Lifestyle > Train of Thought
STOCKS....
Sikotic™:
--- Quote from: Pro Tools User/Marijuana Abuser on June 05, 2009, 08:48:12 AM ---Jim Cramer everyone!
--- End quote ---
his bald ass is annoying.
LAXCENTRAL:
INVEST IN AGRICULTURE BIO CHEMISTRY
Matty:
i'd still go for some precious metals...stocks are fine but certainly not american companies. if you think precious metals are high now then wait for a year from now.
anyone who thinks the american economy is recovering any time soon has really been suckered into the propoganda. just look at what's happening to the value of the dollar amd US bonds over the last few weeks. the long term trend has been and remains dollar down. the bush/obama mass money printing policies will prove disastrous in the long run...
LAXCENTRAL:
^
hey hommie i hope we recover fast... beacuse this shit is really hurting many industries and numerious people...
Matty:
same shit where i live in the uk. you can't let false optimism or misplaced patriotism guide investment decisions. your best bet is to get your money out out the country and invest overseas. if you want to hold cash, hold other currencies. its a double win for foreign stocks because not only do other nations have fundamentally sounder economies, with legitimate and larger gains whenever stocks as a whole pick up, your returns will be paid out in a currency that will have increased in value against the dollar.
all this money created out of thin air is ultimately damaging to the purchasing power of the dollar, unless you actually beieve that the fed will reign in all this extra liquidity before inflation kicks in. ironically, they created the mess and are making the eventual crash much larger as we speak. we aint seen nothing yet...
of course, if you do believe the tv and the fed and think the economy has bottomed out, buy american stocks. we'll see in a year from now how well my overseas equities and precious metals are doing in comparison.
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