sky's not falling for the mountain man primitive

[franksolich]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x6452928

Oh my.

First up, the Twix candy bar primitive, the supervisor who got fired from Target:

TwixVoy  (1000+ posts)        Thu Sep-03-09 09:43 AM
Original message
 
Folks please take a look at your investments NOW

I will not tell anyone what financial moves to make in this thread or tell you the sky is falling.

But I just want to suggest to any DUers with a 401K or other investments to take a moment SOON to read some articles on what has been going on with the dollar and do a little bit of economic research beyond reading the headlines you see in the MSM telling you all is well.

A lot of people were caught off guard at the end of 2007/early 2008. I was here posting back then that the internal retail sales numbers nation wide had fallen off a cliff at Target (which I didn't name back then due to fear of retaliation from Target) and that something major was coming down the pipe. Unfortunately I no longer work at Target and can't see those numbers my self, but from former co-workers I have spoken to recently they have taken another turn for the worse recently. That is not a good sign at all. A lot of this "recovery" talk is based on the belief we will see a consumer driven recovery. Come the end of fourth quarter if that doesn't materialize it will be another disaster.

Also PLEASE read some economic articles at sites *dedicated* to the economy/markets instead of what you get from CNN et al. I love how we have already just lost another half a million jobs and the MSM is already trying to tell you it's not that bad. There is a lot more to pay attention to than consumer sales and job losses coming down the pipe.

Read what is out there and make your moves accordingly, but please do your research soon.

Also if you have a job and have debt please consider using this time to pay that debt as much as possible.

I thought Bo was going to take care of this, after January 20, 2009.

What's up with that?

Enormous bonfire.

The Joanne98 primitive, who changes her underwear every ten days:

Joanne98  (1000+ posts)      Thu Sep-03-09 09:46 AM
Response to Original message
 
3. Good advice. I don't own any stocks but if I did I would pay attention NOW!
 
BTW. There are a lot of good bear etf's if people want to check into that too.

NOW tense  (1000+ posts)       Thu Sep-03-09 09:48 AM
Response to Original message
 
5. I cashed in my retirement to pay the mortgage. 

I don't have any money in the market anymore.

eleny  (1000+ posts)      Thu Sep-03-09 09:51 AM
Response to Original message
 
7. I remember your postings about retail

It sounded like you were describing Target because of my experience there. Target was always such a convenient store for me being located so close to our house. A few minutes drive. Then they opened a couple of the big stores just a bit farther away but still convenient. I loved the stores being so well stocked and clean.

Then, the stocked shelves started looking bare. So I started looking elsewhere first before going to Target. Often I'd look online for casual clothes or in small specialty stores because Target just didn't offer have much in stock. I couldn't even find a tee shirt with pockets for hubby so we order from LL Bean now even though my first choice would be to shop locally.

TwixVoy  (1000+ posts)        Thu Sep-03-09 09:56 AM
Response to Reply #7
 
10. The instocks at Target were a big issue... I posted about the crazy replenishment situation we were seeing at retail here too.

The thing is we could NOT get the product even in to the country. I was going so far as emailing people at HQ telling them the amount of out of stocks was nuts. The response I got back from them was basically "Yea it's not coming in to the country at all what do you want us to do about it?".

Take a look at the baltic dry index. It has dropped yet again recently, so I would expect retailers are going to have more replenishment issues.

What would amaze people who don't work retail is just how much work we had to do over the last year to make things LOOK full. All the stores even got instructions from HQ on tips to make the shelves look full to people even when half the product that was supposed to be on the aisle was out of stock. Target and others don't want people to see that. It is a huge focus.

The mountain man primitive who, like all men, nightly pitches his tent one day's march closer to the mausoleum:

ThomWV  (1000+ posts)      Thu Sep-03-09 09:54 AM
Response to Original message
 
8. The sky is not falling

If in fact you had any good knowledge of economic principle you'd know that if anything now is the perfect time to buy into our economy and to amass as much debt as you can stand. Inflation is on the horizon and in preinflationary times its desirable to load up debt so as to make later repayment with cheaper currency. That presumes you expect inflation and with the hundreds of billion phantom dollars that are being pumped into the economy, well, it doesn't take a Ralph Maynard to see where that one is going to lead.

TwixVoy  (1000+ posts)        Thu Sep-03-09 09:57 AM
Response to Reply #8
 
11. Good luck to you on that

Go ahead and amass your debt. We'll see how that works out. I am bookmarking your post to ask you about come 1st quarter 2010.....

TwixVoy  (1000+ posts)        Thu Sep-03-09 10:07 AM
Response to Reply #13
 
23. Good for you

As for me I have taken ALL equity positions I have held and moved them over to short term AAA rated short term foreign bonds in the last month.

I have liquidated my pension plan AND 401k from my former employer and rolled them over to a traditional IRA in said bonds as well.

I have also taken several short positions in the last week on certain US stocks.

I also have $15,000 worth of gold sitting in a bag in my closet as well just in case of a worst case situation and the dollar goes to hell.

Oh my.  Gold in the closet.

As I said, it's an enormous bonfire, the primitives quibble-quabbling in their financial advice.  If one's into finance and markets, it's a great lot of fun to see the whole bonfire in its entirety.

[SSG Snuggle Bunny]

ThomWV  (1000+ posts)      Thu Sep-03-09 09:54 AM
Response to Original message
 
8. The sky is not falling

If in fact you had any good knowledge of economic principle you'd know that if anything now is the perfect time to buy into our economy and to amass as much debt as you can stand. Inflation is on the horizon and in preinflationary times its desirable to load up debt so as to make later repayment with cheaper currency. That presumes you expect inflation and with the hundreds of billion phantom dollars that are being pumped into the economy, well, it doesn't take a Ralph Maynard to see where that one is going to lead.

I think I just discovered Peter Orszag's DU name.

[miskie]

In my own way I have been loving this economy - the missus and I buy 25 bucks worth of GM automatically every week. We have a couple hundred shares now. We also are enjoying CitiGroup and their woes.

The investment is small enough to not hurt us financially, yet large enough to keep new shares rolling in constantly.  If it all turns sour its no loss to us, but when things eventually level out, (and they will - but not in time for Obama to benefit from it) 'hope'fully We will have a nice chunk of 'change'.

Thanks Obama !  

[USA4ME]

Statistical

18. Inflation hurts lenders and helps borrowers.  

That is economics 101.

These primitives are lying through their teeth when they claim they knew this simple fact of economics.  I've watched the primitives discuss economics, inflation, etc... since 2004 and in all their discussions on the topic they considered inflation to be good for the "rich" lenders.  It wasn't until I and several others conservatives from CU (posters who are now over here) blasted them on how absolutely stupid they were to believe such a thing, and then explain to them why, that now they claim to have this knowledge and that it's Econ 101.

Just once I'd like to see them step up to the plate like normal humans and admit they learned what was actually true about something by coming over here and reading us mock their stupidity.  But that's too much to ask from a group of well documented liars.

.

[DumbAss Tanker]

Well...it helps borrowers if they have a fixed rate note and the trend is constantly upward.  Real life can get a whole lot more complicated than a "Simple law of economics" can explain.

[ScubaGuy]

Threads like this make me happy that I don't go to Target to get financial advise.

[GOBUCKS]

I have liquidated my pension plan AND 401k from my former employer

From all the DUmmy TwixVoy nonsense, above are the only words you can believe.

This is a great thread, with the DUmmies getting financial advice from a fired Target clerk,
a woman wearing underwear that's fermented for ten days, and a nutcase who pulls his own
teeth. I guess that's how deadbeat DUmmies become deadbeat DUmmies.

Incidentally, I fear DUmmy TwixVoy, like a few other DUmmies, has become a little starstruck
from being quoted by wingnuts like us, and has started to sort of fish for quotes. Some of his
posts lately seem like pleas for our attention. He may become a poor man's stevenumbers, and
I would not be surprised to see jealous DUmmies starting to turn on him.

[The Village Idiot]

I was thinking it'd be a good idea to do the opposite of what a DUmmie would do. but they are all over the map. I guess they need financial advice from Charlie Rangel and Timmay Geithner

[Chump]

The sky is still falling, DUmmies.

http://market-ticker.denninger.net/archives/1418-The-Governments-Effort-Has-Failed.html

[AllosaursRus]

I also have $15,000 worth of gold sitting in a bag in my closet as well just in case of a worst case situation and the dollar goes to hell.

What kind of moran posts this kind of info on a site full of crooks? Even if it's a lie, it's a hell of an invitation for a home invasion robbery! Does this idiot think the net is that anonymous?

I should research tis asshat and show it a picture of it's frikkin' house!

What a ButtNugget!