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01-04-2008, 02:37 PM
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#1
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Recycles dryer sheets
Join Date: Aug 2007
Posts: 433
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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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01-04-2008, 02:46 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 49,827
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 Quote:
Originally Posted by barbarus
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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Quote:
Originally Posted by mickeyd
Grits.
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__________________
Numbers is hard
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01-04-2008, 03:51 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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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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01-04-2008, 04:11 PM
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#4
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Recycles dryer sheets
Join Date: Dec 2006
Location: Florida
Posts: 249
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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 < 
__________________
I've got nothing against an honest day's work, provided that someone else does it.
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01-04-2008, 04:36 PM
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#5
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Recycles dryer sheets
Join Date: Oct 2007
Location: Sugar Land
Posts: 265
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Quote:
Originally Posted by Notmuchlonger
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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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)!
__________________
Life is a Holiday!
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01-04-2008, 05:05 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,702
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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.
__________________
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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01-04-2008, 05:05 PM
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#7
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Full time employment: Posting here.
Join Date: Mar 2005
Posts: 927
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Black eyed peas and collard greens. That count?
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01-04-2008, 05:25 PM
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#8
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Full time employment: Posting here.
Join Date: Nov 2003
Posts: 556
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Quote:
Originally Posted by Notmuchlonger
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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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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01-04-2008, 06:33 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,287
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Wow, that didn't take long. Just a few replies from crappy returns to grits..........
__________________
There's no need to complicate, our time is short..
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01-04-2008, 06:37 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 49,827
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It's mickeyd's fault...
__________________
Numbers is hard
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01-04-2008, 07:09 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,702
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Quote:
Originally Posted by bbbamI
Wow, that didn't take long. Just a few replies from crappy returns to grits..........
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Dont try this at home...we're professionals...
__________________
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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01-04-2008, 07:12 PM
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#12
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 192
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Quote:
Originally Posted by cute fuzzy bunny
Dont try this at home...we're professionals...
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You guys are brutal
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01-04-2008, 07:14 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,702
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Hey, consider how I feel about this. I have to try this at home. I dont have an office. 
__________________
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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01-04-2008, 07:45 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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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.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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01-05-2008, 05:13 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,085
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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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01-05-2008, 05:15 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,702
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Shhh...its only 2.5%.
__________________
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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