Wall St Unspun - August/26/09
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@terrablader Use the slider, what are you a yt noob?
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lost me on 10 min intro
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this is why money in general is overrated. but anyway, while i see your point on increasing savings, trying to get consumers to buy with real money not loan money, but i dont agree that deregulation is a piece of the solution. The free market is the reason for the corruption you spoke of. lets hope youre wrong bout the 2 years of fake improvement although i think you are correct.
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The age of easy cheap oil is over. Every new project on the table is expensive in terms of energy to produce. The price of oil is going to go well above 100 and go up from there. We are approaching 7:1 oil and less. Tarsands are really low, like 4:1. Things are getting worse and worse and we aren't even acknowledging the problem, let alone working on a solution.
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And the same way oil field owners dont want to pump out all their oil immediately for fast profit, they instead want to pump less of it out, so that their oil field will maintain its capital value and they get more profit over a longer period of time due to higher prices.
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He really rambles...
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well he only has an hour..
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buy precious metals !!
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I dont really agree--often times people call in about the same shit over and over again. He gets to the philosophical root of the problem, addresses it, makes the caller realize how much of douche they are (if they are indeed a douche), and moves on. Hes got a job to do, man.
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Its like a old man offering candy so he can molest them! LOL Jeeeze harsh but true! The economy is certainly moslesting my account, my purchasing power and my future.
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Not in Argentina. My dad finished paying his mortgage with the equivalent of a bus ticket, back in the 80's. Inflation is a tax on savers to bail out debtors.
n3rdm4n 2 years ago 10
The best talent follows the money. If your currency dies, the best talent will go somewhere that pays more.
Americans are just as capable of economic migrancy as anyone else.
Don't expect the talent to stick around if you can't pay them the big bucks any more.
TheMightyCult 2 years ago 6