I think the Asian markets are markedly safer than ours, even though they are all linked.
Careful with the Chinese market. Companies, by law, do not have to report accurate quarterly or yearly profits, revenues, etc. Most companies over inflate their profits to save face. And many times, people sell but our returned with pennies (actually single digit yuan) per share for their apparent five figure yuan investment. Remember, this is all legal.
Okay so maybe Reaganomics was the wrong term to use. But from my understanding it was under the Reagan administration that buying stuff on credit became more prominent.
Actually - per this link: (consumer debt related to consumer disposable income) outstanding consumer debt as a percentage of consumer disposable income has more than doubled over the last three decades from 62 percent in 1975 to a very alarming 127 percent in 2005. Most of that run-up has been in the past few years.
While consumer debt got a running start during the Reagan years, it took off during Clinton's era and accellerated really fast during Dubyah's reign.
Dow passes 13,000
good point q.
What's the "Reagan-omics" connection, there, Tuna?
By the way, quiz, you do seem boring. Really boring. In that sense, I'm aspiring to be ultra-boring myself.
Careful with the Chinese market. Companies, by law, do not have to report accurate quarterly or yearly profits, revenues, etc. Most companies over inflate their profits to save face. And many times, people sell but our returned with pennies (actually single digit yuan) per share for their apparent five figure yuan investment. Remember, this is all legal.
My guy just liquidated everything. Sell. Sell. Sell.
PANIC PANIC PANIC
(I want lower prices)
... damn.
You should have dumped them a month ago if you were going to.
Okay so maybe Reaganomics was the wrong term to use. But from my understanding it was under the Reagan administration that buying stuff on credit became more prominent.
Actually - per this link: (consumer debt related to consumer disposable income) outstanding consumer debt as a percentage of consumer disposable income has more than doubled over the last three decades from 62 percent in 1975 to a very alarming 127 percent in 2005. Most of that run-up has been in the past few years.
While consumer debt got a running start during the Reagan years, it took off during Clinton's era and accellerated really fast during Dubyah's reign.
Its not the boomers, its their spoiled-ass kids...
What ... you mean it's all the students and entry level folks running around this board?
Naw ... can't be !
its not Gen Xers, its the in-between crowd, (and maybe a few Gen Xers)
actually, it may seriously be our generation, c'mon folks lets educate our fellow Reagan babies.
I dumped everything back in November...and am now looking to buy C ( Citigroup ) at $21.
divest entirely
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