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Invisible wrote:
>>>
>>> There goes my Christmas shopping...
>>
>>
>> :-) for me
>
> ...why? You gonna buy something from the UK? :-P
On a tangentially related note USD if once again stronger than CAD
--
~Mike
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Mike Raiford wrote:
> Invisible wrote:
>>>>
>>>> There goes my Christmas shopping...
>>>
>>>
>>> :-) for me
>>
>> ...why? You gonna buy something from the UK? :-P
>
> On a tangentially related note USD if once again stronger than CAD
>
if = is
--
~Mike
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Gail wrote:
>
> "Invisible" <voi### [at] dev null> wrote in message
> news:4905d9db@news.povray.org...
>
>> So, seriously, does the entire world really fall apart in a few weeks
>> just because one nobody company goes bust? Or is there something
>> bigger going on here?
>
> Northern Rock was a symptom, not the cause. Google sub-prime if you
> really want to know.
If you can tolerate the harsh language, The Sub-prime Primer with stick
figures was a pretty good explanation.
http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true
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Sabrina Kilian wrote:
> If you can tolerate the harsh language, The Sub-prime Primer with stick
> figures was a pretty good explanation.
> http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true
What a... delightful... creation. o_O
I find myself really wanting to believe that human kind isn't that
stupid. But.....
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Invisible wrote:
> I find myself really wanting to believe that human kind isn't that
> stupid. But.....
abject pessimism always makes you pleasantly surprised. Just expect the
worst out of people, and you'll be amazed when somebody does something
smart.
I saw this coming years ago, BTW ... When the average family started
buying up $250,000 houses, I knew something somewhere was going to fall
apart. ->POP<- What was that? I think a bubble just burst.
--
~Mike
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"Mike Raiford" <"m[raiford]!at"@gmail.com> wrote in message
news:4905efba@news.povray.org...
>
> I saw this coming years ago, BTW
Likewise. The whole 'live beyond your means', 'don't worry about debt',
'just get another credit card' thing could not end well.
Hell, my credit card limit way exceeds my monthly income and has for a
number of years, and this in a country where there are laws agaist offering
loans/credit to people who can't afford it.
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>> I find myself really wanting to believe that human kind isn't that
>> stupid. But.....
>
> abject pessimism always makes you pleasantly surprised. Just expect the
> worst out of people, and you'll be amazed when somebody does something
> smart.
LOL! Nice...
I always seem to expect other people to be smarter than me, and then
feel dissapointed when they aren't. (Which is odd, considering I'm such
a pessimistic person.)
> I saw this coming years ago, BTW ... When the average family started
> buying up $250,000 houses, I knew something somewhere was going to fall
> apart. ->POP<- What was that? I think a bubble just burst.
My pension provider just wrote to me to say that although the current
situation is looking pretty grim, things should turn out OK in the end.
The whole "these things happen from time to time, now is not the time to
panic, etc." I don't know whether to be reassured or dismiss it as
marketing hype. (Basically they don't want me to close the pension fund
they currently have the use of...)
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>> I saw this coming years ago, BTW
>
> Likewise. The whole 'live beyond your means', 'don't worry about debt',
> 'just get another credit card' thing could not end well.
> Hell, my credit card limit way exceeds my monthly income and has for a
> number of years, and this in a country where there are laws agaist
> offering loans/credit to people who can't afford it.
Heh. Well my mum has been living off loans for years... no, decades... I
don't really understand why, but the women *never* has any money, and is
constantly having to borrow it from people so she can pay basic bills.
Oh well, never mind. Apparently due to the credit crunch, she's likely
to be employed by the end of the year. No sane employer is going to hire
somebody who's a few years away from retirement age, so presumably I
will shortly be homeless. But let's not think about that too much, eh?
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Invisible wrote:
> My pension provider just wrote to me to say that although the current
> situation is looking pretty grim, things should turn out OK in the end.
> The whole "these things happen from time to time, now is not the time to
> panic, etc." I don't know whether to be reassured or dismiss it as
> marketing hype. (Basically they don't want me to close the pension fund
> they currently have the use of...)
IANAFA (I am not a financial advisor)
But, here's the thing: You're young and no where near retirement age. In
short, don't panic. Selling now would be a very bad thing. Keep your
long term investments. I have a 401(k) plan, and am quite happy picking
up some cheap stocks through it at the moment. Because once the market
recovers, my retirement goes up at a faster rate.
Of course, the outlook is bleak for those looking to retire in the near
future.
--
~Mike
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Invisible wrote:
>>> I find myself really wanting to believe that human kind isn't that
>>> stupid. But.....
>>
>> abject pessimism always makes you pleasantly surprised. Just expect
>> the worst out of people, and you'll be amazed when somebody does
>> something smart.
>
> LOL! Nice...
>
> I always seem to expect other people to be smarter than me, and then
> feel dissapointed when they aren't. (Which is odd, considering I'm such
> a pessimistic person.)
>
>> I saw this coming years ago, BTW ... When the average family started
>> buying up $250,000 houses, I knew something somewhere was going to
>> fall apart. ->POP<- What was that? I think a bubble just burst.
>
> My pension provider just wrote to me to say that although the current
> situation is looking pretty grim, things should turn out OK in the end.
> The whole "these things happen from time to time, now is not the time to
> panic, etc." I don't know whether to be reassured or dismiss it as
> marketing hype. (Basically they don't want me to close the pension fund
> they currently have the use of...)
got some extra cash floating around...
now is a pretty good time to figure out how to put it into the market -
but then again, you don't know how low it can go.
One better - go borrow a few thousand and put it in the market. Your
collateral is the stocks you own of the company that just went bankrupt.
oh wait.....
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