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Posts Made By: Paul Kammueller

October 6, 2008 03:48 AM Forum: Politics

Spock and Obama

Posted By Paul Kammueller
What's worse, the Romulans are distant relatives of Spock. The Romulans are a demonstrated threat to Earth, I think on board Voyager they even had a black Vulcan, Tuvok? So who can be sure with which planet Obama's loyalties lie?

October 7, 2008 12:28 AM Forum: Investment Discussions

Where does this money come from?

Posted By Paul Kammueller
1) they are hoping that by paying some interest on excess reserves that banks now hoarding cash will post it at the Fed window and the Fed will be able to loan those funds out.

2) any of the $900B that exceeds the excess reserves will have to be raised by either:
(a) borrowing from the Treasury (selling hundreds of billions more bonds into the market) or
(b) printing more Federal Reserve Notes.

Both (a) and (b) carry some unsavory consequences.

October 8, 2008 03:10 AM Forum: Politics

my friends....

Posted By Paul Kammueller
This was getting distracting 5 minutes into the debate. My 10-year-old noticed it by about the 3rd time.

October 9, 2008 05:35 PM Forum: Investment Discussions

Sign of the times?

Posted By Paul Kammueller
"There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers."
-- Richard Feynman, US educator & physicist (1918 - 1988)

October 10, 2008 10:47 PM Forum: Investment Discussions

Investment Help!?

Posted By Paul Kammueller
Timothy McDougall said:
Specifically, I'm in RMUCX, a NY tax exempt bond fund I thought secure. Morning star just changed there rating from 5 star to 2 star and says now "This is a risky volatile bond fund, but for the bold, will deliver"! Wow, what an outlook!?!? I could loose it all or recover?!?! I have lost 24% on this, not alot compared to some I know, but this was supposed to be safe!!! Hell, I'm a retired disabled vet, I don't have a dime to loose! CAN I loose all this? New York is in debt like Calif. Do I need to cut my losses and run?

Wish I knew what to tell you. 8O

The profile on it says that it invests at least 75% of its portfolio in investment-grade material, so one would expect it to be roughly 75% 'safe' -- to 'lose it all' this being a NY muni fund you'd think NY would have to go bankrupt?? -- possible I suppose, but one would think (hope) it would be made whole by some sort of federal aid or something(?) -- naturally no one can be sure.

The credit crunch has been messing up the bond market in unprecedented ways and this is probably a manifestation of that, and I personally have no idea how long those disruptive conditions will persist. Who does?

That's a long, roundabout way of saying "I don't know".

October 11, 2008 03:12 PM Forum: Politics

Troopergate

Posted By Paul Kammueller
Yup. The skinny is that she's guilty but won't be impeached. Must be nice to be an R. Reformer, reform thyself!

October 11, 2008 10:25 PM Forum: Politics

Does Barack Obama Have Any Friends Who AREN'T Comm

Posted By Paul Kammueller
ROTFL. So far on this forum, Obama's been accused of being a communist, a terrorist, a fascist, and I forget what else. This intellectually dishonest portrait-making is one of the big reasons the right is failing and failing badly this cycle. They've been reduced to touting various conspiracy theories, many of them with mutually conflicting themes. He's the next Hitler. He's a terrorist sympathizer. He's a religious fanatic. He's a slumlord-loving exploitation-capitalist. He's a commie-socialist. Come on, make up your minds, nobody can be all these things!! grin

Obama speaks of the guy in pretty skeptical terms, basically speaking of him ('Frank') as a naive sort of person who is still lost and stuck in his 1960's ideology. Certainly doesn't seem like something a communist sympathizer would say. So thanks for playing, who's next?

October 12, 2008 12:57 AM Forum: Investment Discussions

And now the scary bit

Posted By Paul Kammueller
And now, as if trying to pour gasoline onto a blazing fire, the IMF is warning of a 'systemic global financial meltdown'. Well, if it's going to happen, speeches like that should get it moving faster come Monday morning...

October 12, 2008 03:58 PM Forum: Politics

A Month Away From Having A Marxist President?

Posted By Paul Kammueller
Total rubbish. BO was not a 'member' -- New Party endorsed mainstream candidates in a 'fusion' strategy to try to get their party name on the ballot. A pure ploy for party recognition.

http://squashed.tumblr.com/post/53973001/obama-and-the-new-party


October 12, 2008 09:53 PM Forum: Politics

A Month Away From Having A Marxist President?

Posted By Paul Kammueller
Scott Mortimer said:
Just curious - how do you folks - that are so concerned with the past - deal with the fact that McCain was one of the "Keating Five" in the 1980's "S&L Crisis" aka ripoff?
Sorry this thread is for goofy conspiracy allegations, don't confuse them with documented facts.

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