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#1 |
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Thinks s/he gets paid by the post
![]() ![]() ![]() ![]() ![]() ![]() Join Date: May 2004
Posts: 3,135
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WSJ Editorial: The Fed is Out of Ammunition
More grist for the worry mill. The author opines that continuing bailouts will just exacerbate the debt without positive effect, weaken the US currency (prompting foreigners to flee the dollar for gold) and ultimately lead to a situation like Japan's. Hey, he even includes some statistics for good measure!
I'm not buying it (yet), especially his clear but unstated call for a return to the gold standard. But, it's been awhile since we heard from the gold bugs, so this one's for them Inflation, deflation, currency collapse--you can find an oracle for anything you might want to believe. I think it's time to invest in distilled spirits.
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"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein |
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#2 |
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Thinks s/he gets paid by the post
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Posts: 3,187
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Im going to take my remaining funds and become a professional poker player.
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Moo |
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#3 | |
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Recycles dryer sheets
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Posts: 422
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Quote:
Works well for all but the financially prudent.
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Consult with only myself as your adviser or representative. My thoughts should be construed as investment advice of the highest caliber. Past performance is but a pale shadow and guarantee of even greater results in the future. |
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#4 | |
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Thinks s/he gets paid by the post
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Posts: 2,336
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Quote:
I agree I just used the last of my cash to buy Diageo (DEO). Maker of such fine spirits as Johnny Walker, Smirnoff, Guinness, Bailey's, J&B. If this market has not driven people to drink nothing will. So please drink up, but don't drive (You can't drink after your dead. ) |
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#5 | |
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ... ![]() ![]() ![]() ![]() ![]() ![]() ![]() Join Date: Apr 2003
Location: Seattle
Posts: 8,803
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I liked it so much I also bought Pernod Ricard. It also did well, but I sold it. I still have the ordinary shares, but also added some DEO along the way. It is hard not to make money with tobacco or liquor, unless you pay too much going in. Any recent buys did not cost too much. ![]() Ha
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"Show 'em just enough to win the turkey."- Former KY Governor Bert Combs |
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#6 |
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Full time employment: Posting here.
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Posts: 770
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#7 |
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Thinks s/he gets paid by the post
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Posts: 1,482
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Currency collapse: do what the Russians do nowadays, spend it all before it's worth nothing.
Hum Pastis, nothing more refreshing in the summer.
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"Fortune favors the brave" - Virgil |
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#8 | |
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Thinks s/he gets paid by the post
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Posts: 2,336
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Quote:
I must say I am really bummed that they don't offer any shareholder discounts on Did Guinness when it was a stand alone company? My favorite beer ![]() |
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