UNITED AIR LINES TO LAY OFF 950 PILOTS

Mxsmanic wrote:
writes:

The paper legally represents the ownership of the house.

Unless someone else decides to seize it.

In the end the ultimate seller may make a profit or a loss on the sale
of the future, but the future almost never becomes worthless.

For every profit, there is a loss.

In trading futures one can influence the outcome and minimize the risks
by knowing what one is doing.

Famous last words.

In gambling, about the only way to influence the outcome is to count
cards at games like blackjack, which isn't allowed in most casinos.

It works better than playing financial markets

Let's take a July contract on Unleaded gasoline. The contract originally
sales for let say $3.45/gal. It is then traded a few times before the
delivery date at $3.47, $3.49 and $3.51. The final settle and delivery
is at $3.55. While technically the first guy who bought the contract
lost $0.07/gal. because he didn't hold contract through to the end he
still made $0.02/gal just as everyone else in the chain did.

Mxsmanic wrote:
writes:

Perhaps for you luck has a better ROI than skill.

I've learned not to rely on luck.

And that has worked out so well financially for you hasn't it?

Nomen Nescio wrote:

There are two factors that are causing the rise in oil prices.
1) Supply/Demand
a) More people want the oil. Production is staying
roughly the same. Think China and India.

Weird. If supplies were short you'd think there'd be evidence of that,
as there was in the '70s when there were lines at gas pumps and signs
saying "sold out."

2) The US dollar is going in the ****ter.


So, since October of 2007 when light sweet was $83 a barrel, the economy
has gone in the ****ter and the third world has developed THAT fast such
that it's at $143 a barrel now. Uh-huh.

What do you suppose is causing the US dollar to go in the ****ter?
Blaming the government is a cop-out. Americans tend to assign
responsibility for all of their financial woes to the gummint.

Banks fail.

So do governments!
And ours is well on the way to failure.
I dare say that it probably will in our lifetime if we can get the idiots.
running the show, out of Washington in the near future.

Historically-minded folks will note that people have been declaring that
since well before 1861. Meanwhile, banks continue to fail and markets
collapse.

The oil bubble is going to burst. China hasn't developed THAT MUCH in
the last five years and there's no shortage of oil. The bubble will
burst, a lot of people will lose their asses, and the American people
are going to force the American government to make it happen.

Four years ago, everybody was saying "Buy a home NOW. The population is
only growing and real estate is becoming more scare. Prices CAN'T fall.
Here, have a loan you can't afford on a $300,000 1,200-square-foot
house. You can't lose..." Eight years ago, "BUY TECH STOCK.
INTERNET, MAN! Everybody's hooking up..."


-c

Nomen Nescio wrote:
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From: Mxsmanic

Futures, like virtually all speculation based on worthless paper, are a form
of legalized gambling.


You're a total moron!

Do you consider the deed to my house to be "worthless paper"?

Depends on what you paid for it versus what you can sell it for.


There's a 3,600 square foot home down the street from me for sale for
$750,000. "Investors" kept buying it, building on it and flipping it.
Now, nobody in their right mind would buy it for what it's "worth"
because the property is less desireable than half of the older lots in
the neighborhood, and about half of those are up for sale in the
$250,000 range.

Somebody's paying a mortgage on three quarters of a million dollars
worth of a $200,000 house. It's been on the market for over a year now.

-c

On Mon, 30 Jun 2008 17:04:04 +0000 (UTC), gatt
wrote in
:

What do you suppose is causing the US dollar to go in the ****ter?
Blaming the government is a cop-out.

Here are a couple of guesses:

1. The Bush wars force the printing of money which dilutes the
value of the dollar.

2. Lowering Fed interest rates results in international capital
seeking alternative investment vehicles.

Larry Dighera wrote:

What do you suppose is causing the US dollar to go in the ****ter?
Blaming the government is a cop-out.

Here are a couple of guesses:

1. The Bush wars force the printing of money which dilutes the
value of the dollar.

Wow. Time was you were an unpatriotic, anti-American traitor for
questioning the war in Iraq. Guys like Kerry, Obama...

"Any war with Iraq would be swift and not require a full US
mobilisation, says US Defence Secretary Donald Rumsfeld."

"It could last six days, six weeks. I doubt six months." -D.R.
http://news.bbc.co.uk/2/hi/middle_east/2738089.stm

You guys remember when crude oil was $36.25 a barrel? That was July
2004. http://www.ioga.com/Special/crudeoil_Hist.htm 'Course, the war
was already on, China and India and Pakistan were already developing
and, what... supply is 400% less now? The dollar is that much weaker
now? People actually believe that?


2. Lowering Fed interest rates results in international capital
seeking alternative investment vehicles.

I'd like to know how much of an impact Wal-Mart China has on the US
economy. Ready for this, War-Mart shoppers? This is from Wal Mart
themselves:
http://www.wal-martchina.com/english/index.htm (About Us)

"Wal-Mart firmly believes in local procurement. We recognize that by
purchasing quality products, we can generate more job opportunities,
support local manufacturing and boost economic development. Over 95% of
the merchandise in our stores in China is sourced locally. We have
established partnerships with nearly 20,000 suppliers in China. At
Wal-Mart, we always work with our suppliers to grow together. In August
2007, Wal-Mart once again secured the top spot of the 2007 Supplier
Satisfaction Survey conducted by Business Information of Shanghai.
Additionally, Wal-Mart directly exports about US$9 billion from China
every year. The export volume by third party suppliers is also
estimated to be over US$9 billion."

"Wal-Mart will continue to grow in China and contribute to the local
economy in the following areas:
* Increase procurement and support the export of Chinese
products to international markets
* Increase investment in China, especially in the western
provinces, in response to the governmental policy of “Developing the West”"


-c

gatt writes:

Four years ago, everybody was saying "Buy a home NOW. The population is
only growing and real estate is becoming more scare. Prices CAN'T fall.
Here, have a loan you can't afford on a $300,000 1,200-square-foot
house. You can't lose..." Eight years ago, "BUY TECH STOCK.
INTERNET, MAN! Everybody's hooking up..."

As I've said, playing the financial markets is nothing more than gambling.

gatt writes:

Wow. Time was you were an unpatriotic, anti-American traitor for
questioning the war in Iraq.

Maybe he was questioning the war in Afghanistan ... or Iran.

gatt writes:

Depends on what you paid for it versus what you can sell it for.

The principle of the "greater fool": Finding someone who is even more stupid
who will pay even more money for something with little or no intrinsic value.

Somebody's paying a mortgage on three quarters of a million dollars
worth of a $200,000 house. It's been on the market for over a year now.

Apparently no greater fool exists for that owner.

Mxsmanic wrote in
:

gatt writes:

Four years ago, everybody was saying "Buy a home NOW. The population
is only growing and real estate is becoming more scare. Prices CAN'T
fall.
Here, have a loan you can't afford on a $300,000 1,200-square-foot
house. You can't lose..." Eight years ago, "BUY TECH STOCK.
INTERNET, MAN! Everybody's hooking up..."

As I've said, playing the financial markets is nothing more than
gambling.

Wrong again, fjuktjard.