-
21-05-2008, 07:48 PM
#131
Soros on global economy woes
Very interesting times ahead.
After a great weekend at the Southern Convention and a relaxing spa at the Marua springs on the trip home.
I restructured my shares.
Actually I think it started in the brain last week, when I dumped the last of my NWE shares, at a loss I might add. Down to 4.5 different shares. The .5 in transition of being sold.
Back to 30% cash.
Then I listened to the Guru last night
http://news.bbc.co.uk/2/hi/business/7409517.stm
P.S Absolutely correct to a tee Strat, but what came out of Home Depot is for real and Fletcher's latest report mirrors it.
Last edited by tricha; 21-05-2008 at 07:51 PM.
Reason: Strat response
-
21-05-2008, 08:12 PM
#132
The so called expert analyst/economist do get it wrong and often. I like reading their analysis, but at the end I make my decisions based on my own analysis. If the experts get it right all the time, then we would have fund managers making super returns in a downturn economy... LOL.. yeah right, pigs do fly.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
-
21-05-2008, 08:32 PM
#133
Originally Posted by tricha
Very interesting times ahead.
After a great weekend at the Southern Convention and a relaxing spa at the Marua springs on the trip home.
I restructured my shares.
Actually I think it started in the brain last week, when I dumped the last of my NWE shares, at a loss I might add. Down to 4.5 different shares. The .5 in transition of being sold.
Back to 30% cash.
Then I listened to the Guru last night
http://news.bbc.co.uk/2/hi/business/7409517.stm
P.S Absolutely correct to a tee Strat, but what came out of Home Depot is for real and Fletcher's latest report mirrors it.
Tricha.... Fletchers do to a degree mirror Home Depot to a degree
Home Depot are retailers to the DIY market in the US and yes a BIG market.
Fletcher... are a diversified "building"company with a manufacturing presence worldwide...from Eastern Europe to Asia to North/Central/South America and of course OZ and NZ.
The unfortunate part now is that may become a takeover target. With big cash reserves and good cashflow they could be self funding.
I am a holder and will continue buying into FBU during these "low times"
I know..its not an oil company
Oiler
-
22-05-2008, 09:06 AM
#134
High oil prices & Commodities + negative growth + High Debt = US RECESSION !
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
-
22-05-2008, 11:01 AM
#135
Member
Originally Posted by Dr_Who
High oil prices & Commodities + negative growth + High Debt = US RECESSION !
$3/gallon was last weeks price it's now $4/gallon.....$5/gallon by June.
I have spent last weeks $1500 stimulus check on gasoline YTD already.
The trend is your friend.
-
22-05-2008, 11:15 AM
#136
Originally Posted by trendy
$3/gallon was last weeks price it's now $4/gallon.....$5/gallon by June.
I have spent last weeks $1500 stimulus check on gasoline YTD already.
Gosh Trendy,
at that rate Americans will be paying as much to fill their car as the rest of the world soon They aint gonna like that
-
22-05-2008, 10:21 PM
#137
Originally Posted by Oiler
Tricha.... Fletchers do to a degree mirror Home Depot to a degree
Home Depot are retailers to the DIY market in the US and yes a BIG market.
Fletcher... are a diversified "building"company with a manufacturing presence worldwide...from Eastern Europe to Asia to North/Central/South America and of course OZ and NZ.
The unfortunate part now is that may become a takeover target. With big cash reserves and good cashflow they could be self funding.
I am a holder and will continue buying into FBU during these "low times"
I know..its not an oil company
Oiler
Hi Oiler, U R right Oiler, it is oil or nothing for me I'm afraid, I've got oil on the brain, hows this for crazy, filled the car up tonight, Paid my 1st $2.00 for a litre, yee ha.
But hey u have heaps of oil yourself, so taking a minus in Fletcher for a while will probably be here nor there
Go NZO, cheap as chips still
-
23-05-2008, 09:23 AM
#138
Originally Posted by tricha
Hi Oiler, U R right Oiler, it is oil or nothing for me I'm afraid, I've got oil on the brain, hows this for crazy, filled the car up tonight, Paid my 1st $2.00 for a litre, yee ha.
But hey u have heaps of oil yourself, so taking a minus in Fletcher for a while will probably be here nor there
Go NZO, cheap as chips still
Oiler,
Please, get out of FBU. You like LMP ( and it's CSG potential ).
Put it all on that.
There is a big recession coming and it aint funny.
-
27-05-2008, 07:21 AM
#139
Originally Posted by bermuda
Oiler,
Please, get out of FBU. You like LMP ( and it's CSG potential ).
Put it all on that.
There is a big recession coming and it aint funny.
Buffett sees U.S. in recession
Berkshire Hathaway CEO tells German magazine he believes country is now in recession.
BERLIN (AP) -- Warren Buffett, whose business and investment acumen has made him one of the world's wealthiest men, was quoted in an interview published Sunday as saying the U.S. economy is already in a recession.
Asked by Germany's Der Spiegel weekly whether he thinks the U.S. could still avoid a recession, he said that as far as the average person is concerned, it is already here.
"I believe that we are already in a recession," Buffet was quoted as saying. "Perhaps not in the sense as defined by economists. ... But people are already feeling the effects of a recession."
"It will be deeper and longer than what many think," he added.
The 77-year-old chairman and chief executive of Berkshire Hathaway Inc. (BRKB) gave the interview while he was in Europe for what he called a "deferred shopping tour," looking for possible acquisitions.
Omaha-based Berkshire has about $35 billion in cash and is looking to invest. Berkshire's subsidiaries include insurance, clothing, furniture, natural gas, corporate jet and candy companies. Berkshire also has major investments in such companies as Coca-Cola Co. and Anheuser-Busch Cos.
-
27-05-2008, 07:24 PM
#140
Greenspan is also saying something very similar...
Death will be reality, Life is just an illusion.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks