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Got Stagflation??
Old 01-04-2008, 02:37 PM   #1
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Got Stagflation??

Fed Chairman Bernanke is said to be ready to lower rates by possibly a half point. Are you savers ready to do your part by receiving lower interest? Are you purchasers ready to do your part by paying higher prices?

Fixed income? Sunk

The dollar? Torpedoed

Prices? Boosted.

Equities? Saved.... Maybe
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Old 01-04-2008, 02:46 PM   #2
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Quote:
Originally Posted by barbarus View Post
Fed Chairman Bernanke is said to be ready to lower rates by possibly a half point. Are you savers ready to do your part by receiving lower interest? Are you purchasers ready to do your part by paying higher prices?

Fixed income? Sunk

The dollar? Torpedoed

Prices? Boosted.

Equities? Saved.... Maybe
Quote:
Originally Posted by mickeyd View Post
Grits.
-
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Old 01-04-2008, 03:51 PM   #3
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You know I have never had grits in my life. I just had okra for the first time last year. Boy I need to broaden my horizons.
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Old 01-04-2008, 04:11 PM   #4
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Ah, what a wonderful time to be the captive beneficiary of privately managed money (60% stocks, 40% bonds, with a few % taken out for commissions!) ...
At least my gold hoard (was an IRA) has done really well in 4 years, and my house was doing well until ... er... a couple years ago. And I have three cats in the house if times get really tough <
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Old 01-04-2008, 04:36 PM   #5
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You know I have never had grits in my life. I just had okra for the first time last year. Boy I need to broaden my horizons.
Man, y'all are definitely not from around here. Don't tell me you didn't have some black eyed peas for New Years day (and cabbage)!
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Old 01-04-2008, 05:05 PM   #6
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Gabe loves pickled okra. Dang, I havent made grits in a long time!

I suppose having locked in my cash at 6.25% with penfed solves a good part of the problem of dropping short term rates.
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Old 01-04-2008, 05:05 PM   #7
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Black eyed peas and collard greens. That count?
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Old 01-04-2008, 05:25 PM   #8
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You know I have never had grits in my life. I just had okra for the first time last year. Boy I need to broaden my horizons.
You have got to watch "Cousin Vinny" with Joe Pesci - the grit thing is really funny. I like fried okra or okra in gumbo but I just cannot handle the slimy stuff. I did have my folding money (cabbage) and my change (Purple Hull Peas). I loves my grits.

Peace
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Old 01-04-2008, 06:33 PM   #9
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Wow, that didn't take long. Just a few replies from crappy returns to grits..........
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Old 01-04-2008, 06:37 PM   #10
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It's mickeyd's fault...
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Old 01-04-2008, 07:09 PM   #11
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Wow, that didn't take long. Just a few replies from crappy returns to grits..........
Dont try this at home...we're professionals...
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Old 01-04-2008, 07:12 PM   #12
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Dont try this at home...we're professionals...
You guys are brutal
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Old 01-04-2008, 07:14 PM   #13
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Hey, consider how I feel about this. I have to try this at home. I dont have an office.
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Old 01-04-2008, 07:45 PM   #14
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Stagflation would seem to mean it's a good time to have money in my I-bonds paying 3.4% above inflation. Assuming the numbers aren't so cooked that what feels like 8% inflation is reported as 2%, anyway.
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Old 01-05-2008, 05:13 PM   #15
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Stagflation?................ding, ding, ding

Everywhere I look.................

Daily Washington Post Newspaper: 35 to 50 cents (43%)
Marland State Sales tax: 5% to 6% (20%)
Washington subway and bus fares (I dunno... 20% I think)
Local residential electric service .07 to .11 per kwh (57%)
New York tunnell and bridge tolls: $6 to $8 (25%)
gasoline....nevermind, you get the idea.
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Old 01-05-2008, 05:15 PM   #16
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Shhh...its only 2.5%.
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Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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