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  • JAVELIN2625 JAVELIN2625 Feb 23, 2002 4:15 PM Flag

    LET'S STICK TO FUNDAMENTALS

    Watch out for the REITs. I am a lot older than you - been there, done that, was hurt badly. Today's market has everyone looking for income. That is when investors tend to "reach" for what seems to be a "promised" yield. Amazing how those REIT yields can disappear!
    Good luck.

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    • Good point. If Japan and Europe decide to dump their US dollars, the presumption is the Euro would be the winner. Right now, the Japanese are big gold buyers, hauling giant bars home, don't even trust their banks for storage. What are your thoughts about this?

      • 3 Replies to deywar
      • I fel the need to call you out. Like your ancestors that came before you. Prisonet, Mcprison, and Sparks. You are against the private prisons. There is nothing wrong with that. You run around posting strong sell when it is clear you do not have a dog in this fight. Let me know how many you sell with Cxw or Whc and I will buy double what you sell. If you choose to bash prison stocks, go get Crn or Cscq. Then you will no appear to be so stupid. Cxw and Whc have some issues to deal with but both are on the right track. If you think that crime is about to go away, especially in the federal markets, then you are a little bit on the ignorant side. Good luck and I do wish you the best.

      • I feel the need to call you out. Like your ancestors that came before you. Prisonet, Mcprison, and Sparks. You are against the private prisons. There is nothing wrong with that. You run around posting strong sell when it is clear you do not have a dog in this fight. Let me know how many you sell with Cxw or Whc and I will buy double what you sell. If you choose to bash prison stocks, go get Crn or Cscq. Then you will no appear to be so stupid. Cxw and Whc have some issues to deal with but both are on the right track. If you think that crime is about to go away, especially in the federal markets, then you are a little bit on the ignorant side. Good luck and I do wish you the best.

      • Difficult question!
        The Japanese are buying gold, ostensibly, because the government soon will no longer provide total insurance for their bank accounts. They used to have 100% yen coverage. The new coverage will be about the equivalent of $75K (I think). Because of the persistent deflation in Japan over the past 12 years, investors have no confidence in the Japanese economy and have apparently decided the only solution for protecting their resources NOW is to buy gold.
        The U.S. economy is still the driving force in the world economy. Europe needs us even if they don't like our politics, social values, etc. I rather doubt that the Euro will be a success (compared to the dollar) in the near term (5 to 10 years). I believe that the Euro countries will have increasing difficulty cooperating with each other economically while trying to maintain some semblance of national identity as they seed political and economic power to Brussels.
        The U.S. is far more socialized than it was right after the war (the Big One!). I think our society and economy will slowly transition to something equivalent to the European model over the next 50 years or so. We will continue to lose the middle class non-service jobs to outsourcing. These jobs were the economic strength of the country in the last 50 years and the basis of the American economic middle class. That is of course of little concern to us directly but it will affect our children, grandchildren, etc.
        Perhaps because of my age, my economic view for our country is too pessimistic. But all the evidence seems to me to reenforce my opinion of our economic evolution into a far more socialized American society - driven largely by an expanding population with an increasingly poor ratio of skills versus wants.
        My grandfather, if he was here today, would be appalled at our society as it exists right now. But, that is why societies can and do change - those who know the past and all the good things of the past die while those who replace them lack that knowledge and consequently are more amenable to change.
        As I said, a difficult question.

 
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