> Sam wrote: > Weeks? Good turnaround is 90 days while we just went from 30 to 60 > days. So still better then good. >
A fiscal conservative attempts to see the risks and hedge against them. Conservatives prefer to control all variables and therefore opt for a reliable lower return rather than a higher unpredictable one. That makes the conservative position this: There's a lot of people up to their eyeballs in debt - both in and out of the housing market. The country as a whole relies on $4 Billion of debt per day just to operate. Oil is unpredictable for many factors including terrorism and speaking of terrorism another strike in America could cause who-knows-what. AND the markets have just delivered an inverted yield curve which, historically, delivers a recession. Therefore, a conservative says, this is not the time to be taking on further risks such as debt and deficit spending. Now is the time to batten down the hatches. You, on the other hand, take the liberal position: "Don't worry about it. I run with scissors every day and I've never fell." Who's right? Who knows. My goal, though, is to make sure that if I'm right, 'm ready. But, for a balanced look at the inverted yield curve meaning read this: http://www.thestreet.com/_googlen/mutualfundmonday/mutualfundmondaygg/10255617.html "As Tony Crescenzi, chief bond market strategist at Miller Tabak and RealMoney.com contributor, points out, every inverted yield curve since 1970 has been followed by a period in which S&P 500 earnings growth was negative, and has almost always preceded either an economic slowdown or a recession." (For what it's worth I agree with this guy: http://www.smartmoney.com/commonsense/index.cfm?story=20051129 ) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:185924 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
