Wednesday, September 07, 2005

WMT cutting up and random thoughts

or actually down, vowing to get aggressive this XMAS and will this make it more difficult for other retailers to make the big bucks accustomed?

Costs going up, prices going down...........profits going down?

Caustic brew in NO is being flushed into the Gulf, g-d knows what will do to environment. When drained where does the muck and tons of contaminated trash go? We have a potential epidemic of ghastly proportions here.where is this shit going to go?

MANY MANY vowed never to return, what is the future of this city that is under water that is below sea level? How many billions will be spent bulding it back up? If they $100B, double it.

Do you look at the underwater city and think ohhhh the rebuilding contracts? This might be like 3mile ISland land.How about the lives of those displaced, and where are the jobs for them? Have you sent money yet? please do it now!

$2 B a day now is being spent. Shouldn't NO families get millions like was given to more well to do 911 families?

Gas comes down 20 cents reason to rally? we have lost refinery capacity its still offline, OIL could fall as gas doesn't budge.

After MEGA doses of fiat reflation in 2003 resurection, will same work now? the end result is the destruction of our currency isn't it?

There is NO bull from destruction. We have negative savings, we have record debt and have expanded credit to never before seen levels.

Only an idiot would think we are at the beginning of something good, sustainable, when we already sit on the friggen precipice that Alan built.

What, another $50 B from FED this week? youch! WHAT will $$$ do when Greenspan halts rate increases? all that is holding it up. Can he? will he? I am not so sure, but visit with Bush has me leaning that way but not 100%

Can't keep borrowing against rising home values like before. LOOK into the sky for that helicoptor dropping cash, and then see who will except it in trade or take it and wipe their ass with it for all its worth.

I'm paying my home down, trying to keep credit card debt reasonable, what are you doing?

Duratek

2 comments:

Anonymous said...

Have no debt, pay credit cards of every month, hAVE YEARS WORTH OF EXPENSES IN gold coins, not making much with liquid assets, paid for commercial RE sending cash every month, all in all not bad, but worry about kids and grand kids b eing able to do as well

Marc R said...

Wally, that's great! you have chosen wisely.

Still have huge cross currents of data and events,most leter writers are bullish, yet they state the market players are bearish so be bullish to years end, the players are situating for that scenario and they plan to get it.

I rather don;t think a new high for 2005 is coming, and that bullish momo has topped, but GS and Co. may have other ideas, we'll see.

Katrina BUll they keep repeating.

Certainly your children and the x-gen will not be so lucky as we, inflate or die usually ends in someones rigamortis.

D