Yet you continue to grovel at the feet of shysters like David Stockman. Hypocrite much?
Yet you continue to grovel at the feet of shysters like David Stockman. Hypocrite much?
POTO,
You always criticize but never ever have anything of content to add. Think much?
Igy
Pointing out that Stockman is a shyster is solid content.
POTO,
More solid content from Bloomberg, not Stockman:
http://www.bloomberg.com/news/videos/2015-09-09/will-the-fed-make-it-a-september-to-remember-
How's that Chinese investment doing? Did you cheer at the parade last week.
Igy
China is up substantially over where they were a year ago. Still think they're going under? Ha ha ha ha
POTO,
Yep. I made more on my short than you did on your long. I think you should add to your position. Ha, ha, ha, ho, ho, ho!
Igy
It's hard to believe that you work as a financial adviser with advice like that. Ouch.
And thanks for that link. I really enjoyed listening to the fellow who said it's unlikely that China will be in a recession any time soon.
Back in July Igy to POTO.
POTO,
OK. Unoccupied cities and apartments in China makes perfect sense. A stock market that was up over 100% in one year yet GDP falling from double digit to an unlikely offical GDP number of 7%.
http://www.wsj.com/articles/mo...1402484499
In your world it is a "buying opportinity."
• Pointing Out the Obvious
RE: Down goes the Dow 7/5/2015 7:36PM - in reply to Ghost of Igloi
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Agree it is a buying opportunity.
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=273#ixzz3lRB2kGEi
I heard an interesting fact on China - apparently they grew something like 14% for a year around 10 years ago - and let's say they grow just 4% this year. Here's the thing: Because the chinese economy is so much larger now, the 4% from this year added more to the world economy than the 14% 10 years ago.
Which puts some of their slowdown into perspective, no?
(I may have the 14% number wrong, but you get the point)
This is similar to the fascinating fact that apparently there are more 20-29s in the US than the 10 peak years of baby boomers - because the country is so much larger now. But no one thinks that - we all think there is this giant lump of baby boomers outweighing the rest of the age groupers.
(and yes, the chinese stock market is still 38% higher now than a year ago)
agip,
POTO is always good at putting his words in one's mouth. My whole discussion with POTO was to put a POINT on his OBVIOUS distortion of what I have said. I never said "China was going down" those were his words. I made the POINT that the Chinese market was overvalued and in the economy was deteriorating. I think for the next year or two the risk is to the downside. The stated goal for the Chinese economy is to transition from export driven to an internal consumption model. That transition will take years rather than months.
Igy
You grouped together Greece, China, and Puerto Rico. Why would you put China with those other two if you didn't they were on the verge of collapse?
POTO,
I was suggesting that everything is not "awesome" in the global economy. Here is another piece that came out today.
Igy
agip wrote:
I made a rare story stock purchase - Shake Shack. I mean that is rare - I've done this maybe 3 times in my life. And just chump change in my fun account, but I love the product and it's been knocked down 50%. Still absurdly expensive of course. the stock and the burgers.
I'm up 6% already!
Wish I could buy you all lunch.
now 8%!
agip,
Don't count your chickens until you sell. At -$1.00 a share in EPS it is a lottery ticket.
Igy
agip wrote:
agip wrote:I made a rare story stock purchase - Shake Shack. I mean that is rare - I've done this maybe 3 times in my life. And just chump change in my fun account, but I love the product and it's been knocked down 50%. Still absurdly expensive of course. the stock and the burgers.
I'm up 6% already!
Wish I could buy you all lunch.
Hey, I'll take you up on that! When will you next be in the SF Bay Area?
Of course, there are those who say the same thing about U. S. data.
Ghost of Igloi wrote:
agip,
Don't count your chickens until you sell. At -$1.00 a share in EPS it is a lottery ticket.
Igy
ah no
with a lottery, your odds of winning are one in at least a few thousand, probably worse depending.
I figure odds of winning here are around 60%
that's a big difference!
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