We gather at the forum to learn from one another by sharing knowledge,
exchanging ideas, thoughts and opinions. To illuminate and to be educated.
All are invited to read and post. Gentlemanly conduct will be the attire
of the day ... and all forms of precious metals investments the topic of
the hour.
Gold-Eagle or its Sponsors do not necessarily endorse any statements that
are made, or assert the truthfulness or reliability of the information
provided.
Reading is open to all, but posting requires one-time registration.
Yes, I know we've just had the 80th anniversary of the 1929 Crash. So what? We can learn a lot from past crashes and economic disasters, but that particular one is looking less and less relevant to the position we are in today.
For a start, the stock market of 1929 was valued at a level that appears truly moderate by today's standards. The overall price-earnings ratio of the market at its peak of September, 1929, was a mere 13.5 times earnings. Even its hottest tech stock, Radio Corporation of America, never traded in that year above 28 times earnings.
House Passes $1 Trillion U.S. Health-Care Overhaul Legislation
(Ischcabibo)
Nov 08, 07:32
Nov. 8 (Bloomberg) -- The U.S. House approved the most far- reaching changes to the nation’s health-care system in four decades, voting to require all Americans to get coverage and to subject insurers to new restrictions and new competition from a government program.
The House voted 220-215 last night to approve the measure, which would cost more than $1 trillion over 10 years. Just one Republican, Representative Joseph Cao of Louisiana, backed the plan, and 39 Democrats broke ranks to oppose it.
CONSEQUENTLY, growing inflation is assured accompanied by debasement of the currency.
DOLLAR DEVALUATION IS WORKING
(BOB)
Nov 08, 07:25
U.S. Goods Orders Rise for Fourth Time in Six Months
By Shobhana Chandra
(Bloomberg) -- Orders for U.S. durable goods rose in September for the fourth time in the past six months, a sign factories are helping ring in an economic recovery.
The 1 percent increase in bookings for goods meant to last several years matched the median estimate of economists surveyed by Bloomberg News and followed a 2.6 percent drop the prior month, Commerce Department data showed today in Washington. Excluding transportation equipment, orders climbed 0.9 percent, exceeding the survey median. http://www.bloomberg.com/apps/news?pid=20601068&sid=aM4BDwAYoatU
GOLD-EAGLE's Gold Forum is meant to be place where /analysts/investors/traders from around the globe may share information and ideas. The purpose is to educate and illuminate in search for the truth.
Any form of direct or indirect advertising is forbidden.
To protect the privacy of participants, posting email addresses is not permitted.
Profanity or disruptive behavior on the forum is not tolerated.
Personal attacks on individual participants are not permitted.
Readers are encouraged to respect the ideas of those who have been kind enough to contribute to the forum, and are requested to treat one another with civility and respect.
Copyright © 1997 - 2009 vronsky and westerman
