moralist Posted September 21, 2015 Author Share Posted September 21, 2015 Brant writes:Slip slidin' awaySlip slidin' awayThe closer you get to your disasterThe more it keeps slip slidin' awayI have nothing invested in this other than my own entertainment. As obvious as they were, 2001 and 2008 didn't change any secularist's view... so 2015 doesn't change mine. Here's just one little chart from Zerohedge that has nothing to do with my view. The US is rolling over into recession again. Note the ratio of sales to inventories is the same as 2009, the worst year of the Recession.Greg Link to comment Share on other sites More sharing options...
BaalChatzaf Posted September 21, 2015 Share Posted September 21, 2015 Bob writes:Define imminent.Extremely likely this week.Definitely this month.That's my opinion, and I'm sticking to it. GregProvide numbers as I have asked. Otherwise this is just hot air.... Link to comment Share on other sites More sharing options...
moralist Posted September 21, 2015 Author Share Posted September 21, 2015 It's just my totally subjective opinion, Bob... so there's no need to get your blood pressure up.Can you read a chart? Or is this too technical for you? Link to comment Share on other sites More sharing options...
Mikee Posted September 21, 2015 Share Posted September 21, 2015 Investment dictionaryEPS:"DEFINITION of 'Earnings Per Share - EPS'The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability.Calculated as:When calculating, it is more accurate to use a weighted average number of shares outstanding over the reporting term, because the number of shares outstanding can change over time. However, data sources sometimes simplify the calculation by using the number of shares outstanding at the end of the period." Link to comment Share on other sites More sharing options...
Brant Gaede Posted September 21, 2015 Share Posted September 21, 2015 Bob writes:Define imminent.Extremely likely this week.Definitely this month.That's my opinion, and I'm sticking to it. GregProvide numbers as I have asked. Otherwise this is just hot air....Scientists need numbers--or it's not science.--Brantnumbers? We don't need no stinkin' numbers!https://youtu.be/e1lyNt5km8U Link to comment Share on other sites More sharing options...
Jonathan Posted September 21, 2015 Share Posted September 21, 2015 http://www.ask8ball.net Link to comment Share on other sites More sharing options...
Selene Posted September 21, 2015 Share Posted September 21, 2015 http://www.ask8ball.netExcellent...Straight from the balls!!Global warming does not exist!And it is a scam! President O'bama is a Christian! Link to comment Share on other sites More sharing options...
BaalChatzaf Posted September 21, 2015 Share Posted September 21, 2015 Jerry writes:What exactly is supposed to happen? So there is no dispute about whether it happened. If it's an economic collapse, define 'economic collapse'.In my opinion it will be the same as 2001 and 2008 only greater this time. America degenerated enough to forfeit it's moral protection and economic providence in 2001. Right now it's fair game to get rattled again. This time it'll be right down to its foundations.GregI predict that next month (October) on this thread there will be a dispute about whether it happened. Unless people refrain from disputing in order to prove my prediction wrong.Come November we can all sit around joking about Objectivistliving very own Cassandra. Link to comment Share on other sites More sharing options...
moralist Posted September 21, 2015 Author Share Posted September 21, 2015 Brant writes:Scientists need numbers--or it's not science.Brant, there are numbers on BOTH of those charts clearly indicating conditions NOT SEEN since 2009. Makes me wonder if Bob can actually read numbers. The real trouble is that he can't remember what happened in 2009 so he thinks everything will always be just fine because he can't remember when it wasn't.The reality of just those two charts (there are lots more) fly in the face of his fantasy.Nassim Taleb tells a story about people like Bob. He's the turkey that lives 1,000 days believing that everything will continue just like it has......until it gets slaughtered on the 1,001st day. Greg Link to comment Share on other sites More sharing options...
Mikee Posted September 21, 2015 Share Posted September 21, 2015 It's always good to be prepared. If not for today, then tomorrow. “By failing to prepare, you are preparing to fail.” ― Benjamin Franklin Link to comment Share on other sites More sharing options...
Brant Gaede Posted September 21, 2015 Share Posted September 21, 2015 Brant writes:Scientists need numbers--or it's not science.Brant, there are numbers on BOTH of those charts clearly indicating conditions NOT SEEN since 2009. Makes me wonder if Bob can actually read numbers. The real trouble is that he can't remember what happened in 2009 so he thinks everything will always be just fine because he can't remember when it wasn't.The reality of just those two charts (there are lots more) fly in the face of his fantasy.Nassim Taleb tells a story about people like Bob. He's the turkey that lives 1,000 days believing that everything will continue just like it has......until it gets slaughtered on the 1,001st day. GregOh. I didn't go back to the original.--Brantmy bad Link to comment Share on other sites More sharing options...
Ellen Stuttle Posted September 22, 2015 Share Posted September 22, 2015 Come November we can all sit around joking about Objectivistliving very own Cassandra.Cassandra's fate was to make correct predictions which no one believed - see.Ellen Link to comment Share on other sites More sharing options...
moralist Posted September 22, 2015 Author Share Posted September 22, 2015 Another chart... The percentage of homeowners is the lowest it's been in 48 years, as America becomes a nation of renters. Greg Link to comment Share on other sites More sharing options...
Jules Troy Posted September 22, 2015 Share Posted September 22, 2015 Oh look, the number of home owners was at its peak in 2008... Some 70% were homeowners, only about 20% should have been. When the housing bubble popped it gutted the middle class, many saw their home values going up up up.. So what did they do? Borrowed equity for another car, another boat, another staycation...You make it sound like renting is a bad thing. It is not. A renter has no property taxes, a renter doesn't have to fix the plumbing, re shingle a roof or any of the other myriad maintenance issues home ownership entails. If a renter has better employment opportunities elsewhere he doesn't have to wait to sell a house before moving to take advantage of that. A renter is mobile.A renter can be liquid. Nothing sucks more than owing a pile of money on an illiquid asset that is shrinking in value when times get tough. Contrary to what grandma told you houses do not always go up in value. Link to comment Share on other sites More sharing options...
moralist Posted September 22, 2015 Author Share Posted September 22, 2015 Jules writes:Oh look, the number of home owners was at its peak in 2008... Some 70% were homeowners, only about 20% should have been. When the housing bubble popped it gutted the middle class, many saw their home values going up up up.. So what did they do? Borrowed equity for another car, another boat, another staycation...That behavior is the result of Creditism... which is the belief in the lie that debt is capital. You make it sound like renting is a bad thing. It is not.I agree, Jules. It isn't. I was a renter until I was 50 years old. I was only demonstrating that higher numbers of renters indicate a stressed economy which hasn't really recovered.A renter has no property taxes,Renters pay for the property taxes of the landlords.a renter doesn't have to fix the plumbing, re shingle a roof or any of the other myriad maintenance issues home ownership entails.The money paid to landlords by renters cover the costs of maintenance and repairs.Greg Link to comment Share on other sites More sharing options...
Jules Troy Posted September 22, 2015 Share Posted September 22, 2015 That depends. Especially in condos. Many times the realtors push how hot a condo is, some silly people buy into it. When the condo is completed often only 20-30% of them sold. Let's use an arbitrary number where the "owners" are paying 1100/month plus condo fees of 400/month. The condo fees are not enough to finance future upgrades. What happens? They rent out the unsold units for 1200/month. The "owners" get screwed over and pay more for the honor of "owning".... Link to comment Share on other sites More sharing options...
moralist Posted September 22, 2015 Author Share Posted September 22, 2015 Yeah, I know about condos...I was a HOA President for a couple of years, and oversaw 400+ units. It was a successful project with 100% of the phases sold. Only 5% of the owners rented out their units, and they were typically the ones experiencing issues.In Capitalism, there are no guarantees and always successes and failures.Greg Link to comment Share on other sites More sharing options...
Brant Gaede Posted September 22, 2015 Share Posted September 22, 2015 I prefer my own home to the landlord feeling he has the right to come up the driveway and into my privacy at will. It's psychological. Most economic/psychological calculations favor renting, especially if you're carrying a mortgage. The renter should understand the landlord is working for him. Make sure he does a good job for you or rent elsewhere. You write a monthly check. He writes all kinds of checks. Anything breaks he fixes or replaces. Etc.--Brant Link to comment Share on other sites More sharing options...
moralist Posted September 22, 2015 Author Share Posted September 22, 2015 Brant writes: The renter should understand the landlord is working for him. I see that from the opposite side. When I was a renter I regarded myself as a guest in the landlord's home and took good care of it as if it was my own. This is the Biblical moral principle of being a good steward with that which belongs to others. Just one blessing from upholding the trust of others is our landlords are our good friends and we enjoy frequent Poker Nights with them. Greg Link to comment Share on other sites More sharing options...
Brant Gaede Posted September 22, 2015 Share Posted September 22, 2015 It never even occurred to me as a renter not to.--BrantI rented a house for 6 years and when I told the landlord I was moving he offered me a reduction in rent to stay Link to comment Share on other sites More sharing options...
Mikee Posted September 24, 2015 Share Posted September 24, 2015 Days of Rage Link to comment Share on other sites More sharing options...
Brant Gaede Posted September 24, 2015 Share Posted September 24, 2015 Days of RageNot going to happen. It's only going to be faux lower class already eating at the lower middle class table (food stamps, housing, etc.) demanding the Obama phones be replaced by smart phones. It's the Russian sleigh-ride economy tossing out benefits. This doesn't mean some shit-head won't key your new car in the supermarket parking lot.--Brantthe politicians are trying to deflect envy so they sponsor and sanction the current spate of inequality media crap getting it ripe for the presidential year's campaigning numero uno issue when they should be that issue Link to comment Share on other sites More sharing options...
Peter Posted September 24, 2015 Share Posted September 24, 2015 That phony site had phony advertising and stories. My site monitor warned me and blocked all the viruses abounding there, (I hope.) One lead to a story saying Olympic swimmer Michael Phelps had a transgender boy friend but when I said WTF and clicked on it, the word alleged popped up. Lying bastards. Any crap to make a buck. Phelps should sue them. Link to comment Share on other sites More sharing options...
Selene Posted September 24, 2015 Share Posted September 24, 2015 Link to comment Share on other sites More sharing options...
Mikee Posted September 24, 2015 Share Posted September 24, 2015 That phony site had phony advertising and stories. My site monitor warned me and blocked all the viruses abounding there, (I hope.) One lead to a story saying Olympic swimmer Michael Phelps had a transgender boy friend but when I said WTF and clicked on it, the word alleged popped up. Lying bastards. Any crap to make a buck. Phelps should sue them. What are you talking about Peter? Did you post something on the wrong thread again? It's hard to keep up with your haphazard thoughtless mistakes... Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now