Comments on: just imagine for a minute http://www.bripblap.com/2008/just-imagine-for-a-minute/ wealth, work and life success Thu, 18 Mar 2010 20:15:29 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: deepali http://www.bripblap.com/2008/just-imagine-for-a-minute/comment-page-1/#comment-29931 deepali Tue, 30 Sep 2008 23:23:29 +0000 http://www.bripblap.com/?p=579#comment-29931 has there been a government takeover of your state? :) has there been a government takeover of your state? :)

]]> By: escapee http://www.bripblap.com/2008/just-imagine-for-a-minute/comment-page-1/#comment-29916 escapee Tue, 30 Sep 2008 18:40:40 +0000 http://www.bripblap.com/?p=579#comment-29916 really? I don't *think* my congressman is up for reelection... really? I don't *think* my congressman is up for reelection…

]]> By: deepali http://www.bripblap.com/2008/just-imagine-for-a-minute/comment-page-1/#comment-29917 deepali Tue, 30 Sep 2008 18:23:29 +0000 http://www.bripblap.com/?p=579#comment-29917 has there been a government takeover of your state? :) has there been a government takeover of your state? :)

]]> By: deepali http://www.bripblap.com/2008/just-imagine-for-a-minute/comment-page-1/#comment-29932 deepali Tue, 30 Sep 2008 18:19:01 +0000 http://www.bripblap.com/?p=579#comment-29932 ruth, i am hoping that if you are retiring soon, that you've been rebalancing your portfolio! ruth, i am hoping that if you are retiring soon, that you've been rebalancing your portfolio!

]]> By: deepali http://www.bripblap.com/2008/just-imagine-for-a-minute/comment-page-1/#comment-29920 deepali Tue, 30 Sep 2008 18:19:01 +0000 http://www.bripblap.com/?p=579#comment-29920 ruth, i am hoping that if you are retiring soon, that you've been rebalancing your portfolio! ruth, i am hoping that if you are retiring soon, that you've been rebalancing your portfolio!

]]> By: deepali http://www.bripblap.com/2008/just-imagine-for-a-minute/comment-page-1/#comment-25865 deepali Tue, 30 Sep 2008 16:23:29 +0000 http://www.bripblap.com/?p=579#comment-25865 has there been a government takeover of your state? :) has there been a government takeover of your state? :)

]]> By: deepali http://www.bripblap.com/2008/just-imagine-for-a-minute/comment-page-1/#comment-25864 deepali Tue, 30 Sep 2008 16:19:01 +0000 http://www.bripblap.com/?p=579#comment-25864 ruth, i am hoping that if you are retiring soon, that you've been rebalancing your portfolio! ruth, i am hoping that if you are retiring soon, that you've been rebalancing your portfolio!

]]> By: Bill http://www.bripblap.com/2008/just-imagine-for-a-minute/comment-page-1/#comment-29919 Bill Tue, 30 Sep 2008 11:43:00 +0000 http://www.bripblap.com/?p=579#comment-29919 One more thing: Do you read andrewtobias.com? I think you'd like what he has to say about personal finance, the economy, politics, and social issues. One more thing: Do you read andrewtobias.com? I think you'd like what he has to say about personal finance, the economy, politics, and social issues.

]]> By: escapee http://www.bripblap.com/2008/just-imagine-for-a-minute/comment-page-1/#comment-25861 escapee Tue, 30 Sep 2008 11:40:40 +0000 http://www.bripblap.com/?p=579#comment-25861 really? I don't *think* my congressman is up for reelection... really? I don't *think* my congressman is up for reelection…

]]> By: Bill http://www.bripblap.com/2008/just-imagine-for-a-minute/comment-page-1/#comment-29918 Bill Tue, 30 Sep 2008 11:38:07 +0000 http://www.bripblap.com/?p=579#comment-29918 Steve, this is a reply to your reply and also a comment on a later post you made about this -- the securities we're talking about aren't fairly-valued. They're priced far lower than a rational market would value them. Therefore, IF the market returns to sanity (and I think it will and I think it will much more quickly with a government instilling confidence in the economy and financial system), the government limited its downside risk by buying the securities at a depressed price. Therefore, it's sort of boosted the risk-reward equation over to the reward side.<br><br>It's apparent that you're skeptical of the administration. So am I. I've been VERY vocal about that (read my Rants blog). They're careless, at best, reckless at worst.<br><br>However, I'd begin to listen to people like Bernanke (even though I think he missed the party on this), who's academic career encompassed studying the cause, effect, and solutions of and to the Great Depression. He's finally seen the light. And I think he's terribly afraid of how clearly bright that light is!<br><br>I HOPE I'm wrong. I REALLY don't want to say "I told you so." Because I have a lot of money in this market, too. I'm just like everyone else here: I work, pay my bills, and count on my investments to fund my retirement. Those 3 things are in jeopardy right now. Steve, this is a reply to your reply and also a comment on a later post you made about this — the securities we're talking about aren't fairly-valued. They're priced far lower than a rational market would value them. Therefore, IF the market returns to sanity (and I think it will and I think it will much more quickly with a government instilling confidence in the economy and financial system), the government limited its downside risk by buying the securities at a depressed price. Therefore, it's sort of boosted the risk-reward equation over to the reward side.

It's apparent that you're skeptical of the administration. So am I. I've been VERY vocal about that (read my Rants blog). They're careless, at best, reckless at worst.

However, I'd begin to listen to people like Bernanke (even though I think he missed the party on this), who's academic career encompassed studying the cause, effect, and solutions of and to the Great Depression. He's finally seen the light. And I think he's terribly afraid of how clearly bright that light is!

I HOPE I'm wrong. I REALLY don't want to say “I told you so.” Because I have a lot of money in this market, too. I'm just like everyone else here: I work, pay my bills, and count on my investments to fund my retirement. Those 3 things are in jeopardy right now.

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