Valuationsandlong-termreturns–anupdateTheS&P500hasnowunderperformedTreasurybillsfornearly9years.Thisisareminderthatwhilevaluationsmaynothavemuchimpactonshort-termreturns,evenforseveralyearsatatime,theyareapowerfulandreliabledeterminantoflong-terminvestmentreturns.Thisdisappointinglong-termtotalreturnsincethelate1990'sisnosurprise,andiswithinafewpercentagepointsofthelowreturnthatvaluationsindi...[
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SomeevenSCARIERhousingnumbersrasputin
NEW11/11/20076:33:06AM Man,yagottalovethe“RealEstateIndustrialComplex”,andespeciallythetradeassociationssuchastheMortgageBankersAssociationandTheNationalAssociationofRealtors.Theseguysmake“BaghdadBob”looklikeaparagonofhonestyandvirtue!!!
InapresentationgiveninOctoberatthe94thMBAExpo,Doug...[
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德國人為什麽讓希特勒上台？
送交者:AM2007年11月10日16:50:44於[天下論壇]http://www.creaders.org
工人貧困時代希特勒起家——民族複仇心理被納粹利用 德國是馬克思主義的故鄉，但是德國工人階級之不幸正如《共產黨宣言》所說的那樣，他們貧困，而且被資本主義剝奪了個性。第一次世界大戰以後的戰敗地位使德國工人階級和被雇傭的公薪階層購買力直線下降，雖然他們[
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interestingbyteqqqbear
NEW11/10/20077:46:04AM TotalMoneyMarketFundAssets(fromInvest.CoInst)jumped$54.6bnlastweek,surpassing$3.0TNforthefirsttime.MoneyFundAssetshavenowpostedanunprecedented15-weekgainof$417bn(56%annualized)anday-t-dincreaseof$619bn(30%annualized).Moneyfundassetshaveposteda52-weekgainof$728bn,or32%.[
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Correction,thencontinuingbullmarketbear_withme
NEW11/10/20079:02:49AM Ifmarketscorrect20to25%andhousingwealthsignificantlydecreased(dueMEWextractionforlast5yearsandspendinglikedrunkensailors),whatwouldpropelnextbullmarketsosoon?AnotherRepublicanpresidnetwithanother2Trilliontaxcutfortherich(forthepeoplethatdontneedit)??
Plus...
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ManyanalystsarewonderingwhyMerrillandCitigroupfirststatedlossestobeoneamountandthencamebackafewweekslaterwithanothermuchlargeramount.Lookingattheabovegraphmakesitatleastpartiallyclear.Whiletheabovechartisthesteepestintermsofadropinthelastmonth,alltheotherindexesshowedsimilarvolatilityinOctober.
Quitesimply,assetsthathadonevalueatthebeginningofthemonthhadanothervalueattheend.Further,manyofthose...[
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hatetosayit,buthousinghasbeenoneofthefunniestsadstoriesinhistory.Thebullsheardasneezeinmid2006andsaidtheproblemwouldbesolvedbyfall.PeoplethathavebeenthroughahousingbustcouldonlyholdtheirbreathandlaughorcryassocalledexpertswereparadedonCNBCtomakethiscall.Ahousingbustandwaitingforittofinishtookmyyouthfromme.Itwasn'ta3monthordeal,butanentiredecadefromcrackstofinish.ThemarketforhomesintheDFWareadidn...[
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Themarkethasfallenfor13straightweeks,shrinkingabout29percentsincereachingapeakof$1.18trilliononAug.8.Thebroadercommercialpapermarketdeclined$15.6billioninthepastweekto$1.87trillion,accordingtotheFeddata..[
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Wherehaveallthedollarsgone?smokey
NEW11/8/20076:58:55PM Wherehaveallthedollarsgone?
Longtimepassing.
Wherehaveallthedollarsgone?
Longtimeago.
Justlastyearthedollarswerehere.
Nowyuppiephrasesofthepastlike"cashflow"arequicklybecomingarchaicexpressions.
Whathappenedtotermslike"nestegg","15%tips"and"Christmasbonu...[
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Greenietalkedcirclesinthe1990's,especiallyaftertheirrationalexhuberancespeech.Onceinawhilehewouldtellthetruthifyoulistenedcloselyandthefinancialpresswouldmissit.Thejokewasthathesaidwedon'tknowthereisabubbleuntilitbursts.ThetruthIheardfromhimin1998whenaskedaboutthemarketwashesaid,inthepastthingslikethishaven'tendedwell.So,hehadtoavoidthebubbleword,thenhehadtomanagethebubbledeflation,whichitneverdef...[
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