Almost all of what you guys say goes right over my head lol, but it sure is interesting. I learn something new everyday…continue.
[quote]bond james bond wrote:
Almost all of what you guys say goes right over my head lol, but it sure is interesting. I learn something new everyday…continue. [/quote]
Real talk.
Between this thread and the thread about studying for accounting, I think I wanna switch my major to accounting [right now econ].
[quote]LarryDavid wrote:
[quote]bond james bond wrote:
Almost all of what you guys say goes right over my head lol, but it sure is interesting. I learn something new everyday…continue. [/quote]
Real talk.
Between this thread and the thread about studying for accounting, I think I wanna switch my major to accounting [right now econ].[/quote]
LOL…my school days are long gone but I thought the exact same thing as you. It’s like a mystery(investing) to be solved that can’t be solved but you keep trying cause you never know.
http://www.bloomberg.com/apps/news?pid=20601084&sid=aPLctfeL7ptA
â??There is still close to an 80 percent probability that a second market plunge and economic downturn will unfold during the coming year,â??
[quote]countingbeans wrote:
[quote]John S. wrote:
If you want inflated dollars then do it.
If you want real money buy Gold and Silver.[/quote]
I don’t know man, outside of the Carter administration and 2006-Today, it didn’t really offer a better return than anything else.
EDIT:
Also, you would be buying now at the highest price gold HAS EVER BEEN. That means you are gambling the economy keeps shitting hardcore, and the price goes up. If the market turns around, you will have to hold your gold for what, 35-50 years to get the same price you bought it at.
Gold was a good buy in 2006, not so much today.[/quote]
Yeah everybody knows gold should either be kept in the safe or be sold in case of low liquidity. Only a fool would buy right now.
[quote]John S. wrote:
The doubling of our money supply, the stimulus money that is being injected into the economy next year. The banks releasing the phantom dollars next year all leads to Gold rising.
We will see gold at 2000 an ounce next year.[/quote]
How did you come up with such a number? I haven’t heard of a serious economist banking on gold. 2000 are out of your mind? Can you imagine the kind of financial colapse world economy would have to go through to reach such a level. If that ever happened it wouldn’t even matter if you had a billion worth of gold, most countries would have gone bancrupt by then.
[quote]LarryDavid wrote:
[quote]bond james bond wrote:
Almost all of what you guys say goes right over my head lol, but it sure is interesting. I learn something new everyday…continue. [/quote]
Real talk.
Between this thread and the thread about studying for accounting, I think I wanna switch my major to accounting [right now econ].[/quote]
If you have any questions, feel free to ask. PM if you want. I’m down.
Being Canadian I believe they will teach both GAAP and IFRS, which once you understand from the Macro perspective are really not that different principle wise.
Shortymofo can help you with big firm perspective, and I’m the man when it comes to small firm, and just general ass kickery.
I am old enough to remember the last time the gold bugs and the “america is doomed” guys held sway. Only then it was Japan that was growing wildly and was going to sweep us into the sea but China as it is claimed today.
There is wisdom in having a portion of your assets in gold, say 5%, just as you should have some of your assets in other commodities, both agriculture and basic minerals. Fixed income that has an interest rate sensitivity would be prudent as well along with equities, both US and emerging markets.
In an era of 24 hour streaming “news” where everything is either wonderful or horrible its never as bad or as good as it seems.
[quote]countingbeans wrote:
[quote]LarryDavid wrote:
[quote]bond james bond wrote:
Almost all of what you guys say goes right over my head lol, but it sure is interesting. I learn something new everyday…continue. [/quote]
Real talk.
Between this thread and the thread about studying for accounting, I think I wanna switch my major to accounting [right now econ].[/quote]
If you have any questions, feel free to ask. PM if you want. I’m down.
Being Canadian I believe they will teach both GAAP and IFRS, which once you understand from the Macro perspective are really not that different principle wise.
Shortymofo can help you with big firm perspective, and I’m the man when it comes to small firm, and just general ass kickery.
[/quote]
Thanks man, I’ll keep that in mind.
[quote]JoeGood wrote:
I am old enough to remember the last time the gold bugs and the “america is doomed” guys held sway. Only then it was Japan that was growing wildly and was going to sweep us into the sea but China as it is claimed today.
There is wisdom in having a portion of your assets in gold, say 5%, just as you should have some of your assets in other commodities, both agriculture and basic minerals. Fixed income that has an interest rate sensitivity would be prudent as well along with equities, both US and emerging markets.
In an era of 24 hour streaming “news” where everything is either wonderful or horrible its never as bad or as good as it seems. [/quote]
In 1980, our debt level was the lowest % since WWII and the PE on the SP500 was around 10.
Our debt is now beyond belief and the PE is over 20; bad scenario.
[quote]countingbeans wrote:
Eh, I don’t share your chicken little pessimism.
I see a lot of sets of books from a few different industries, and I don’t see the sky falling. I see a shit load of stagnation, but not the end of the world.[/quote]
Haha ok, I can accept that, I just dont see a pretty end game here when I try to think a few moves ahead. And, to clarify, chicken little didnt have several well documented examples of the sky falling the way we do with deflationary death spirals, sovereign debt default, and inflationary currency collapse.
I know I know we are the reserve currency but the Romans and the British had theirs too, we just have no suitable rival currency to usurp the dollar. Anyways so I think chicken little was a bit more extreme…
Plus, when we hit Dow 10k a few weeks back, it probably only felt 3/4 as good as the first time since the dollar has lost 25% of its value since then.
[quote]countingbeans wrote:
[quote]LarryDavid wrote:
[quote]bond james bond wrote:
Almost all of what you guys say goes right over my head lol, but it sure is interesting. I learn something new everyday…continue. [/quote]
Real talk.
Between this thread and the thread about studying for accounting, I think I wanna switch my major to accounting [right now econ].[/quote]
If you have any questions, feel free to ask. PM if you want. I’m down.
Being Canadian I believe they will teach both GAAP and IFRS, which once you understand from the Macro perspective are really not that different principle wise.
Shortymofo can help you with big firm perspective, and I’m the man when it comes to small firm, and just general ass kickery.
[/quote]
As somsone who took accounting in the great white north, they have indeed started teaching both GAAP and IFRS up here. Mostly focusing on the shift from GAAP to IFRS. My 2nd year prof 2 years ago made it sound like everything we were learning was going to be useless because of IFRS.