we do?").
Feh. Derivatives (and their boxes, "Structured Products") are like pussycates. You get a hold of their tails and you have their unmitigated attention. Policy makers just haven't found the right buttons to press...
Chill boys:
ReplyDeleteIt is all good financial experience even if you go broke...
or as I always say
Experience is what you get when you didnt get what you wanted.
or as Mark Twain said:
Experience is one thing you can't
get for nothing.