Comments on Fund My Mutual Fund: Peter Schiff on the Fannie/Freddie Bailouts

SFC,the % of GDP that is assigned to capital (corp...

2008-09-12T17:39:00.000-04:00

SFC,

the % of GDP that is assigned to capital (corp profits) versus labor is the highest since 1920s.

meaning highest % of national gains are in pockets of corporations versus working class since right before Great Depression.

So yes, the corporations are doing relatively well. But have you looked at a 10 year chart of the S&P 500? If a stock market is a reflection of a nation's well being what does 10 years of nothing mean?

Gotta worry about somebody that is so negative on ...

2008-09-12T17:29:00.000-04:00

Gotta worry about somebody that is so negative on the US. US will remain the greatest country in the world. The savings rate in the US is greatly under reported and US corporations have record cash on their balance sheets. What reckless consumption are we talking about?

As I tell my kids - Rich people are rich because o...

2008-09-12T16:04:00.000-04:00

As I tell my kids -

Rich people are rich because of their rich decisions,
Poor people are poor because of their poor decisions,
Poor people who make rich decisions will become rich
Rich people who make poor decisions will become poor

works for countries too

Schiff is saying that anyone, a child, can consume...

2008-09-12T14:37:00.000-04:00

Schiff is saying that anyone, a child, can consume....and real wealth is about production and savings.

we have neither so we should be poorer and we USED to be wealthy, but the trend is towards being poor.

And the rest of the world is suffering from us, because we borrow with dollars and pay back with more worthless dollars.

But none of you can argue against Schiff's track record

I ordered Schiff's most recent book...i cannot wait to read it.
BOOYAH

roses see my post yesterday on closing 2 ultrashor...

2008-09-12T14:20:00.000-04:00

roses see my post yesterday on closing 2 ultrashorts to simply life

I posted both the MCD and WMT charts there

pooring of America 101 charts

dclancy, what happens to the world if we consume within our means versus over our heads? Thats the main problem. To fund consumption we continue to take on debt. If we consumed at a level consumerate to our production there would be a 1x adjustment to the downside worldwide and then a balance.

I think Schiff is missing a big point, if we don't...

2008-09-12T14:17:00.000-04:00

I think Schiff is missing a big point, if we don't consume the stuff others are making, then those countries making the stuff suffer too, no job = no wealth right?

The fact that the CEO's of Fannie and Freddie paid themselves millions of dollars and gets to keep it is appalling! Someone needs to do something about this dammit

Go to Stock charts and type in the weekly of MCD

2008-09-12T13:52:00.000-04:00

Go to Stock charts and type in the weekly of MCD

MarkWant to see a pretty chart? Check out MCD.I kn...

2008-09-12T13:49:00.000-04:00

Mark

Want to see a pretty chart?
Check out MCD.

I know you try to focus on more off the beaten track names but in a market like this it may help you to take whatever you can get. Some of the internationals that sell things for cheap and have charts like this may be of interest to you...

http://tinyurl.com/7ygy2