Talk of The Villages Florida - View Single Post - Vibrant free-market can be its own undoing
View Single Post
 
Old 12-13-2013, 07:50 PM
Villages PL Villages PL is offline
Sage
Join Date: Sep 2011
Location: Belvedere
Posts: 5,279
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Quote:
Originally Posted by donb9006 View Post
Really? No bubbles? How about in bonds? The fed is giving money to the banks to buy treasuries, keeping the interest rates low and prices high. How much? How about $45 billion a month. The fed is also buying up the "toxic", non performing mortgages the banks got stuck with when the government made them give out mortgages to inner city minorities. How much? Another $45 billion each and every month. And how does the Fed, a private gable of banks PAY for these things...credits on a computer screen. Our financial system is based on credit.
I just heard about a new rule that was put in place for banks: They can't trade securities for their own profit. This and "toxic mortgages" seems to be getting off the subject of this thread.


Quote:
So...if you can't time the market...how do you know when the highs and lows are? If you can't time the highs and lows, how do you know when to "buy low", and "sell high"?
When the market crashed, I assume we all will agree that the market was low. And now the market is much higher than it was then. But the economy is still underperforming, so that leads me to believe there is still plenty of room for earnings growth. When we get to the point where the economy is beginning to overheat, that will be the time to start taking some profits.

Quote:
That's what I've heard too...it's the medical insurance companies who want EVERYONE to be a policy holder. But you can't forget the extravagant salaries the medical "professionals" get either. Medicine, the field, simply costs too much. It's the cost that has to go down, it must be affordable.
Is it a "free market" when you have to introduce buying Canadian as a viable alternative to getting your medications? When you have to travel to a foreign country for an operation? Really?
Hospitals and good doctors charge "astronomical fees" because they can. No expense is too great when MY life is on the line...do it, whatever the best charges...pay it! 90% of medical costs are to keep the old and terminal alive a few more months.
Unfortunately, medicine is fully of greedy people. Greedy people in need of regulation. Look at China for an example of no regulation, no enforcement anyway... However, regulations shouldn't be politically driven, giving one an advantage over another.
I think the discussion has become too broad and is straying from my original subject. Can you address, or comment on the example I gave in my opening post? It was not my intention to focus on 1) the bond market 2) the stock market 3) main street 4) drug companies 5) hospitals etc. etc.. Did you see anything in my opining post to suggest that?