Niagara wrote:What a joke. Americans are too fat and lazy to bother.
"Where's the mouse?"
mattduke wrote:Denninger doesn't know what money is. He wants you to work for Federal Reserve Notes. The most revolutionary thing you can do is to buy physical gold bullion.
dinopello wrote:I also find it funny that his site there has the "ticker" at the top that seems to be a screen shot or image of the stock market ticker and Apple (AAPL) is at 20.53. Apple stock was at 20.53 back in late 2004 and just broke through 200 today . For someone who preaches market crashes like I think he does, he should find a few dog stocks to put up there. I am painfully aware of AAPL since my co-worker jabs me every chance he gets because I advised him to sell his AAPL stock when I thought it was overhyped at 100.deMolay wrote:This could catch on. http://market-ticker.org/
Forney2008 wrote:dinopello wrote:I also find it funny that his site there has the "ticker" at the top that seems to be a screen shot or image of the stock market ticker and Apple (AAPL) is at 20.53. Apple stock was at 20.53 back in late 2004 and just broke through 200 today . For someone who preaches market crashes like I think he does, he should find a few dog stocks to put up there. I am painfully aware of AAPL since my co-worker jabs me every chance he gets because I advised him to sell his AAPL stock when I thought it was overhyped at 100.deMolay wrote:This could catch on. http://market-ticker.org/
Awhile back in one of his tickers he posted, he stated that those numbers of those stocks shown at the top page of each new ticker posted such as Apple and the S@P 500 were his best estimate for the final bottom in the overall stock market once things finally correct to their true value. And yes, even good old Apple will have greatly reduced earnings as unemployment rises even faster and more and more people would spend what little money they have on food/shelter, rather than tech-gadgets.
Apple sold more Macs and more iPhones than in any previous quarter in the company’s history. Before the holiday quarter. And in midst of the worst economy we’ve seen in 50 years.
dinopello wrote:Forney2008 wrote:dinopello wrote:I also find it funny that his site there has the "ticker" at the top that seems to be a screen shot or image of the stock market ticker and Apple (AAPL) is at 20.53. Apple stock was at 20.53 back in late 2004 and just broke through 200 today . For someone who preaches market crashes like I think he does, he should find a few dog stocks to put up there. I am painfully aware of AAPL since my co-worker jabs me every chance he gets because I advised him to sell his AAPL stock when I thought it was overhyped at 100.deMolay wrote:This could catch on. http://market-ticker.org/
Awhile back in one of his tickers he posted, he stated that those numbers of those stocks shown at the top page of each new ticker posted such as Apple and the S@P 500 were his best estimate for the final bottom in the overall stock market once things finally correct to their true value. And yes, even good old Apple will have greatly reduced earnings as unemployment rises even faster and more and more people would spend what little money they have on food/shelter, rather than tech-gadgets.
Yea, well duh. Stocks go up they go down, the universe collapses to a singularity - the question is when. My friend who has played the AAPL game has cashed in half his stock to buy his house outright. My gold has mearly doubled in value* while his AAPL has increased 10 to 100 fold. Actually, my Palladium holdings have done much better recently but that isn't physical, its an ETF (unreal representation of perceived value - I think). But yes, if he had held his stock like it is some kind of real thing and not something that represents transient perception of value, the gold would eventually be worth more.
And before anyone slams me on my characterization of currency, stocks or physical commodities - yes I don't really know what I'm doing. I Do believe though that if I buy $20,000 of a Palladium ETF in early 2009 and sell it in late 2009 for $60,000 - then that's better than buying a car. Now, what should I do with the $60,000 ?
*value as represented in fiat currency, although real goods are probably similar depending on fluctuations in pricing of commodities in fiat currency notes.
edit: Someday Apple, iphones, ipods and all will be a mythical memory, but for now Apple just had an "insanely great" quarterApple sold more Macs and more iPhones than in any previous quarter in the company’s history. Before the holiday quarter. And in midst of the worst economy we’ve seen in 50 years.
TheAntiDoomer wrote:How many threats of immenent doom fr om Denninger can you stand AP before you stop agreeing with everything he says?
You may have to come to terms that he is a good computer nerd who just might be out of his league in making economic predictions.
rangerone314 wrote:Here's a radical idea: universal debt default, nobody owes nobody. No mortages, student loans, car loans, business accounts receivables. Completely eliminate all liabilities.
Mesuge wrote:
It won't last forever, but speaking of collapse we are not there yet.
dsula wrote:rangerone314 wrote:Here's a radical idea: universal debt default, nobody owes nobody. No mortages, student loans, car loans, business accounts receivables. Completely eliminate all liabilities.
Again the responsible saver gets screwed. And the irresponsible assholes gets a free-pass.
rangerone314 wrote:A complete reboot of the system
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