George Pinto wrote:
If the Oracle of Omaha, one of the richest persons in the world and
considered a top investor can't get it right, where does it leave mere
mortals. Imagine the REAL money people lost taking his advice. Or will
he hide like others behind the fine print past performance
I agree that the cause of the crisis is well known - excessive debt which led
high consumer spending and the housing bubble. Many have been predicting for
quite a while that growth in the US economy was unsustainable. I think what was
not predicted by most observers was the magnitude to the
Date: Mon, 9 Mar 2009 14:38:12 -0700 (PDT)
From: georgejpi...@yahoo.com
On or around Oct 15, 2008 Warren Buffet urged to invest in US stocks. Since
then the DOW Jones has fallen from 8,800 to 6,600.
If the Oracle of Omaha, one of the richest persons in the world and considered
a top investor
Tim de Mello wrote:
http://watch.thecomedynetwork.ca/daily-show-jon-stewart/#clip145169
Hi Tim,
Thanks for the link. I am still not sure why such a sensitive subject is on the
comedy channel.
What really astounds me is that everyone is looking to 'put' the blame on
someone else.
No where
On or around Oct 15, 2008 Warren Buffet urged to invest in US stocks. Since
then the DOW Jones has fallen from 8,800 to 6,600.
If the Oracle of Omaha, one of the richest persons in the world and considered
a top investor can't get it right, where does it leave mere mortals. Imagine
the REAL
George Pinto wrote:
If the Oracle of Omaha, one of the richest persons in the world and
considered a
top investor can't get it right, where does it leave mere mortals. Imagine
the REAL
money people lost taking his advice. Or will he hide like others behind the
fine print
past
http://watch.thecomedynetwork.ca/daily-show-jon-stewart/#clip145169
Date: Sat, 7 Mar 2009 10:42:07 -0800
From: mervynal...@yahoo.ca
To: georgejpi...@yahoo.com; goanet@lists.goanet.org
Subject: Re: [Goanet] Rupee to touch 60 Against the USD
George,
This show is only available
the transcript of the video is?
Mervyn1650Lobo
From: George Pinto georgejpi...@yahoo.com
To: Goanet goa...@goanet.org
Sent: Friday, March 6, 2009 3:03:00 PM
Subject: Re: [Goanet] Rupee to touch 60 Against the USD
This is the link to the DAILY SHOW'S CNBC video for those of you who wrote
George Pinto wrote:
If you have about 8 minutes, go to The DAILY SHOW
(http://www.thedailyshow.com/) and then
click on the CNBC video. Not to pick on CNBC alone, but similar advise
was offered around
the world in parrot-like fashion. How many of them are willing to admit they
were
This is the link to the DAILY SHOW'S CNBC video for those of you who wrote to
me that you could not find it on the website.
http://www.thedailyshow.com/video/index.jhtml?videoId=220252title=CNBC-Gives-Financial-Advice
--- On Thu, 3/5/09, George Pinto georgejpi...@yahoo.com wrote:
If you
George Pinto wrote:
If you have about 8 minutes, go to The DAILY SHOW
http://www.thedailyshow.com/) and then click on the CNBC video. Not to
pick on CNBC alone, but similar advise was offered around the world in
parrot-like fashion. How many of them are willing to admit they were
wrong,
Two days ago I wrote that the financial community cannot be trusted with your
financial future, since recent history proves their dismal (catastrophic)
record. Investment companies and banks failed and these are the same expert
advisers and custodians of your financial assets who want to
Date: Thu, 5 Mar 2009 11:27:17 -0800 (PST)
From: George Pinto georgejpi...@yahoo.com
It brings to mind one choice you might have heard previously, paraphrased for
the current situation: confronted with a snake or a financial adviser, take
your chances with a snake.
Mario responds:
OK.
Roland Francis wrote:
To these financial predictions for gold and the US dollar, I would
point out George Pinto's very recent post:
quote
Regarding what might happen, financial ignorance may be bliss in this
case. If anyone claims to know what is going to happen, ask them how
they did in
To these financial predictions for gold and the US dollar, I would
point out George Pinto's very recent post:
quote
Regarding what might happen, financial ignorance may be bliss in this
case. If anyone claims to know what is going to happen, ask them how
they did in the market in the last six
On Tue, Mar 3, 2009 at 2:12 PM,
George Pinto georgejpi...@yahoo.com wrote:
Why don't we admit we don't have a clue of the financial future,
instead
of trying to sound intelligent.
Anyone advising you about the future should be avoided like snake-oil
salesman (also ask them if they have
Marlon Menezes goa...@yahoo.com wrote: All of this begs the question,
where the heck does one PUT one's money these days?
suggestions:
Answer 1: The same old place - in a khatli-potli under the mattress. The
chances somebody will swipe it from there are lower than keeping it with
these
Why don't we admit we don't have a clue of the financial future, instead of
trying to sound intelligent. The so-called experts, economists, financial
gurus were all wrong. No one predicted this mess. Buffet on down all lost
money. Governments around the world are acting like deer caught in
George Pinto wrote:
Anyone advising you about the future should be avoided like snake-oil
salesman
(also ask them if they have ACTED on their own advice).
I am 100% with you on this one, George.
Just last month, as I was walking into a friends house, I could hear him on the
phone with
You couldn't be more right George.
Well said.
Roland.
On Tue, Mar 3, 2009 at 2:12 PM, George Pinto georgejpi...@yahoo.com wrote:
Why don't we admit we don't have a clue of the financial future, instead of
trying to sound intelligent. The so-called experts, economists,
financial gurus were
I second you, George, on this one.
There have been and there still are many people who call themselves, economic
experts, financial experts and so on; but in reality they are all in the dark;
just trying to predict and fail in the gamble.
Govt's all over the world too are full of these
marlon menezes wrote:
I agree with Jim that it is a crap shoot as far as betting against the US
dollar is concerned.
Marlon,
On the contrary, betting against the US dollar has been the surest shoot for
the past few years.
You have seen my posts here for the last four years, suggesting
Jim Fernandes wrote:
Even though the US economy is in a black hole, the US is still regarded
as the top dog. I wouldn't bet against the USD, considering everybody
else is suffering from this recession. The only other currency I like
is the Chinese Yuan (I got some stuff in the Chinese
Jim Fernandes wrote:
Even though the US economy is in a black hole, the US is still regarded as
the top dog.
I wouldn't bet against the USD, considering everybody else is suffering from
this recession.
The only other currency I like is the Chinese Yuan (I got some stuff in the
Chinese
On Mon, Mar 2, 2009 at 5:16 PM, Mervyn Lobo mervynal...@yahoo.ca wrote:
The suffering of this recession has only just started.
The people in pain now are:
a) Those who have already lost their jobs (in the US, this number increases
by 700,000 people per month).
and
b) The retired, who were
I agree with Jim that it is a crap shoot as far as betting against the US
dollar is concerned. All regions have their problems.
Regarding China's currency versus the USD, the Chinese do not want the dollar
devalued if they are going to fund the US deficit.
Those of you who think the Indian rupee will go back to 39 Indian bucks against
the US dollar are dead wrong. Till such time the US recovers and Americans
invest back in India, the rupee is doomed to plow lower. Here's why:
The fact that the rupee even touched 39 against the USD is no mystery
Folks,
If you have substantial amount of money, there are not places in the world out
there to park your cash. I see only two options at this point. The US dollar
and gold.
If you don't like the USD, you are better off with gold, though you may have to
watch out for the herd mentality. These
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