How cheap are stocks?
By one important measure, they’re cheaper than they have been since 1985. They’re 20 percent less expensive than they have been, on average, over the past 100 years. And yet they still may have a ways to fall. - Gabe
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The book in the picture is the same one I used when I was learning Latin. The only thing I remember now is the long hours spent reciting verb conjugations. - Gabe
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"Our creditors in Europe, Asia, and the Persian Gulf (from whom we currently borrow $2 billion a day to export the blessing of democracy in Iraq) begin to suspect that the American modus operandi doesn't lend itself to the trustworthy management of global empire." - Gabe
"Some industry experts contend that these increased rates do not appear to be justified by any increases in the costs associated with text messaging services, but may instead be a reflection of a decrease in competition, and an increase in market power, among your four companies," Kohl said in the letter.
The cost of text messaging since 2005 has increased 100 percent from 10 cents to 20 cents for all four providers. - Gabe
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Dear Friends:
The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy - all the capital misallocation, all the malinvestment - and prevent the market's attempt to re-establish rational pricing of houses and other assets.
Last night the president addressed the nation about the financial crisis. There is no point in going through his remarks line by line, since I'd only be repeating what I've been saying over and over - not just for the past several days, but for years and even decades.
Still, at least a few observations are necessary.
The president assures us that his administration "is working with Congress to address the root caus - Gabe
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Explaining how she felt when John McCain offered her the Vice-Presidential spot, my Vice-Presidential candidate, Governor Sarah Palin, said something very profound: “I answered him ‘Yes’ because I have the confidence in that readiness and knowing that you can’t blink, you have to be wired in a way of being so committed to the mission, the mission that we’re on, reform of this country and victory in the war, you can’t blink. So I didn’t blink then even when asked to run as his running mate.”
Isn’t that so true? - Gabe
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Is all this talk of "free markets" a joke? Can't the US just let the failures fail? Instead they throw a single life vest at a sinking ship. - Gabe
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