It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by stander
Ahahahahaha -----> finance.yahoo.com...
From Ordering Steak and Lobster, to Serving It
Carlos Araya used to order lobster, filet mignon and $200 bottles of red wine at the Palm Restaurant in midtown Manhattan.
Now, he seats customers at its Tribeca branch.
Mr. Araya, 38 years old, lost his job in 2007 as a crude oil trader on the New York Mercantile Exchange. After visiting dozens of headhunters with no luck, he applied in August 2008 to be a host at the Palm to support his wife, two young daughters and mortgage payments. His salary has plunged from $200,000 to $25,000.
The less unproductive speculators, the better.
When writing "The Wealth of Nations," did Adam Smith forget to include a chapter on "futures?"
He didn't. This speculative and unproductive crap wasn't around when capital was forming due to unset of industrialization with feudalism on the way out. When things need to be done, there is no fu-king around with unproductive sh-t like that. The ratio of money that flows through the productive/unproductive sector has been increasing in favor to the unproductive part -- and that includes excessive military spending. Any nation indulging itself in excessive unproductive speculation will pay the price.
The naive economists regard the period after a recession as something that gives AAA rating to the fundamental rules that govern over the way folks are exchanging goods and services. That's wrong, coz the up and down time intervals will be far more frequent. New ill-conceived influences have been put in play that affect the basic rules. As an effect, capitalism itself will be quietly and intuitively redefined, and it will undergo a transformation over the next few decades.
The Joker stirred in the box, brushed his teeth and blew a whistle.
Ahahahahaha . . .
[edit on 6/3/2009 by stander]
Originally posted by GreenBicMan
On a side note....
Jim Rogers: S&P Could Go to 50,000
finance.yahoo.com...&P-Could-Go-to-50000;_ylt=ArjV.nbj0PvYWB8VjqXSAiW7YWsA?tickers=dia,spy,xlf?sec=topStor ies&pos=8&asset=&ccode=
UMMMMM????
LOL!!
Originally posted by GreenBicMan
reply to post by RetinoidReceptor
Do you think that could happen without the USA collapsing?
What do you think that would do to short term bonds?
I have no idea.. I would like everyones opinion most definitely on this
Originally posted by RetinoidReceptor
Originally posted by GreenBicMan
On a side note....
Jim Rogers: S&P Could Go to 50,000
finance.yahoo.com...&P-Could-Go-to-50000;_ylt=ArjV.nbj0PvYWB8VjqXSAiW7YWsA?tickers=dia,spy,xlf?sec=topStor ies&pos=8&asset=&ccode=
UMMMMM????
LOL!!
hey don't laught. Jim Rogers and Marc Farber have both been ingenius investors for decades and they have called every up and down since then. I agree with him. The only way our economy can survive is if we PRODUCE stuff. We can't just shift money around and print our way to prosperity. That is why he said that in NOMINAL terms we can go to 50,000. He was just giving an example of how nominally things can go up forever as long as the purchasing power of the fiat currencies go down.